Funding arb · Price arb /

BNB

all BNB markets

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: SunX against Variational Omni−0.012%45s7-day average +0.110% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.012%, 7d avg +0.110%

Together, before fees−0.149%+ Points / potential airdropVariational Omni: Active · farm board−$15 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: SunX is 0.122% cheaper against Variational Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.110%. The two prices were read 45 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	785.32	0.0100	pay 0.0100% / 8h	7h 32m	$4.3M	$4.9M	—
Short	SunX BNB-USDT	785.23	0.0100	get 0.0100% / 8h	7h 32m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.110%: −$12.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.16
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SunX: live order book, 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 Variational Omni RFQ quote, 2 min ago	3.34 bp	doesn't fit	5.3 bp −$53	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	15.07 bp	23.6 bp −$24	30.7 bp −$307	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 −0.0166% / S +0.0337%	1h	784.67	−0.083%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.08	−0.031%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.95	−0.047%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.06	+0.094%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	785.43	+0.014%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.79	−0.067%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0021%	8h	785.16	−0.020%	$5.9M	$18.4M	200x	as long as short
BingX BNB-USDT	+0.0032%	8h	784.83	−0.062%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.517%	$19K	$789K	30x	as long as short
Binance BNBUSDT	+0.0038%	8h	785.03	−0.037%	$487.9M	$809.4M	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	+0.0038%	8h	786.30	+0.125%	$82.3M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	784.89	−0.055%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.55	−0.098%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.47	+0.019%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.97	−0.045%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.30	−0.130%	$138.1M	$73.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.30	−0.130%	$53.3M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.90	−0.054%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.80	−0.066%	$39.3M	$55.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.59	−0.093%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.27	−0.134%	$75.2M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.50	+0.023%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	785.32	long leg	$4.3M	$4.9M	—
edgeX BNBUSDC	+0.0100%	4h	785.91	+0.075%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.17	+0.108%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.85	−0.060%	$131K	$924K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.72	−0.076%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	+0.040%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	785.23	−0.012%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	784.90	−0.054%	$386K	$942K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.51	−0.103%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.28	−0.006%	$78K	$27K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.25	−0.137%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.73	−0.075%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0111%	8h	785.70	+0.048%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.056%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.84	+0.066%	$158K	$38K	10x	as long as short
dYdX BNB-USD	+0.0148%	1h	784.84	−0.061%	$157K	$65K	10x	as long as short
BloFin BNB-USDT	+0.0153%	8h	785.36	+0.005%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.13	−0.024%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	+0.083%	$637K	$831	10x	as long as short
Phemex BNBUSDT	+0.0229%	8h	785.55	+0.029%	$68.4M	$51.0M	50x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	785.18	−0.018%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	785.01	−0.040%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.95	−0.048%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	785.69	+0.048%	$67K	$39K	12x	as long as short