Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.016%

Price spread now: Variational Omni against Aevo−0.029%7-day average −0.046% · you buy dearer than you sell

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.029%, 7d avg −0.046%

Together, before fees+0.006%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	789.23	0.0104	pay 0.0013% / 1h	23m 38s	$379K	$110K	10x
Short	Variational Omni BNB	789.00	0.0100	get 0.0100% / 8h	4h 23m	$4.1M	$4.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now −0.029%Rate

Funding earned: −$0.84
Price spread: −0.029% → −0.046%: $1.75
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 35 min ago; Variational Omni: RFQ quote, 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 Aevo live order book, 35 min ago	2.84 bp	13.5 bp −$14	19.4 bp −$194	23.9 bp −$2,391	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.34 bp	doesn't fit	6.8 bp −$68	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 −0.0187% / S +0.0351%	1h	789.27	+0.005%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.89	+0.083%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.60	+0.047%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.29	+0.008%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.009%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.90	+0.085%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0052%	8h	789.58	+0.044%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	789.94	+0.090%	$69.1M	$49.9M	50x	as long as short
MEXC BNB_USDT	+0.0064%	8h	790.20	+0.123%	$80.2M	$12.4M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.028%	$582K	$1.9M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0064%	8h	789.72	+0.062%	$493.2M	$790.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	789.48	+0.031%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.36	+0.016%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.45	+0.028%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.91	+0.086%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.57	+0.043%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	−0.004%	$138.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.10	−0.017%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.40	+0.021%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.20	−0.004%	$35.5M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.22	−0.001%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.95	−0.036%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.72	+0.062%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBshort	+0.0100%	8h	789.00	−0.029%	$4.1M	$4.6M	—
edgeX BNBUSDC	+0.0100%	4h	790.13	+0.113%	$4.1M	$73.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.94	+0.090%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.19	−0.005%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.43	+0.025%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.96	+0.093%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	+0.034%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.38	+0.019%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.82	+0.074%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.89	−0.043%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	789.23	long leg	$379K	$110K	10x
Phoenix BNB	+0.0117%	1h	791.77	+0.322%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0131%	1h	789.35	+0.015%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	790.08	+0.108%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	790.10	+0.110%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	790.17	+0.119%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.114%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.94	+0.090%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.28	+0.006%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.76	+0.067%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.05	−0.023%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	789.56	+0.042%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.48	+0.031%	$1.1M	$967K	20x	as long as short