Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: OKX against Variational Omni−0.039%7-day average +0.012% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.065%+$7 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.039%, 7d avg +0.012%

Together, before fees+0.133%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.050% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	787.30	0.0100	pay 0.0100% / 8h	6h 58m	$4.3M	$4.9M	—
Short	OKX BNB-USDT-SWAP	787.00	0.0100	get 0.0100% / 8h	6h 58m	$53.6M	$107.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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 Variational OmnibpFee OKXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.012%: −$5.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.04
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; OKX: live order book, 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 Variational Omni RFQ quote, 1 min ago	3.34 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.63 bp	6.0 bp −$6	7.6 bp −$76	18.9 bp −$1,890	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 −0.0166% / S +0.0336%	1h	787.50	+0.025%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.87	+0.072%	$4K	—	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.33	+0.130%	$2.9M	$26.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.48	+0.149%	$850K	$2.8M	30x	as long as short
Aster BNBUSDT	+0.0007%	8h	787.66	+0.045%	$6.0M	$17.7M	200x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.53	+0.029%	$9.5M	—	150x	as long as short
BingX BNB-USDT	+0.0020%	8h	787.43	+0.016%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0026%	8h	787.56	+0.032%	$482.6M	$796.5M	75x	as long as short
MEXC BNB_USDT	+0.0027%	8h	789.00	+0.215%	$83.0M	$11.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.259%	$19K	$789K	30x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	787.45	+0.019%	$2.5M	$1.2M	50x	as long as short
Phemex BNBUSDT	+0.0065%	8h	788.04	+0.093%	$68.5M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.31	0.000%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0097%	1h	787.25	−0.007%	$1.4M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.88	+0.073%	$51.8M	$17.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.40	+0.012%	$1.2M	$940K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.93	−0.048%	$138.7M	$70.8M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	787.00	−0.039%	$53.6M	$107.4M	50x
Arcus BNB-USD	+0.0100%	1h	787.50	+0.025%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−0.007%	$39.9M	$53.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.92	−0.049%	$27.8M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.94	−0.046%	$75.6M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.91	+0.077%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	787.30	long leg	$4.3M	$4.9M	—
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.095%	$4.1M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.09	+0.100%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.53	+0.029%	$130K	$916K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.42	+0.015%	$264K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.94	+0.081%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	+0.038%	$387K	$940K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.59	+0.036%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.62	+0.040%	$78K	$267K	50x	as long as short
Kalshi KXBNBPERP	+0.0102%	8h	788.50	+0.152%	$161K	$2.5M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	786.88	−0.053%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.39	+0.010%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0109%	8h	788.43	+0.143%	$17.6M	$2.3M	75x	as long as short
Phoenix BNB	+0.0120%	1h	788.35	+0.133%	$158K	$37K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	787.77	+0.059%	$550K	$1.9M	50x	as long as short
Bulk BNB-USD	+0.0150%	1h	788.74	+0.182%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.85	+0.069%	$1.5M	$138K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	787.84	+0.068%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	787.19	−0.015%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.56	+0.032%	$1.1M	$895K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.78	+0.060%	$67K	$38K	12x	as long as short
dYdX BNB-USD	+0.0542%	1h	787.36	+0.007%	$158K	$42K	10x	as long as short