Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.044%

Price spread now: Variational Omni against RISEx+0.021%7-day average −0.036% · you sell dearer than you buy

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.187%−$19 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.021%, 7d avg −0.036%

Together, before fees−0.288%+ Points / potential airdropVariational Omni: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.057% dearer against RISEx than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.036%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	788.25	0.0432	pay 0.0054% / 1h	1m 52s	$1.1M	$910K	20x
Short	Variational Omni BNB	788.41	0.0100	get 0.0100% / 8h	2h 01m	$4.0M	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 RISExbpFee Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: −$69.8
Price spread: +0.021% → −0.036%: $5.72
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$70.08
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: 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 RISEx live order book, 2 min ago	0.82 bp	3.8 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.34 bp	doesn't fit	6.4 bp −$64	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	787.82	−0.054%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.88	+0.081%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.101%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.87	−0.048%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.137%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	788.59	+0.044%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0053%	8h	788.09	−0.020%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0065%	8h	788.54	+0.037%	$69.0M	$50.9M	50x	as long as short
Binance BNBUSDT	+0.0067%	8h	788.59	+0.044%	$490.9M	$816.5M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	788.90	+0.083%	$81.0M	$12.1M	200x	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	787.82	−0.053%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.017%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.14	−0.013%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.88	−0.046%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.85	−0.050%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.66	+0.053%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.20	−0.006%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.95	−0.037%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	−0.044%	$53.6M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	−0.006%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.00	−0.031%	$36.9M	$59.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.68	−0.072%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.64	−0.077%	$76.2M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.30	+0.007%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBshort	+0.0100%	8h	788.41	+0.021%	$4.0M	$4.8M	—
edgeX BNBUSDC	+0.0100%	4h	789.04	+0.101%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.84	+0.075%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.86	−0.049%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.08	−0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.48	+0.030%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.14	−0.013%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.21	−0.005%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.62	−0.080%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.98	−0.033%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.92	+0.086%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0110%	1h	788.00	−0.031%	$387K	$988K	10x	as long as short
dYdX BNB-USD	+0.0129%	1h	787.75	−0.062%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0145%	8h	788.40	+0.020%	$164K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	788.60	+0.045%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	788.87	+0.079%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.35	+0.013%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	788.60	+0.045%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	787.78	−0.059%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.041%	$639K	$4K	10x	as long as short
RISEx BNB/USDClong	+0.0432%	1h	788.25	long leg	$1.1M	$910K	20x
Hibachi BNB/USDT-P	+0.0560%	1h	788.28	+0.005%	$67K	$39K	12x	as long as short