Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: StandX against Variational Omni+0.095%7-day average +0.122% · you sell dearer than you buy

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

Long on Variational Omni Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 7 days+0.034%+$3 · spread now +0.095%, 7d avg +0.122%

Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · StandX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and StandX is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.122%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	791.90	0.0100	pay 0.0100% / 8h	5h 15m	$4.1M	$4.6M	—
Short	StandX BNB-USD	792.65	0	get 0.0000% / 1h	15m 32s	$857K	$3.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$21
Price spread: +0.095% → +0.122%: −$2.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$31.66
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; StandX: 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, 4 min ago	3.34 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell StandX live order book, 3 min ago	4.23 bp	11.0 bp −$11	13.4 bp −$134	53.9 bp −$5,390	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 −0.0167% / S +0.0335%	1h	792.11	+0.027%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	792.36	+0.059%	$4K	$239	25x	as long as short
StandX BNB-USDshort	0.0000%	1h	792.65	+0.095%	$857K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.10	+0.026%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.666%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	+0.017%	$615K	$1.8M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	792.02	+0.016%	$6.2M	$18.7M	200x	as long as short
Phemex BNBUSDT	+0.0053%	8h	792.68	+0.099%	$69.4M	$50.6M	50x	as long as short
BingX BNB-USDT	+0.0061%	8h	791.60	−0.037%	—	$34.3M	—	as long as short
Binance BNBUSDT	+0.0075%	8h	791.97	+0.010%	$494.8M	$792.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0075%	8h	792.40	+0.064%	$80.5M	$12.5M	200x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.99	+0.012%	$2.6M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	791.63	−0.034%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.23	+0.042%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.30	−0.075%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.08	+0.023%	$52.0M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.75	−0.018%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.40	−0.063%	$139.3M	$77.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.40	−0.063%	$53.7M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.70	−0.025%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	791.40	−0.063%	$35.4M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.33	−0.071%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.18	−0.090%	$77.0M	$29.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	792.29	+0.050%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	791.90	long leg	$4.1M	$4.6M	—
edgeX BNBUSDC	+0.0100%	4h	792.20	+0.038%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	792.06	+0.021%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.36	−0.068%	$134K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.40	+0.063%	$32K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.43	+0.068%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.30	+0.051%	$390K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.04	+0.018%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.15	+0.032%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.09	−0.102%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.15	+0.032%	$381K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	792.24	+0.043%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	792.50	+0.076%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0187%	8h	792.40	+0.064%	$83K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	792.46	+0.071%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0210%	1h	791.84	−0.007%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	791.89	−0.001%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.69	+0.100%	$1.6M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.19	−0.089%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	791.80	−0.012%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0403%	1h	790.49	−0.177%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	792.14	+0.030%	$68K	$38K	12x	as long as short