Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.013%
Price spread now: Variational Omni against SoDEX−0.023%7-day average −0.054% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.072%−$7 on $10k
Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.023%, 7d avg −0.054%
Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.031% dearer against SoDEX than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.054%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BNB-USD803.900.0175pay 0.0022% / 1h30m 14s$395K$1.0M10x
ShortVariational Omni BNB803.710.0049get 0.0049% / 8h2h 30m$4.0M$5.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$26.48
Price spread: −0.023% → −0.054%
$3.13
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$31.34
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 4 min ago0.62 bp4.6 bp −$58.8 bp −$8879.0 bp −$7,898doesn't fit
Sell Variational Omni RFQ quote, 4 min ago3.33 bpdoesn't fit6.8 bp −$68doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h803.78−0.015%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.19+0.036%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.900.000%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.60+0.087%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.20+0.037%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.86−0.005%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.900.000%$2.5M$909K50xas long as short
Variational Omni BNBshort+0.0049%8h803.71−0.023%$4.0M$5.4M
BingX BNB-USDC+0.0054%8h804.09+0.024%$13.3Mas long as short
Bybit BNBUSDT+0.0075%8h803.50−0.050%$139.3M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.036%$609K$878K50xas long as short
Aster BNBUSDT+0.0090%8h804.51+0.076%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.05+0.018%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.88−0.003%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.34+0.055%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.70−0.025%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.30+0.050%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h803.80−0.012%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.74−0.020%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.79−0.014%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.49+0.074%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.32+0.052%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.74−0.020%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.87−0.004%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.97+0.009%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.80+0.112%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.31+0.051%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.07+0.021%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.81+0.113%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.45−0.055%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.04+0.017%$386K$40K10xas long as short
MEXC BNB_USDT+0.0106%8h804.90+0.124%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.52+0.077%$519.1M$803.1M75xas long as short
Phemex BNBUSDT+0.0125%8h804.52+0.077%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93+0.004%$173K$35K10xas long as short
Hyperliquid BNB+0.0157%1h804.49+0.074%$51.7M$21.3M10xas long as short
SoDEX BNB-USDlong+0.0175%1h803.90long leg$395K$1.0M10x
Bulk BNB-USD+0.0197%1h804.34+0.055%$650K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h804.38+0.060%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0226%8h804.88+0.122%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.11+0.026%$71K$48K12xas long as short
dYdX BNB-USD+0.0277%1h804.28+0.047%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.86+0.119%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.52−0.048%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.127%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0660%1h805.11+0.151%$3.0M$5.4M40xas long as short