data as of
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Price arb /

BNB

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Spread before costs (cost unknown: a leg has no order-book sample)+0.275%
7d average+0.075%if it closes, per $10,000$28funding while held, a day+$10.09
Long on Variational OmniShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB792.35−0.0036get 0.0036% / 8h1h 49m$4.2M$6.2M—
ShortDeribit BNB_USDC-PERPETUAL794.530.0300get 0.0037% / 1h49m 52s$1.6M$134K25x

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
$27.51
Funding while held
$10.09
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$30.6
Spread needed to break even
0.070%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0336%
Per $10,000 a day
+$10.09
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 Variational Omni RFQ quote, 1 min ago3.34 bpdoesn't fit7.5 bp −$75doesn't fitdoesn't fit
Sell Deribit live order book, 1 min ago3.46 bp7.0 bp −$714.1 bp −$141doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective768.32cheapestCoinbase International792.05+3.089%
Variational Omni792.35+3.127%
StandX792.71+3.174%Hibachi792.89+3.198%edgeX793.04+3.217%BingX793.24+3.243%dYdX793.35+3.258%ApeX Omni793.38+3.262%Hotstuff793.45+3.271%Nado793.50+3.277%Bitget793.51+3.279%Extended793.56+3.285%OKX793.60+3.290%Reya793.63+3.294%RISEx793.64+3.296%Gate793.65+3.297%HTX793.72+3.306%BloFin793.74+3.309%Polymarket Perps793.78+3.314%Bybit793.80+3.316%Pacifica793.94+3.335%gTrade (Gains Network)793.96+3.337%Kraken Futures793.98+3.340%GMX793.99+3.341%Arcus794.00+3.342%Aevo794.02+3.345%KuCoin794.08+3.353%Orderly794.11+3.357%Lighter794.15+3.362%Derive794.18+3.365%SoDEX794.20+3.368%Paradex794.28+3.378%Phemex794.31+3.383%Backpack794.39+3.393%Aster794.47+3.404%Binance794.49+3.406%
Deribit794.53+3.411%
Kalshi794.70+3.433%Hyperliquid794.74+3.439%SunX794.75+3.440%MEXC795.50+3.538%Phoenix795.77+3.573%Bulk798.52+3.931%

BNB on 44 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−3.032%+0.0033%1h$18K$464K30xas long as short
Coinbase International BNB-PERP-INTX−0.038%+0.0072%1h$592K$886K50xas long as short
Variational Omni BNBlong0.000%−0.0036%8h$4.2M$6.2M—
StandX BNB-USD+0.046%0.0000%1h$858K$3.3M30xas long as short
Hibachi BNB/USDT-P+0.069%+0.0248%1h$71K$40K12xas long as short
edgeX BNBUSDC+0.087%+0.0100%4h$4.2M$65.8M30xas long as short
BingX BNB-USDC+0.113%−0.0050%8h—$13.1M—as long as short
dYdX BNB-USD+0.127%+0.0795%1h$172K$54K10xas long as short
ApeX Omni BNBUSDT+0.130%+0.0100%1h$184K$418K50xas long as short
Hotstuff BNB-PERP+0.139%−0.0080%1h$4K$1K25xas long as short
Show all 44 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado BNB-PERP+0.145%+0.0100%1h$1.5M$2.8M20xas long as short
Bitget BNBUSDT+0.147%+0.0100%8h$75.4M$20.5M75xas long as short
Extended BNB-USD+0.152%+0.0104%1h$1.9M$5.7M50xas long as short
OKX BNB-USDT-SWAP+0.158%+0.0100%8h$53.1M$95.8M50xas long as short
Reya BNBRUSDPERP+0.161%+0.0324%1h$9K—40xas long as short
RISEx BNB/USDC+0.163%+0.0132%1h$1.2M$1.5M20xas long as short
Gate BNB_USDT+0.164%+0.0100%8h$36.2M$53.6M75xas long as short
HTX BNB-USDT+0.173%+0.0100%8h$8.1M$3.9M75xas long as short
BloFin BNB-USDT+0.176%+0.0197%8h$19.1M$2.8M75xas long as short
Polymarket Perps BNB-USD+0.181%+0.0100%1h$109K$830K10xas long as short
Bybit BNBUSDT+0.183%−0.0047%8h$138.5M$81.5M75xas long as short
Pacifica BNB+0.201%+0.0100%1h$1.2M$603K20xas long as short
gTrade (Gains Network) BNB/USD+0.203%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
Kraken Futures PF_BNBUSD+0.206%+0.0071%1h$2.5M$734K50xas long as short
GMX BNB/USD [WBTC.b-USDC]+0.207%L +0.0029% / S +0.0176%1h$54K—200xas long as short
Arcus BNB-USD+0.209%+0.0100%1h$51K$241K10xas long as short
Aevo BNB-PERP+0.211%+0.0104%1h$381K$37K10xas long as short
KuCoin BNBUSDTM+0.219%+0.0100%8h$28.5M$9.6M75xas long as short
Orderly PERP_BNB_USDC+0.222%+0.0100%8h$297K$647K50xas long as short
Lighter BNB+0.228%+0.0096%1h$2.7M$2.7M20xas long as short
Derive BNB-PERP+0.231%+0.0100%1h$30K$2K10xas long as short
SoDEX BNB-USD+0.234%+0.0167%1h$391K$1.0M10xas long as short
Paradex BNB-USD-PERP+0.243%+0.0100%8h$77K$821K50xas long as short
Phemex BNBUSDT+0.248%+0.0091%8h$70.2M$52.1M50xas long as short
Backpack BNB_USDC_PERP+0.258%+0.0100%1h$2.2M$1.0M40xas long as short
Aster BNBUSDT+0.268%+0.0080%8h$6.1M$18.1M200xas long as short
Binance BNBUSDT+0.270%+0.0077%8h$516.4M$704.3M75xas long as short
Deribit BNB_USDC-PERPETUALshort+0.275%+0.0300%1h$1.6M$134K25x
Kalshi KXBNBPERP+0.297%0.0000%8h$153K$2.4M4.8xas long as short
Hyperliquid BNB+0.302%+0.0344%1h$50.2M$19.0M10xas long as short
SunX BNB-USDT+0.304%+0.0100%8h$13K$1.5M50xas long as short
MEXC BNB_USDT+0.398%+0.0077%8h$83.3M$14.7M200xas long as short
Phoenix BNB+0.432%+0.0125%1h$170K$52K10xas long as short
Bulk BNB-USD+0.779%+0.0311%1h$636K$62K10xas long as short