Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.015%

Price spread now: Variational Omni against StandX−0.069%7-day average −0.122% · you buy dearer than you sell

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

Long on StandX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.069%, 7d avg −0.122%

Together, before fees−0.015%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.053% dearer against StandX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	789.76	0	get 0.0000% / 1h	59m 32s	$854K	$3.2M	30x
Short	Variational Omni BNB	789.21	0.0062	get 0.0062% / 8h	5h 59m	$4.1M	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. 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 StandXbpFee Variational OmnibpOrdersPrice spread, now −0.069%Rate

Funding earned: $12.96
Price spread: −0.069% → −0.122%: $5.26
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.22
Costs to cover: 0.080%
Break-even: 1.5 days

Slippage unknown: StandX: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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 StandX live order book, 4 min ago	4.62 bp	9.8 bp −$10	13.2 bp −$132	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.34 bp	doesn't fit	10.8 bp −$108	doesn't fit	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 −0.0167% / S +0.0335%	1h	788.73	−0.130%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	788.76	−0.126%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.66	−0.013%	$4K	$239	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	789.76	long leg	$854K	$3.2M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.04	−0.091%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.941%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	789.95	+0.024%	$6.2M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	789.39	−0.047%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	789.66	−0.013%	$619K	$1.8M	50x	as long as short
Variational Omni BNBshort	+0.0062%	8h	789.21	−0.069%	$4.1M	$4.8M	—

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0065%	8h	789.44	−0.041%	$69.1M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0068%	8h	789.90	+0.018%	$80.5M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0069%	8h	789.80	+0.005%	$494.5M	$811.0M	75x	as long as short
Gate BNB_USDT	+0.0074%	8h	789.25	−0.065%	$35.4M	$56.1M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.72	−0.005%	$170K	$34K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.57	−0.024%	$2.8M	$3.9M	20x	as long as short
GRVT BNB_USDT_Perp	+0.0098%	8h	790.16	+0.051%	$2.9M	$28.4M	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.86	−0.114%	$381K	$386K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.05	−0.090%	$1.5M	$2.6M	20x	as long as short
Pacifica BNB	+0.0100%	1h	789.62	−0.018%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.084%	$138.9M	$79.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	−0.096%	$53.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.020%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.99	−0.097%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.99	−0.097%	$77.1M	$29.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.88	+0.016%	$4.1M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.88	+0.015%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.04	−0.091%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.98	−0.099%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.61	−0.019%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.25	−0.065%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	790.05	+0.037%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.06	−0.088%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.82	−0.119%	$379K	$110K	10x	as long as short
Hyperliquid BNB	+0.0112%	1h	789.81	+0.006%	$51.7M	$18.7M	10x	as long as short
SoDEX BNB-USD	+0.0118%	1h	789.00	−0.096%	$388K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	788.88	−0.111%	$160K	$64K	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.30	−0.058%	$92K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	+0.005%	$640K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.32	−0.056%	$1.5M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.85	−0.116%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	789.96	+0.025%	$28K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.65	−0.014%	$1.1M	$1.1M	20x	as long as short
Backpack BNB_USDC_PERP	+0.0377%	1h	789.24	−0.066%	$2.2M	$6.1M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	789.28	−0.061%	$67K	$39K	12x	as long as short