Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: Variational Omni against Arcus−0.063%7-day average −0.119% · you buy dearer than you sell

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.129%−$13 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.063%, 7d avg −0.119%

Together, before fees−0.313%+ Points / potential airdropVariational Omni: Active · farm board−$31 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: Variational Omni is 0.057% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	789.50	0.0100	pay 0.0013% / 1h	22m 35s	$52K	$130K	10x
Short	Variational Omni BNB	789.00	0.0100	get 0.0100% / 8h	4h 22m	$4.1M	$4.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. 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 ArcusbpFee Variational OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.119%: $5.66
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.16
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 35 min ago; Variational Omni: RFQ quote, 2 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 Arcus live order book, 35 min ago	3.16 bp	9.0 bp −$9	29.7 bp −$297	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 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	789.21	−0.037%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.67	+0.022%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.60	+0.013%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.19	−0.039%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.975%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	789.77	+0.034%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0053%	8h	789.44	−0.008%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	789.94	+0.056%	$69.1M	$49.9M	50x	as long as short
Binance BNBUSDT	+0.0064%	8h	789.96	+0.058%	$492.9M	$790.2M	75x	as long as short
MEXC BNB_USDT	+0.0064%	8h	790.00	+0.063%	$80.2M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.006%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.28	−0.028%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.25	−0.032%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.25	−0.032%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.71	+0.027%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.49	−0.001%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	−0.038%	$138.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.10	−0.051%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	789.50	long leg	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	789.35	−0.019%	$35.5M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.30	−0.025%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.98	−0.066%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.66	+0.020%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBshort	+0.0100%	8h	789.00	−0.063%	$4.1M	$4.6M	—
edgeX BNBUSDC	+0.0100%	4h	789.89	+0.049%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.13	+0.080%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.05	−0.057%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.38	−0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.70	+0.025%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.40	−0.013%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.38	−0.015%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.94	+0.056%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.05	−0.057%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.26	−0.030%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.73	+0.029%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0130%	1h	789.35	−0.019%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	790.08	+0.073%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.80	+0.038%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0184%	8h	789.74	+0.030%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.080%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.96	+0.058%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.10	−0.050%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.68	+0.023%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.95	−0.070%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	789.56	+0.008%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.63	+0.017%	$1.1M	$967K	20x	as long as short