Funding you earn now, next payment 23:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.001%
Price spread now: Variational Omni against Derive−0.169%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.169% cheaper against Derive than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BNB-PERP | 801.40 | 0.0100 | pay 0.0013% / 1h | 59m 56s | $32K | $5K | 10x |
| Short | Variational Omni BNB | 800.04 | 0.0031 | get 0.0031% / 8h | 59m 56s | $4.2M | $5.4M | — |
Derive BNB-PERP
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Derive. 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
- −$14.51
- Price spread: −0.169% → 0.000%
- −$16.9
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$37.41
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Variational Omni: RFQ quote, 4 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 Derive no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 3.33 bp | doesn't fit | 7.3 bp −$73 | doesn't fit | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0201% / S +0.0372% | 1h | 801.21 | −0.023% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 801.44 | +0.005% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.22 | −0.146% | $3.0M | $28.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 801.41 | +0.002% | $866K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.25 | −0.019% | $9.8M | — | 150x | as long as short |
| Variational Omni BNBshort | +0.0031% | 8h | 800.04 | −0.169% | $4.2M | $5.4M | — | |
| BingX BNB-USDT | +0.0052% | 8h | 801.29 | −0.013% | — | $34.8M | — | as long as short |
| Bybit BNBUSDT | +0.0066% | 8h | 800.90 | −0.062% | $139.2M | $78.8M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 801.56 | +0.020% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 800.72 | −0.084% | $607K | $998K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
BingX BNB-USDT
Bybit BNBUSDT
Lighter BNB
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0099% | 8h | 801.92 | +0.065% | $6.4M | $18.9M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 800.87 | −0.066% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 801.29 | −0.014% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 801.00 | −0.049% | $54.8M | $113.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 801.50 | +0.013% | $53K | $134K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 800.90 | −0.062% | $35.8M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 801.16 | −0.029% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 801.02 | −0.047% | $80.9M | $26.7M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 800.55 | −0.106% | $4.2M | $77.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.56 | −0.104% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 801.15 | −0.031% | $119K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 801.16 | −0.029% | $387K | $489K | 50x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 801.40 | long leg | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 801.92 | +0.065% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.80 | −0.074% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 801.63 | +0.029% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 800.81 | −0.073% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 801.52 | +0.015% | $385K | $40K | 10x | as long as short |
| SoDEX BNB-USD | +0.0108% | 1h | 801.30 | −0.012% | $394K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0113% | 8h | 801.50 | +0.013% | $110K | $2.9M | 4.8x | as long as short |
| Phemex BNBUSDT | +0.0114% | 8h | 801.76 | +0.045% | $70.1M | $51.0M | 50x | as long as short |
| MEXC BNB_USDT | +0.0118% | 8h | 802.30 | +0.113% | $83.3M | $13.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0120% | 8h | 801.98 | +0.073% | $501.9M | $818.7M | 75x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 800.77 | −0.078% | $172K | $35K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 801.15 | −0.031% | $2.6M | $970K | 50x | as long as short |
| BloFin BNB-USDT | +0.0239% | 8h | 801.23 | −0.021% | $18.3M | $2.5M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 800.59 | −0.101% | $71K | $48K | 12x | as long as short |
| Bulk BNB-USD | +0.0289% | 1h | 801.15 | −0.031% | $651K | $20K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 801.70 | +0.038% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.461% | $19K | $789K | 30x | as long as short |
| Hyperliquid BNB | +0.0317% | 1h | 802.01 | +0.077% | $51.9M | $21.6M | 10x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 801.24 | −0.020% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 802.05 | +0.082% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 800.83 | −0.070% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0368% | 1h | 800.88 | −0.064% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0556% | 1h | 802.04 | +0.080% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
Kalshi KXBNBPERP
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Hibachi BNB/USDT-P
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP