Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0030%/8hnext payment −$0.30 per $10,000 · paid last 24h −0.006%

Price spread now: Variational Omni against HTX−0.031%7-day average −0.021% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.059%−$6 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.031%, 7d avg −0.021%

Together, before fees−0.016%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	799.19	0.0100	pay 0.0100% / 8h	4h 06m	$8.2M	$7.0M	75x
Short	Variational Omni BNB	798.95	0.0070	get 0.0070% / 8h	4h 06m	$4.1M	$5.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: −$6.31
Price spread: −0.031% → −0.021%: −$0.98
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 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 HTX live order book, 2 min ago	3.29 bp	9.4 bp −$9	11.0 bp −$110	49.0 bp −$4,899	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.33 bp	doesn't fit	6.3 bp −$63	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 −0.0195% / S +0.0371%	1h	799.18	−0.002%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.04	+0.106%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.79	+0.075%	$3.0M	$29.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.091%	$865K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	799.18	−0.001%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.33	+0.142%	$19K	$513K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.07	+0.110%	$601K	$900K	50x	as long as short
Variational Omni BNBshort	+0.0070%	8h	798.95	−0.031%	$4.1M	$5.5M	—
BingX BNB-USDT	+0.0078%	8h	799.19	0.000%	—	$33.8M	—	as long as short
Aster BNBUSDT	+0.0090%	8h	799.76	+0.071%	$6.3M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	799.49	+0.037%	$2.9M	$3.9M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.40	+0.151%	$83.9M	$15.2M	200x	as long as short
Binance BNBUSDT	+0.0097%	8h	799.60	+0.050%	$516.2M	$802.6M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.83	−0.045%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.47	+0.035%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	798.70	−0.062%	$138.2M	$86.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	−0.049%	$54.9M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.30	+0.013%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.75	−0.055%	$35.8M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.91	−0.035%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.73	−0.058%	$78.3M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.11	+0.114%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.09	+0.112%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.18	−0.002%	$120K	$881K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.21	+0.002%	$386K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.26	+0.009%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.86	+0.083%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.20	+0.001%	$393K	$1.0M	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	799.19	long leg	$8.2M	$7.0M	75x
Bulk BNB-USD	+0.0100%	1h	799.93	+0.092%	$649K	$3K	10x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.79	+0.075%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0101%	8h	799.90	+0.088%	$107K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	798.77	−0.053%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.25	+0.007%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	799.69	+0.062%	$69.9M	$51.7M	50x	as long as short
Phoenix BNB	+0.0151%	1h	799.88	+0.086%	$172K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	799.42	+0.029%	$1.1M	$1.5M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	799.13	−0.008%	$2.5M	$914K	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.60	+0.050%	$1.6M	$159K	25x	as long as short
BloFin BNB-USDT	+0.0218%	8h	800.22	+0.129%	$18.9M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0224%	1h	799.82	+0.079%	$51.3M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	799.89	+0.087%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0312%	1h	799.93	+0.092%	$70K	$47K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	798.82	−0.047%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0364%	1h	799.53	+0.042%	$169K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0689%	1h	800.18	+0.123%	$3.0M	$5.3M	40x	as long as short