Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.020%

Price spread now: Arcus against Variational Omni+0.111%7-day average +0.121% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.125%+$12 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.111%, 7d avg +0.121%

Together, before fees0.000%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.121%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	797.72	0.0004	pay 0.0004% / 8h	7h 19m	$4.1M	$5.0M	—
Short	Arcus BNB-USD	798.60	0.0100	get 0.0013% / 1h	19m 20s	$53K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.111%Rate

Funding earned: $20.19
Price spread: +0.111% → +0.121%: −$1.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $14.68
Costs to cover: 0.045%
Break-even: 1.9 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Arcus: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 5 min ago	3.33 bp	doesn't fit	5.5 bp −$55	doesn't fit	doesn't fit
Sell Arcus live order book, 54 min ago	6.26 bp	9.5 bp −$9	24.2 bp −$242	doesn't fit	doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0159% / S +0.0335%	1h	798.43	+0.089%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.53	−0.024%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.74	+0.128%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0010%	8h	798.15	+0.054%	$35.9M	$56.8M	75x	as long as short
BingX BNB-USDT	−0.0007%	8h	798.50	+0.098%	—	$35.0M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	+0.142%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.95	+0.154%	$863K	$2.9M	30x	as long as short
Variational Omni BNBlong	+0.0004%	8h	797.72	long leg	$4.1M	$5.0M	—
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.37	+0.082%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0009%	8h	797.10	−0.078%	$138.4M	$76.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0016%	8h	798.03	+0.039%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.924%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.169%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0054%	8h	798.72	+0.125%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0076%	8h	799.50	+0.223%	$83.1M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0076%	8h	797.83	+0.014%	$495.3M	$811.3M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.62	−0.013%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.177%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.10	+0.048%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.53	+0.102%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.10	−0.078%	$54.1M	$110.8M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	798.60	+0.111%	$53K	$133K	10x
KuCoin BNBUSDTM	+0.0100%	8h	798.20	+0.060%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.42	−0.037%	$78.1M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.149%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.154%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.38	+0.083%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.08	+0.045%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.19	+0.059%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.83	+0.139%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.70	−0.002%	$392K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.02	−0.088%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.96	+0.155%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.77	+0.006%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.12	+0.051%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.195%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.40	+0.086%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	798.70	+0.123%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	798.72	+0.126%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.86	+0.143%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.23	+0.065%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0200%	1h	798.40	+0.086%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	798.92	+0.150%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0299%	1h	799.37	+0.207%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.16	+0.055%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0411%	1h	799.63	+0.240%	$2.7M	$5.7M	40x	as long as short