Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.77 per $10,000 · paid last 24h +0.015%
Price spread now: Variational Omni against GRVT−0.099%7-day average −0.128% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.099%, 7d avg −0.128%
=Together, before fees−0.029%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.029% dearer against GRVT than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.128%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 4 days (−0.032% in total) that is about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BNB_USDT_Perp | 788.09 | 0.0177 | pay 0.0177% / 8h | 3h 13m | $2.9M | $28.7M | 10x |
| Short | Variational Omni BNB | 787.31 | 0.0100 | get 0.0100% / 8h | 3h 13m | $4.1M | $4.6M | — |
GRVT BNB_USDT_Perp
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GRVT. 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
- −$16.17
- Price spread: −0.099% → −0.128%
- $2.93
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.24
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 6 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 GRVT live order book, 6 min ago | 0.06 bp | 4.6 bp −$5 | 4.9 bp −$49 | 20.2 bp −$2,025 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.34 bp | doesn't fit | 6.6 bp −$66 | 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 −0.0192% / S +0.0356% | 1h | 787.19 | −0.114% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.24 | −0.108% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.90 | −0.024% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.80 | −0.037% | $126K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.28 | +0.024% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.20 | −0.113% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0022% | 8h | 787.86 | −0.029% | $6.1M | $18.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.157% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0034% | 8h | 787.45 | −0.081% | — | $22.3M | — | as long as short |
| Phemex BNBUSDT | +0.0040% | 8h | 787.78 | −0.039% | $68.9M | $50.7M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0041% | 8h | 788.30 | +0.027% | $79.9M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0041% | 8h | 787.87 | −0.028% | $491.0M | $802.1M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 788.00 | −0.011% | $579K | $1.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0082% | 1h | 787.24 | −0.108% | $159K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 787.74 | −0.044% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.44 | −0.082% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.23 | −0.109% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.25 | −0.107% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.81 | −0.036% | $51.7M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.57 | −0.065% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.20 | −0.113% | $138.4M | $74.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.10 | −0.126% | $53.4M | $111.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.50 | −0.075% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.15 | −0.119% | $36.1M | $58.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.92 | −0.148% | $27.5M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.00 | −0.138% | $76.2M | $30.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.68 | −0.052% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNBshort | +0.0100% | 8h | 787.31 | −0.099% | $4.1M | $4.6M | — | |
| edgeX BNBUSDC | +0.0100% | 4h | 787.93 | −0.021% | $4.1M | $74.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.81 | −0.036% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.21 | −0.112% | $132K | $955K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.26 | −0.105% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.80 | −0.037% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.40 | −0.088% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.36 | −0.093% | $8.1M | $9.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.69 | −0.051% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.93 | −0.148% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.21 | −0.111% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0161% | 8h | 787.91 | −0.023% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perplong | +0.0177% | 8h | 788.09 | long leg | $2.9M | $28.7M | 10x | |
| Bulk BNB-USD | +0.0193% | 1h | 788.28 | +0.025% | $638K | $10K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.66 | −0.054% | $1.5M | $143K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.84 | −0.032% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 787.05 | −0.132% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 787.67 | −0.053% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 787.64 | −0.057% | $1.1M | $894K | 20x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Phoenix BNB
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
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC