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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against Variational Omni+0.072%7-day average +0.004% · you sell dearer than you buy
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)+0.020%+$2 on $10k
Price spread, last 7 days−0.054%−$5 · spread now +0.072%, 7d avg +0.004%
Together, before fees−0.034%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.068% dearer against Variational Omni than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.004%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB797.730.0006pay 0.0006% / 8h7h 44m$4.1M$5.4M
ShortBybit BNBUSDT798.30−0.0094pay 0.0094% / 8h7h 44m$138.6M$76.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$20.92
Price spread: +0.072% → +0.004%
$6.75
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$25.17
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bybit: live order book, 5 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 Variational Omni RFQ quote, 5 min ago3.33 bpdoesn't fit6.2 bp −$62doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.63 bp6.1 bp −$68.0 bp −$8024.3 bp −$2,431118.2 bp −$59.1K

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 −0.0201% / S +0.0372%1h798.60+0.110%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.43+0.088%$2.5M$982K50xas long as short
Bybit BNBUSDTshort−0.0094%8h798.30+0.072%$138.6M$76.7M75x
Hotstuff BNB-PERP−0.0080%1h799.55+0.229%$4K$23925xas long as short
BingX BNB-USDC−0.0049%8h798.83+0.138%$13.4Mas long as short
GRVT BNB_USDT_Perp0.0000%8h798.33+0.075%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.25+0.191%$864K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.13+0.176%$69.8M$50.5M50xas long as short
Variational Omni BNBlong+0.0006%8h797.73long leg$4.1M$5.4M
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.62+0.112%$9.7M150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.923%$19K$789K30xas long as short
Gate BNB_USDT+0.0039%8h798.40+0.084%$35.7M$55.9M75xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.00+0.034%$601K$981K50xas long as short
Aster BNBUSDT+0.0068%8h799.25+0.191%$6.2M$19.3M200xas long as short
Binance BNBUSDT+0.0090%8h799.05+0.166%$496.4M$813.7M75xas long as short
MEXC BNB_USDT+0.0090%8h799.40+0.210%$83.1M$13.5M200xas long as short
Lighter BNB+0.0096%1h798.80+0.135%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.69+0.121%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.90+0.147%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.32+0.199%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.40+0.084%$54.1M$111.3M50xas long as short
Arcus BNB-USD+0.0100%1h799.30+0.197%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.77+0.131%$28.0M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h798.75+0.128%$78.8M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.20+0.059%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.37+0.081%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.68+0.120%$118K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.60+0.110%$386K$471K50xas long as short
Derive BNB-PERP+0.0100%1h798.68+0.120%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.08+0.170%$12K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.70+0.122%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.90+0.148%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.93+0.276%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.13+0.051%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.71+0.124%$384K$108K10xas long as short
Bulk BNB-USD+0.0118%1h798.39+0.084%$648K$11K10xas long as short
Hibachi BNB/USDT-P+0.0136%1h798.91+0.148%$70K$34K12xas long as short
RISEx BNB/USDC+0.0155%1h799.18+0.183%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h799.30+0.197%$90K$2.8M4.8xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.97+0.156%$1.6M$160K25xas long as short
BloFin BNB-USDT+0.0210%8h799.34+0.202%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0216%1h799.57+0.231%$28K$1K10xas long as short
dYdX BNB-USD+0.0316%1h798.68+0.120%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.16+0.054%$6K$3K40xas long as short
Hyperliquid BNB+0.0332%1h799.27+0.194%$53.1M$20.9M10xas long as short
Backpack BNB_USDC_PERP+0.0396%1h799.93+0.276%$2.7M$5.7M40xas long as short