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−0.0439%/8h= −48.1% APRpaid last 24h −0.119%
Price spread now: GMX against Variational Omni−0.019%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB803.350.0068pay 0.0068% / 8h2h 53m$4.1M$5.3M
ShortGMX BNB/USD [WBTC.b-USDC]803.20L −0.0195% / S +0.0371%pay 0.0046% / 1h53m 03s$48K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$92.22
Price spread: −0.019% → 0.000%
−$1.88
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee GMX: 6 bp × 2 orders
−$12
Net
−$106.09
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; GMX: no order-book sample. 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, 1 min ago3.33 bpdoesn't fit4.7 bp −$47doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]shortL −0.0195% / S +0.0371%1h803.20−0.019%$48K200x
Hotstuff BNB-PERP−0.0080%1h803.07−0.034%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.43+0.135%$3.0M$30.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.80+0.057%$110K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.20−0.018%$868K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.27−0.009%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.07−0.034%$2.5M$919K50xas long as short
Variational Omni BNBlong+0.0068%8h803.35long leg$4.1M$5.3M
BingX BNB-USDT+0.0070%8h803.14−0.026%$34.5Mas long as short
Aster BNBUSDT+0.0087%8h803.76+0.051%$6.3M$18.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.080%$608K$899K50xas long as short
Lighter BNB+0.0096%1h803.28−0.008%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.76−0.073%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h803.10−0.031%$1.2M$923K20xas long as short
Bybit BNBUSDT+0.0100%8h802.65−0.087%$139.0M$83.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.90−0.056%$55.0M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h803.50+0.019%$52K$191K10xas long as short
Gate BNB_USDT+0.0100%8h802.80−0.068%$35.9M$58.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.98−0.046%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h802.72−0.078%$79.0M$24.6M75xas long as short
edgeX BNBUSDC+0.0100%4h804.47+0.140%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.95+0.075%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.20−0.018%$118K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.05−0.037%$388K$595K50xas long as short
Derive BNB-PERP+0.0100%1h803.26−0.011%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.97+0.077%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h803.10−0.031%$395K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h803.57+0.028%$1.6M$162K25xas long as short
HTX BNB-USDT+0.0100%8h803.03−0.040%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.76+0.052%$78K$19K50xas long as short
MEXC BNB_USDT+0.0102%8h804.10+0.094%$84.3M$13.5M200xas long as short
Binance BNBUSDT+0.0102%8h803.70+0.044%$518.4M$807.4M75xas long as short
Extended BNB-USD+0.0104%1h802.62−0.090%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h803.04−0.038%$386K$40K10xas long as short
Phemex BNBUSDT+0.0121%8h803.66+0.039%$70.1M$51.9M50xas long as short
Phoenix BNB+0.0125%1h805.11+0.220%$173K$35K10xas long as short
Bulk BNB-USD+0.0140%1h805.09+0.216%$650K$11K10xas long as short
dYdX BNB-USD+0.0172%1h803.01−0.042%$170K$55K10xas long as short
Hyperliquid BNB+0.0189%1h803.72+0.047%$51.6M$21.3M10xas long as short
RISEx BNB/USDC+0.0209%1h803.67+0.040%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0222%8h803.74+0.049%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.12−0.029%$71K$48K12xas long as short
01 Exchange BNBUSD+0.0328%1h804.35+0.125%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0335%1h803.06−0.036%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.196%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0666%1h804.22+0.109%$3.0M$5.3M40xas long as short