Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Gate against Variational Omni+0.018%7-day average +0.021% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.018%, 7d avg +0.021%

Together, before fees+0.067%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	787.80	0.0100	pay 0.0100% / 8h	2h 00m	$4.0M	$4.8M	—
Short	Gate BNB_USDT	787.95	0.0100	get 0.0100% / 8h	2h 00m	$36.9M	$59.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.021%: −$0.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.21
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Gate: live order book, 3 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, 3 min ago	3.34 bp	doesn't fit	6.1 bp −$61	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.32 bp	9.1 bp −$9	11.1 bp −$111	27.1 bp −$2,713	58.8 bp −$29.4K

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 −0.0192% / S +0.0356%	1h	787.86	+0.007%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.88	+0.137%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.80	+0.126%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.86	+0.006%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.194%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	788.44	+0.081%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0053%	8h	788.16	+0.045%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0065%	8h	788.63	+0.105%	$69.0M	$50.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	788.90	+0.139%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	788.34	+0.068%	$490.6M	$816.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.92	+0.015%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.073%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.20	+0.050%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.04	+0.030%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.90	+0.012%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.47	+0.085%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.15	+0.044%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.70	−0.013%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	−0.026%	$53.6M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	+0.050%	$52K	$129K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	787.95	+0.018%	$36.9M	$59.7M	75x
KuCoin BNBUSDTM	+0.0100%	8h	787.75	−0.007%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.58	−0.028%	$76.2M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.42	+0.078%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	787.80	long leg	$4.0M	$4.8M	—
edgeX BNBUSDC	+0.0100%	4h	788.57	+0.097%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.84	+0.131%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.76	−0.006%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.23	+0.054%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.60	+0.102%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.12	+0.040%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.23	+0.054%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.71	−0.012%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.05	+0.032%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.39	+0.074%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0109%	1h	788.20	+0.050%	$388K	$988K	10x	as long as short
dYdX BNB-USD	+0.0126%	1h	787.75	−0.007%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0141%	8h	788.40	+0.076%	$164K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	788.55	+0.095%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	788.73	+0.118%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.46	+0.084%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.46	+0.083%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	787.70	−0.014%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.097%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.21	+0.051%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.28	+0.061%	$67K	$39K	12x	as long as short