Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Variational Omni against Nado−0.032%7-day average −0.025% · you buy dearer than you sell

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.032%, 7d avg −0.025%

Together, before fees−0.082%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	789.55	0.0100	pay 0.0012% / 1h	5m 58s	$1.5M	$2.6M	20x
Short	Variational Omni BNB	789.30	0.0100	get 0.0100% / 8h	5h 05m	$4.1M	$4.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. 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 NadobpFee Variational OmnibpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.025%: −$0.7
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.7
Costs to cover: 0.070%
Break-even: 790843219450272.8 days

Slippage unknown: Nado: live order book, 3 min ago; Variational Omni: RFQ quote, 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 Nado live order book, 3 min ago	0.06 bp	3.8 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.34 bp	doesn't fit	8.0 bp −$80	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 −0.0167% / S +0.0335%	1h	789.68	+0.016%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.22	+0.085%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.23	+0.213%	$855K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.67	+0.016%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.968%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	790.21	+0.084%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.68	+0.396%	$592K	$1.9M	50x	as long as short
BingX BNB-USDT	+0.0058%	8h	789.86	+0.039%	—	$34.3M	—	as long as short
Phemex BNBUSDT	+0.0059%	8h	790.42	+0.110%	$69.2M	$50.3M	50x	as long as short
Binance BNBUSDT	+0.0071%	8h	790.31	+0.096%	$493.6M	$791.7M	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	+0.0071%	8h	790.60	+0.133%	$80.3M	$12.5M	200x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.97	+0.053%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.93	+0.048%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.82	+0.034%	$266K	$498K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	789.55	long leg	$1.5M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	790.41	+0.109%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.16	+0.077%	$1.2M	$914K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.50	−0.006%	$138.9M	$76.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.40	−0.019%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.20	+0.082%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.50	−0.006%	$35.4M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.49	−0.008%	$27.6M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.30	−0.032%	$76.5M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.39	+0.106%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBshort	+0.0100%	8h	789.30	−0.032%	$4.1M	$4.6M	—
edgeX BNBUSDC	+0.0100%	4h	791.80	+0.285%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.37	+0.231%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.58	+0.004%	$133K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.91	+0.045%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.41	+0.109%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.90	+0.044%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.81	+0.032%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	790.55	+0.126%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.24	−0.039%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.72	+0.021%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.64	+0.265%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0141%	8h	791.87	+0.294%	$2.9M	$27.9M	10x	as long as short
dYdX BNB-USD	+0.0185%	1h	790.35	+0.101%	$160K	$63K	10x	as long as short
Kalshi KXBNBPERP	+0.0185%	8h	790.70	+0.146%	$104K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0191%	8h	791.02	+0.186%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	790.24	+0.087%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.21	+0.084%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.29	−0.033%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	790.09	+0.069%	$1.1M	$979K	20x	as long as short
Bulk BNB-USD	+0.0366%	1h	792.18	+0.334%	$641K	$9K	10x	as long as short
Hibachi BNB/USDT-P	+0.0576%	1h	790.63	+0.137%	$68K	$38K	12x	as long as short