data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

BNB

all BNB markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.166%
7d average−0.118%if it closes, per $10,000$17funding while held, a day−$3.95
Long on PhoenixShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix BNB803.780.0172pay 0.0022% / 1h10m 32s$171K$30K10x
ShortVariational Omni BNB805.110.0041get 0.0041% / 8h10m 32s$4.0M$6.6M—

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
$16.59
Funding while held
−$3.95
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$5.64
Spread needed to break even
0.070%
Slippage unknown: Phoenix: live order book, 36 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0132%
Per $10,000 a day
−$3.95
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 Phoenix live order book, 36 min ago0.99 bp12.4 bp −$1250.9 bp −$509doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 5 min ago3.33 bpdoesn't fit5.7 bp −$57doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective798.65cheapestBitget803.31+0.583%Extended803.34+0.587%Bybit803.41+0.596%OKX803.50+0.607%Polymarket Perps803.66+0.627%
Phoenix803.78+0.642%
KuCoin803.84+0.650%Gate803.95+0.664%Arcus804.00+0.670%Bulk804.03+0.674%RISEx804.08+0.680%Binance804.22+0.698%Paradex804.25+0.701%Pacifica804.32+0.710%ApeX Omni804.35+0.714%01 Exchange804.49+0.731%BingX804.58+0.743%dYdX804.71+0.759%Lighter804.74+0.762%Aster804.84+0.775%Hibachi804.89+0.781%
Variational Omni805.11+0.809%
Nado805.15+0.814%Hotstuff805.24+0.825%Coinbase International805.25+0.826%Reya805.29+0.832%edgeX805.36+0.841%GMX805.48+0.856%Kraken Futures805.50+0.858%gTrade (Gains Network)805.50+0.858%StandX805.58+0.868%MEXC805.60+0.870%SoDEX805.60+0.870%HTX805.66+0.878%Aevo805.69+0.882%Hyperliquid805.88+0.905%Orderly805.90+0.908%Derive805.91+0.909%Deribit805.94+0.913%BloFin806.00+0.920%Phemex806.03+0.924%Backpack806.09+0.932%SunX806.18+0.942%Kalshi806.20+0.945%

BNB on 45 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−0.638%+0.0306%1h$19K$620K30xas long as short
Bitget BNBUSDT−0.058%+0.0100%8h$78.3M$24.5M75xas long as short
Extended BNB-USD−0.055%+0.0104%1h$1.8M$6.5M50xas long as short
Bybit BNBUSDT−0.046%+0.0071%8h$140.0M$91.8M75xas long as short
OKX BNB-USDT-SWAP−0.035%+0.0100%8h$55.1M$113.3M50xas long as short
Polymarket Perps BNB-USD−0.015%+0.0100%1h$112K$867K10xas long as short
Phoenix BNBlong0.000%+0.0172%1h$171K$30K10x
KuCoin BNBUSDTM+0.007%+0.0100%8h$28.2M$10.5M75xas long as short
Gate BNB_USDT+0.021%+0.0100%8h$37.0M$58.1M75xas long as short
Arcus BNB-USD+0.027%+0.0100%1h$52K$243K10xas long as short
Show all 45 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk BNB-USD+0.031%+0.0344%1h$653K$132K10xas long as short
RISEx BNB/USDC+0.037%+0.0202%1h$1.2M$1.5M20xas long as short
Binance BNBUSDT+0.055%+0.0123%8h$523.9M$790.5M75xas long as short
Paradex BNB-USD-PERP+0.058%+0.0100%8h$78K$553K50xas long as short
Pacifica BNB+0.067%+0.0100%1h$1.2M$906K20xas long as short
ApeX Omni BNBUSDT+0.071%+0.0100%1h$160K$431K50xas long as short
01 Exchange BNBUSD+0.088%+0.0352%1h$28K$1K10xas long as short
BingX BNB-USDC+0.100%+0.0056%8h—$13.2M—as long as short
dYdX BNB-USD+0.116%+0.0625%1h$174K$54K10xas long as short
Lighter BNB+0.119%+0.0096%1h$2.6M$3.3M20xas long as short
Aster BNBUSDT+0.132%+0.0131%8h$6.2M$19.9M200xas long as short
Hibachi BNB/USDT-P+0.138%+0.0392%1h$71K$46K12xas long as short
Variational Omni BNBshort+0.166%+0.0041%8h$4.0M$6.6M—
Nado BNB-PERP+0.170%+0.0100%1h$1.5M$2.9M20xas long as short
Hotstuff BNB-PERP+0.182%−0.0080%1h$4K$1K25xas long as short
Coinbase International BNB-PERP-INTX+0.183%+0.0072%1h$602K$919K50xas long as short
Reya BNBRUSDPERP+0.188%+0.0327%1h$9K—40xas long as short
edgeX BNBUSDC+0.197%+0.0100%4h$4.2M$74.4M30xas long as short
GMX BNB/USD [WBTC.b-USDC]+0.212%L +0.0037% / S +0.0170%1h$54K—200xas long as short
Kraken Futures PF_BNBUSD+0.214%+0.0586%1h$2.5M$868K50xas long as short
gTrade (Gains Network) BNB/USD+0.215%L +0.0008% / S −0.0008%1h$9.8M—150xas long as short
StandX BNB-USD+0.224%0.0000%1h$871K$3.5M30xas long as short
MEXC BNB_USDT+0.226%+0.0122%8h$84.4M$16.4M200xas long as short
SoDEX BNB-USD+0.226%+0.0197%1h$397K$1.0M10xas long as short
HTX BNB-USDT+0.234%+0.0100%8h$8.2M$5.2M75xas long as short
Aevo BNB-PERP+0.238%+0.0104%1h$387K$37K10xas long as short
Hyperliquid BNB+0.261%+0.0394%1h$51.8M$21.1M10xas long as short
Orderly PERP_BNB_USDC+0.264%+0.0100%8h$301K$641K50xas long as short
Derive BNB-PERP+0.265%+0.0100%1h$32K$5K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.269%+0.0200%1h$1.6M$164K25xas long as short
BloFin BNB-USDT+0.276%+0.0243%8h$19.6M$3.0M75xas long as short
Phemex BNBUSDT+0.280%+0.0103%8h$70.8M$52.6M50xas long as short
Backpack BNB_USDC_PERP+0.287%+0.0264%1h$2.9M$3.3M40xas long as short
SunX BNB-USDT+0.298%+0.0100%8h$13K$1.7M50xas long as short
Kalshi KXBNBPERP+0.301%0.0000%8h$163K$2.6M4.8xas long as short