Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.1% APRpaid last 24h +0.013%
Price spread now: Variational Omni against gTrade (Gains Network)+0.097%7-day average −0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.022%+$2 on $10k
Price spread, last 7 days−0.135%−$14 · spread now +0.097%, 7d avg −0.014%
Together, before fees−0.114%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.111% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD783.37L +0.0007% / S −0.0007%pay 0.0001% / 1h27m 13s$9.4M150x
ShortVariational Omni BNB784.130.0100get 0.0100% / 8h2h 27m$4.0M$4.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). 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

Funding earned
$19.43
Price spread: +0.097% → −0.014%
$11.11
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$20.54
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 2 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell Variational Omni RFQ quote, 2 min ago3.35 bpdoesn't fit6.8 bp −$68doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h783.15−0.028%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h784.20+0.106%$4K$4225xas long as short
StandX BNB-USD0.0000%1h784.86+0.190%$846K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0007% / S −0.0007%1h783.37long leg$9.4M150x
Aster BNBUSDT+0.0031%8h784.16+0.100%$6.0M$18.9M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.773%$19K$789K30xas long as short
BingX BNB-USDT+0.0042%8h783.51+0.018%$22.1Mas long as short
Phemex BNBUSDT+0.0054%8h784.04+0.086%$68.6M$50.5M50xas long as short
MEXC BNB_USDT+0.0054%8h784.50+0.144%$79.5M$11.9M200xas long as short
Binance BNBUSDT+0.0054%8h784.18+0.103%$488.5M$810.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h783.56+0.025%$2.5M$1.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h783.79+0.054%$567K$1.9M50xas long as short
Lighter BNB+0.0096%1h783.69+0.041%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h783.43+0.008%$264K$489K50xas long as short
Nado BNB-PERP+0.0100%1h783.75+0.049%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h784.38+0.129%$51.3M$17.6M10xas long as short
Pacifica BNB+0.0100%1h784.19+0.105%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h783.50+0.017%$137.7M$74.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h783.40+0.004%$53.3M$112.1M50xas long as short
Arcus BNB-USD+0.0100%1h784.10+0.093%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h783.40+0.004%$36.3M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h783.32−0.006%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h783.06−0.040%$75.8M$30.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h784.46+0.139%$2.2M$6.1M40xas long as short
Variational Omni BNBshort+0.0100%8h784.13+0.097%$4.0M$4.8M
edgeX BNBUSDC+0.0100%4h785.32+0.249%$4.1M$75.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.72+0.300%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h783.67+0.038%$131K$954K10xas long as short
Derive BNB-PERP+0.0100%1h783.49+0.015%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h784.54+0.149%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h783.60+0.029%$385K$994K10xas long as short
HTX BNB-USDT+0.0100%8h783.45+0.010%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h784.22+0.109%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h783.03−0.043%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h783.73+0.046%$376K$110K10xas long as short
Phoenix BNB+0.0107%1h785.13+0.225%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0146%8h784.20+0.106%$154K$2.7M4.8xas long as short
dYdX BNB-USD+0.0162%1h784.37+0.127%$159K$61K10xas long as short
BloFin BNB-USDT+0.0174%8h784.07+0.089%$17.6M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0208%8h785.52+0.274%$2.9M$29.3M10xas long as short
01 Exchange BNBUSD+0.0296%1h784.54+0.149%$28K$4K10xas long as short
Bulk BNB-USD+0.0298%1h785.69+0.296%$637K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h783.88+0.065%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0323%1h783.31−0.007%$6K$3K40xas long as short
RISEx BNB/USDC+0.0432%1h784.18+0.103%$1.1M$909K20xas long as short
Hibachi BNB/USDT-P+0.0504%1h784.29+0.118%$67K$39K12xas long as short