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: ApeX Omni against Variational Omni+0.124%88s7-day average +0.099% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX 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 4 days (all we have)−0.005%−$1 · spread now +0.124%, 7d avg +0.099%

Together, before fees+0.069%+ Points / potential airdropVariational Omni: Active · farm board+$7 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: ApeX Omni is 0.025% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.099%. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	784.13	0.0100	pay 0.0100% / 8h	2h 29m	$4.0M	$4.8M	—
Short	ApeX Omni BNBUSDT	785.10	0.0100	get 0.0013% / 1h	29m 58s	$158K	$439K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → +0.099%: $2.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; ApeX Omni: live order book, 18 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 Variational Omni RFQ quote, 4 min ago	3.34 bp	doesn't fit	5.2 bp −$52	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	5.15 bp	10.4 bp −$10	31.9 bp −$319	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	784.59	+0.059%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.20	+0.137%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.03	+0.115%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.68	+0.070%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	785.27	+0.145%	$6.1M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.673%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	784.55	+0.054%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	785.30	+0.149%	$68.7M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.60	+0.188%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.41	+0.164%	$489.2M	$809.5M	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	784.70	+0.073%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.32	+0.024%	$577K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.94	+0.104%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.73	+0.077%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.55	+0.054%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.24	+0.142%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.89	+0.097%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.62	+0.063%	$137.9M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	+0.060%	$53.3M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	+0.086%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.75	+0.079%	$36.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.35	+0.028%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.36	+0.030%	$75.9M	$30.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.18	+0.134%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	784.13	long leg	$4.0M	$4.8M	—
edgeX BNBUSDC	+0.0100%	4h	785.38	+0.159%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	785.10	+0.124%	$158K	$439K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	784.63	+0.064%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.87	+0.094%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.53	+0.179%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.80	+0.086%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.36	+0.030%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.97	+0.108%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.39	+0.033%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.97	+0.107%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.73	+0.204%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0127%	1h	784.34	+0.027%	$159K	$61K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	785.00	+0.111%	$147K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	784.93	+0.102%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	785.51	+0.176%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.44	+0.167%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.199%	$637K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.56	+0.055%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	785.19	+0.136%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.99	+0.110%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	785.21	+0.138%	$67K	$39K	12x	as long as short