Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0150%/8h= +16.5% APRpaid last 24h +0.031%

Price spread now: RISEx against Variational Omni+0.038%7-day average +0.036% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.167%+$17 on $10k

Price spread, last 7 days+0.041%+$4 · spread now +0.038%, 7d avg +0.036%

Together, before fees+0.209%+ Points / potential airdropVariational Omni: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$5 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	798.43	0.0005	pay 0.0005% / 8h	7h 12m	$4.1M	$5.0M	—
Short	RISEx BNB/USDC	798.73	0.0155	get 0.0019% / 1h	12m 39s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.038%Rate

Funding earned: $31.57
Price spread: +0.038% → +0.036%: $0.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $25.77
Costs to cover: 0.060%
Break-even: 1.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; RISEx: live order book, 1 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, 2 min ago	3.33 bp	doesn't fit	5.9 bp −$59	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.38 bp	3.4 bp −$3	8.4 bp −$84	doesn't fit	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 −0.0159% / S +0.0335%	1h	799.02	+0.075%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.95	+0.065%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.06	+0.079%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.73	+0.163%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.28	+0.232%	$865K	$2.9M	30x	as long as short
Gate BNB_USDT	+0.0004%	8h	798.45	+0.003%	$35.9M	$56.9M	75x	as long as short
Variational Omni BNBlong	+0.0005%	8h	798.43	long leg	$4.1M	$5.0M	—
BingX BNB-USDC	+0.0007%	8h	798.94	+0.064%	—	$13.3M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.11	+0.086%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.835%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0040%	8h	799.58	+0.145%	$69.8M	$50.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.081%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	799.34	+0.114%	$6.1M	$19.4M	200x	as long as short
Bybit BNBUSDT	+0.0061%	8h	798.53	+0.013%	$138.6M	$76.1M	75x	as long as short
MEXC BNB_USDT	+0.0074%	8h	799.60	+0.147%	$83.1M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0074%	8h	799.30	+0.109%	$496.5M	$811.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.00	+0.072%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	800.04	+0.202%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.15	+0.091%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.07	+0.080%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.60	+0.022%	$54.2M	$110.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.90	+0.059%	$53K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.72	+0.037%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.37	−0.007%	$78.2M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.52	+0.137%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	+0.118%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.92	+0.062%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.16	+0.092%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.21	+0.099%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.67	+0.155%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.10	+0.084%	$393K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.64	+0.026%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.39	+0.120%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.47	+0.006%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.12	+0.087%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.078%	$648K	$10K	10x	as long as short
RISEx BNB/USDCshort	+0.0155%	1h	798.73	+0.038%	$1.1M	$1.4M	20x
Kalshi KXBNBPERP	+0.0161%	8h	799.60	+0.147%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0191%	1h	799.16	+0.092%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0194%	8h	799.67	+0.156%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.04	+0.077%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0291%	1h	799.69	+0.158%	$53.2M	$20.3M	10x	as long as short
Hibachi BNB/USDT-P	+0.0296%	1h	799.40	+0.122%	$68K	$38K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.53	+0.138%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.71	+0.035%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0429%	1h	799.68	+0.157%	$2.7M	$5.7M	40x	as long as short