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: HTX against Variational Omni+0.106%7-day average +0.023% · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.106%, 7d avg +0.023%

Together, before fees−0.169%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.083% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	789.11	0.0100	pay 0.0100% / 8h	4h 49m	$4.1M	$4.6M	—
Short	HTX BNB-USDT	789.95	0.0100	get 0.0100% / 8h	4h 49m	$8.1M	$9.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.023%: $8.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$3.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 5 min ago	3.34 bp	doesn't fit	6.3 bp −$63	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.23 bp	10.9 bp −$11	12.7 bp −$127	44.1 bp −$4,413	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 −0.0183% / S +0.0348%	1h	789.31	+0.025%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.46	+0.171%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.15	+0.132%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.29	+0.023%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.025%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.41	+0.038%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0056%	8h	789.01	−0.013%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.194%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.42	+0.039%	$492.5M	$789.4M	75x	as long as short
MEXC BNB_USDT	+0.0068%	8h	789.70	+0.075%	$80.1M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0071%	8h	789.95	+0.106%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.24	+0.016%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.27	+0.020%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.85	−0.033%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.60	+0.062%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.23	+0.015%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.60	−0.065%	$138.7M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−0.065%	$53.3M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.10	−0.002%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.85	−0.033%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.06	−0.007%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.42	−0.088%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.49	+0.048%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	789.11	long leg	$4.1M	$4.6M	—
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.237%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.75	+0.081%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.65	−0.059%	$133K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.37	+0.033%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.90	+0.100%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.40	+0.037%	$388K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	789.95	+0.106%	$8.1M	$9.3M	75x
Paradex BNB-USD-PERP	+0.0101%	8h	789.77	+0.083%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.44	−0.086%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.32	+0.026%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0114%	1h	789.06	−0.007%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.159%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.263%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	790.30	+0.151%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0188%	8h	789.97	+0.109%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.28	+0.021%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.06	−0.006%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.320%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.74	+0.079%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.40	−0.090%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.23	+0.015%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	789.84	+0.093%	$67K	$38K	12x	as long as short