Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.015%

Price spread now: Pacifica against Variational Omni+0.096%7-day average +0.079% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.096%, 7d avg +0.079%

Together, before fees+0.046%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.079%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	792.33	0.0021	pay 0.0021% / 8h	6h 33m	$4.0M	$4.9M	—
Short	Pacifica BNB	793.08	0.0100	get 0.0013% / 1h	33m 39s	$1.2M	$926K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.096%Rate

Funding earned: $16.54
Price spread: +0.096% → +0.079%: $1.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $10.23
Costs to cover: 0.080%
Break-even: 2.7 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Pacifica: live order book, just now. 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, 1 min ago	3.34 bp	doesn't fit	5.4 bp −$54	doesn't fit	doesn't fit
Sell Pacifica live order book, just now	1.32 bp	6.5 bp −$6	9.3 bp −$93	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	793.51	+0.149%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.59	+0.159%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.21	+0.238%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.47	+0.144%	$857K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.59	+0.160%	$9.7M	—	150x	as long as short
Gate BNB_USDT	+0.0015%	8h	792.60	+0.034%	$35.3M	$55.8M	75x	as long as short
Variational Omni BNBlong	+0.0021%	8h	792.33	long leg	$4.0M	$4.9M	—
GRVT BNB_USDT_Perp	+0.0030%	8h	792.17	−0.020%	$2.9M	$28.5M	10x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.611%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	793.76	+0.181%	$6.1M	$19.8M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0046%	8h	794.23	+0.240%	$69.4M	$50.5M	50x	as long as short
BingX BNB-USDC	+0.0049%	8h	792.83	+0.063%	—	$13.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.146%	$607K	$1.1M	50x	as long as short
dYdX BNB-USD	+0.0059%	1h	793.27	+0.119%	$160K	$63K	10x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.60	+0.161%	$82.3M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	793.17	+0.106%	$493.5M	$813.5M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.22	−0.014%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.11	+0.099%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.53	+0.152%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.20	+0.110%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	793.59	+0.159%	$52.0M	$19.8M	10x	as long as short
Pacifica BNBshort	+0.0100%	1h	793.08	+0.096%	$1.2M	$926K	20x
Bybit BNBUSDT	+0.0100%	8h	792.70	+0.047%	$138.3M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.50	+0.022%	$53.1M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.00	+0.085%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.71	+0.048%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.53	+0.026%	$77.2M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.22	+0.112%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	792.25	−0.010%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.47	+0.144%	$111K	$888K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.76	+0.180%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.47	+0.144%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.80	+0.186%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.65	+0.040%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.29	+0.122%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.29	−0.005%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.70	+0.173%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	792.88	+0.070%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERP	+0.0163%	8h	793.80	+0.186%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	+0.034%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	793.18	+0.108%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.21	+0.111%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0394%	1h	794.57	+0.283%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	794.12	+0.227%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	793.04	+0.091%	$68K	$38K	12x	as long as short