Funding you earn now, next payment 04:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.035%
Price spread now: Variational Omni against Deribit−0.043%7-day average −0.080% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.043%, 7d avg −0.080%
=Together, before fees+0.182%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.037% dearer against Deribit than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.080%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.087% in total) that is about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BNB_USDC-PERPETUAL | 791.16 | 0.0300 | pay 0.0037% / 1h | 52m 40s | $1.5M | $143K | 25x |
| Short | Variational Omni BNB | 790.82 | 0.0100 | get 0.0100% / 8h | 4h 52m | $4.1M | $4.6M | — |
Deribit BNB_USDC-PERPETUAL
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42
- Price spread: −0.043% → −0.080%
- $3.71
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$45.29
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Deribit live order book, 1 min ago | 3.67 bp | 10.3 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.34 bp | doesn't fit | 7.6 bp −$76 | doesn't fit | doesn't fit |
BNB on 46 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 −0.0182% / S +0.0348% | 1h | 790.57 | −0.074% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 791.07 | −0.011% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 791.78 | +0.079% | $856K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 790.63 | −0.067% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.761% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 790.65 | −0.065% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0056% | 8h | 790.36 | −0.101% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0064% | 8h | 791.26 | +0.013% | $69.3M | $49.9M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 790.64 | −0.065% | $583K | $1.9M | 50x | as long as short |
| Binance BNBUSDT | +0.0069% | 8h | 790.18 | −0.123% | $493.1M | $789.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0070% | 8h | 790.50 | −0.083% | $80.2M | $12.2M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.92 | −0.157% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 790.69 | −0.059% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 790.30 | −0.108% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 790.82 | −0.043% | $51.9M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 790.16 | −0.126% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.40 | −0.222% | $138.9M | $74.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.50 | −0.209% | $53.4M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 790.70 | −0.058% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 790.25 | −0.115% | $35.4M | $56.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 790.07 | −0.137% | $27.7M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.83 | −0.168% | $76.5M | $30.3M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 790.93 | −0.029% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNBshort | +0.0100% | 8h | 790.82 | −0.043% | $4.1M | $4.6M | — | |
| edgeX BNBUSDC | +0.0100% | 4h | 791.43 | +0.034% | $4.1M | $74.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 790.18 | −0.123% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 790.37 | −0.099% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 790.80 | −0.046% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 790.91 | −0.031% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 790.80 | −0.045% | $389K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 790.76 | −0.050% | $8.1M | $9.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 790.37 | −0.099% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 789.94 | −0.154% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 790.62 | −0.068% | $380K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0114% | 1h | 789.76 | −0.177% | $160K | $64K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 791.15 | −0.001% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0136% | 8h | 790.47 | −0.087% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0184% | 8h | 791.00 | −0.020% | $113K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0190% | 8h | 791.19 | +0.004% | $18.2M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 791.04 | −0.015% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 790.53 | −0.079% | $2.5M | $1.2M | 50x | as long as short |
| Bulk BNB-USD | +0.0296% | 1h | 791.64 | +0.061% | $641K | $9K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALlong | +0.0300% | 1h | 791.16 | long leg | $1.5M | $143K | 25x | |
| Reya BNBRUSDPERP | +0.0327% | 1h | 790.05 | −0.140% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 790.81 | −0.044% | $1.1M | $976K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0544% | 1h | 791.01 | −0.018% | $68K | $38K | 12x | as long as short |
MEXC BNB_USDT
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P