Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Variational Omni against Pacifica−0.073%7-day average −0.079% · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.075%−$7 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.073%, 7d avg −0.079%

Together, before fees−0.067%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	786.90	0.0100	pay 0.0013% / 1h	15m 09s	$1.2M	$933K	20x
Short	Variational Omni BNB	786.32	0.0100	get 0.0100% / 8h	2h 15m	$4.0M	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.079%: $0.56
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.44
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Pacifica live order book, 4 min ago	1.78 bp	7.0 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.34 bp	doesn't fit	7.8 bp −$78	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 −0.0192% / S +0.0356%	1h	786.35	−0.070%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.95	+0.007%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.28	+0.049%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.47	−0.054%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.312%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	787.18	+0.036%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0045%	8h	786.97	+0.009%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0058%	8h	787.23	+0.042%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	787.60	+0.089%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	787.34	+0.057%	$490.5M	$812.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.57	−0.041%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.133%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.78	−0.015%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.55	−0.044%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.45	−0.057%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.39	+0.063%	$51.5M	$17.6M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	786.90	long leg	$1.2M	$933K	20x
Bybit BNBUSDT	+0.0100%	8h	786.62	−0.035%	$138.2M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.038%	$53.5M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.012%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	−0.031%	$36.7M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.32	−0.073%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.41	−0.062%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.07	+0.022%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBshort	+0.0100%	8h	786.32	−0.073%	$4.0M	$4.8M	—
edgeX BNBUSDC	+0.0100%	4h	786.93	+0.004%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.09	+0.025%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.39	−0.064%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.70	−0.025%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.22	+0.041%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.44	−0.058%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.96	+0.007%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.24	−0.083%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.67	−0.029%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.99	+0.012%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0130%	1h	786.70	−0.025%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	786.90	0.000%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0158%	1h	786.37	−0.067%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0183%	8h	787.25	+0.045%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	787.48	+0.074%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.02	+0.015%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	787.28	+0.049%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.31	−0.075%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.191%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.89	−0.001%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.82	−0.010%	$67K	$39K	12x	as long as short