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Price arb /

BNB

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Spread before costs (cost unknown: a leg has no order-book sample)−0.361%
7d average−0.118%if it closes, per $10,000$36funding while held, a day−$2.28
Long on BinanceShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNBUSDT796.770.0107pay 0.0107% / 8h6h 35m$514.3M$810.8M75x
ShortVariational Omni BNB793.890.0030get 0.0030% / 8h6h 35m$4.0M$6.4M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$36.1
Funding while held
−$2.28
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$48.38
Spread needed to break even
0.100%
Slippage unknown: Binance: live order book, 10 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0076%
Per $10,000 a day
−$2.28
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago0.06 bp5.1 bp −$56.1 bp −$6113.4 bp −$1,343doesn't fit
Sell Variational Omni RFQ quote, 5 min ago3.34 bpdoesn't fit6.5 bp −$65doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni793.89cheapest
Nado794.85+0.120%Reya795.07+0.149%Phoenix795.12+0.154%ApeX Omni795.17+0.161%Polymarket Perps795.24+0.170%HTX795.35+0.184%gTrade (Gains Network)795.49+0.201%Hotstuff795.58+0.212%GMX795.59+0.214%edgeX795.62+0.217%Derive795.67+0.223%SunX795.74+0.233%Bybit795.78+0.238%KuCoin795.80+0.240%Hibachi795.86+0.247%Aevo795.88+0.250%SoDEX795.90+0.253%Kalshi795.90+0.253%Orderly795.93+0.256%Bitget795.94+0.258%Extended795.96+0.260%Kraken Futures795.98+0.263%OKX796.00+0.265%Gate796.00+0.265%BingX796.10+0.278%BloFin796.12+0.280%dYdX796.15+0.284%Lighter796.24+0.295%Coinbase International796.24+0.296%Deribit796.24+0.296%Pacifica796.28+0.301%Phemex796.39+0.314%Backpack796.42+0.318%Arcus796.50+0.328%RISEx796.53+0.333%StandX796.55+0.335%Aster796.72+0.356%Bulk796.73+0.358%
Binance796.77+0.362%
Hyperliquid796.93+0.382%Paradex796.95+0.385%01 Exchange797.13+0.408%MEXC797.50+0.454%Injective798.65+0.599%

BNB on 45 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni BNBshort−0.361%+0.0030%8h$4.0M$6.4M—
Nado BNB-PERP−0.241%+0.0100%1h$1.5M$2.8M20xas long as short
Reya BNBRUSDPERP−0.213%+0.0330%1h$9K—40xas long as short
Phoenix BNB−0.207%+0.0130%1h$169K$30K10xas long as short
ApeX Omni BNBUSDT−0.201%+0.0100%1h$157K$437K50xas long as short
Polymarket Perps BNB-USD−0.192%+0.0100%1h$123K$881K10xas long as short
HTX BNB-USDT−0.178%+0.0100%8h$8.1M$6.3M75xas long as short
gTrade (Gains Network) BNB/USD−0.160%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
Hotstuff BNB-PERP−0.149%−0.0080%1h$4K$1K25xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.148%L −0.0190% / S +0.0365%1h$48K—200xas long as short
Show all 45 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BNBUSDC−0.144%+0.0100%4h$4.1M$77.0M30xas long as short
Derive BNB-PERP−0.138%+0.0100%1h$32K$5K10xas long as short
SunX BNB-USDT−0.129%+0.0100%8h$13K$1.8M50xas long as short
Bybit BNBUSDT−0.124%−0.0013%8h$138.4M$91.9M75xas long as short
KuCoin BNBUSDTM−0.122%+0.0100%8h$27.9M$10.6M75xas long as short
Hibachi BNB/USDT-P−0.115%+0.0152%1h$71K$47K12xas long as short
Aevo BNB-PERP−0.112%+0.0104%1h$382K$40K10xas long as short
SoDEX BNB-USD−0.109%+0.0100%1h$391K$1.0M10xas long as short
Kalshi KXBNBPERP−0.109%0.0000%8h$178K$2.8M4.8xas long as short
Orderly PERP_BNB_USDC−0.105%+0.0100%8h$321K$633K50xas long as short
Bitget BNBUSDT−0.104%+0.0100%8h$77.7M$25.3M75xas long as short
Extended BNB-USD−0.102%+0.0104%1h$1.8M$6.5M50xas long as short
Kraken Futures PF_BNBUSD−0.099%−0.0072%1h$2.5M$892K50xas long as short
OKX BNB-USDT-SWAP−0.097%+0.0100%8h$54.6M$116.9M50xas long as short
Gate BNB_USDT−0.097%+0.0100%8h$36.1M$60.3M75xas long as short
BingX BNB-USDC−0.084%+0.0005%8h—$13.2M—as long as short
BloFin BNB-USDT−0.082%+0.0227%8h$19.0M$3.0M75xas long as short
dYdX BNB-USD−0.078%+0.0251%1h$172K$51K10xas long as short
Lighter BNB−0.067%+0.0096%1h$2.6M$3.3M20xas long as short
Coinbase International BNB-PERP-INTX−0.067%+0.0056%1h$597K$922K50xas long as short
Deribit BNB_USDC-PERPETUAL−0.066%+0.0500%1h$1.6M$168K25xas long as short
Pacifica BNB−0.061%+0.0100%1h$1.2M$912K20xas long as short
Phemex BNBUSDT−0.048%+0.0102%8h$69.8M$51.9M50xas long as short
Backpack BNB_USDC_PERP−0.044%+0.0100%1h$2.1M$4.7M40xas long as short
Arcus BNB-USD−0.034%+0.0100%1h$52K$239K10xas long as short
RISEx BNB/USDC−0.029%+0.0119%1h$1.1M$1.5M20xas long as short
StandX BNB-USD−0.028%0.0000%1h$861K$3.3M30xas long as short
Aster BNBUSDT−0.006%+0.0099%8h$6.2M$19.1M200xas long as short
Bulk BNB-USD−0.005%+0.0100%1h$647K$132K10xas long as short
Binance BNBUSDTlong0.000%+0.0107%8h$514.3M$810.8M75x
Hyperliquid BNB+0.020%+0.0374%1h$51.8M$21.7M10xas long as short
Paradex BNB-USD-PERP+0.023%+0.0100%8h$78K$225K50xas long as short
01 Exchange BNBUSD+0.045%+0.0232%1h$28K$1K10xas long as short
MEXC BNB_USDT+0.092%+0.0106%8h$83.7M$16.7M200xas long as short
Injective BNB/USDC PERP+0.236%+0.0033%1h$19K$387K30xas long as short