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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.022%
Price spread now: gTrade (Gains Network) against Variational Omni+0.173%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.022%−$2 on $10k
Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.173%, 7d avg +0.031%
Together, before fees−0.206%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.143% dearer against Variational Omni than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.031%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB802.620.0051pay 0.0051% / 8h2h 34m$4.0M$5.3M—
ShortgTrade (Gains Network) BNB/USD804.01L +0.0008% / S −0.0007%get 0.0001% / 1h34m 31s$9.8M—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$9.07
Price spread: +0.173% → +0.031%
$14.25
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$4.81
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 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 fit6.7 bp −$67doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago130.00 bp135.0 bp −$135135.0 bp −$1,350484.2 bp −$48.4K3301.4 bp −$1.65M

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%1h803.89+0.158%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.57+0.243%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.19+0.195%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.80+0.147%$111K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.162%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDshortL +0.0008% / S −0.0007%1h804.01+0.173%$9.8M—150x
Kraken Futures PF_BNBUSD+0.0038%1h803.67+0.130%$2.5M$908K50xas long as short
Variational Omni BNBlong+0.0051%8h802.62long leg$4.0M$5.3M—
BingX BNB-USDT+0.0057%8h804.35+0.215%—$34.5M—as long as short
Bybit BNBUSDT+0.0077%8h803.60+0.122%$139.4M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0087%8h804.71+0.260%$6.4M$18.8M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.170%$608K$877K50xas long as short
Lighter BNB+0.0096%1h804.23+0.201%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h804.14+0.189%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.47+0.230%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.90+0.159%$55.2M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.30+0.209%$52K$162K10xas long as short
Gate BNB_USDT+0.0100%8h804.15+0.190%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.92+0.162%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.88+0.157%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.02+0.050%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.17+0.193%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.93+0.163%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.55+0.116%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.64+0.127%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.90+0.159%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.35+0.091%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.00+0.296%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.05+0.177%$1.9M$6.1M50xas long as short
MEXC BNB_USDT+0.0104%8h805.10+0.309%$84.4M$13.6M200xas long as short
Aevo BNB-PERP+0.0104%1h803.69+0.133%$386K$40K10xas long as short
Binance BNBUSDT+0.0105%8h804.72+0.261%$519.0M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.15+0.190%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.30+0.084%$173K$35K10xas long as short
SoDEX BNB-USD+0.0140%1h803.60+0.122%$395K$1.0M10xas long as short
Hyperliquid BNB+0.0152%1h804.67+0.255%$51.7M$21.3M10xas long as short
Bulk BNB-USD+0.0194%1h803.61+0.123%$649K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.00+0.172%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.54+0.239%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.34+0.214%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.30+0.085%$71K$48K12xas long as short
dYdX BNB-USD+0.0269%1h804.28+0.207%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h805.08+0.306%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.72+0.137%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.286%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0668%1h804.78+0.269%$3.0M$5.4M40xas long as short