Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Bitget against Variational Omni−0.182%7-day average −0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 7 days+0.170%+$17 · spread now −0.182%, 7d avg −0.011%

Together, before fees+0.234%+ Points / potential airdropVariational Omni: Active · farm board+$23 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: Bitget is 0.171% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	788.74	0.0100	pay 0.0100% / 8h	7h 12m	$4.3M	$5.0M	—
Short	Bitget BNBUSDT	787.30	0.0100	get 0.0100% / 8h	7h 12m	$75.7M	$32.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.182%Rate

Funding earned: $0
Price spread: −0.182% → −0.011%: −$17.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bitget: live order book, 1 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, 1 min ago	3.34 bp	doesn't fit	6.4 bp −$64	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.06 bp	7.0 bp −$7	9.2 bp −$92	19.4 bp −$1,937	doesn't fit

BNB on 45 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 −0.0166% / S +0.0336%	1h	787.50	−0.156%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.29	−0.056%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.48	−0.159%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.94	+0.026%	$3.0M	$26.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	789.58	+0.107%	$851K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.57	−0.147%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0016%	8h	788.10	−0.081%	$6.0M	$17.9M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.92	−0.103%	—	$22.0M	—	as long as short
MEXC BNB_USDT	+0.0033%	8h	789.40	+0.084%	$82.9M	$12.4M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.073%	$19K	$789K	30x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0034%	8h	788.20	−0.068%	$488.5M	$799.3M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.65	−0.138%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.60	−0.144%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.39	−0.044%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.07	−0.085%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.63	−0.140%	$138.9M	$71.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.70	−0.131%	$53.6M	$108.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.106%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.75	−0.125%	$39.8M	$56.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.38	−0.172%	$27.8M	$9.7M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	787.30	−0.182%	$75.7M	$32.4M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	788.09	−0.082%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	788.74	long leg	$4.3M	$5.0M	—
edgeX BNBUSDC	+0.0100%	4h	789.02	+0.036%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.03	+0.037%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.44	−0.164%	$130K	$919K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	−0.159%	$265K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.18	−0.070%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.70	−0.131%	$387K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.74	−0.126%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.07	−0.085%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.35	−0.176%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.51	−0.155%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0108%	8h	788.20	−0.068%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.70	−0.005%	$551K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	789.48	+0.094%	$159K	$38K	10x	as long as short
Phemex BNBUSDT	+0.0129%	8h	788.34	−0.050%	$68.6M	$51.3M	50x	as long as short
BloFin BNB-USDT	+0.0135%	8h	788.23	−0.064%	$17.8M	$2.3M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	−0.061%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.91	−0.105%	$1.5M	$138K	25x	as long as short
dYdX BNB-USD	+0.0203%	1h	788.19	−0.070%	$158K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	788.22	−0.065%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	787.35	−0.176%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.05	−0.087%	$1.1M	$890K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	789.02	+0.035%	$68K	$39K	12x	as long as short