Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.014%
Price spread now: Variational Omni against Lighter−0.087%7-day average −0.038% · 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)−0.067%−$7 on $10k
+Price spread, last 7 days+0.075%+$8 · spread now −0.087%, 7d avg −0.038%
=Together, before fees+0.008%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.049% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 788.50 | 0.0096 | pay 0.0012% / 1h | 43m 52s | $2.7M | $3.9M | 20x |
| Short | Variational Omni BNB | 787.81 | 0.0078 | get 0.0078% / 8h | 5h 43m | $4.1M | $4.7M | — |
Lighter BNB
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter. 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
- −$3.78
- Price spread: −0.087% → −0.038%
- −$4.93
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$8.71
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Variational Omni: RFQ quote, just now. 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 Lighter live order book, 4 min ago | 0.74 bp | 1.3 bp −$1 | 5.9 bp −$59 | 16.6 bp −$1,660 | 71.5 bp −$35.8K |
| Sell Variational Omni RFQ quote, just now | 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 −0.0167% / S +0.0335% | 1h | 787.82 | −0.086% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.62 | +0.016% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.83 | +0.042% | $852K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 787.90 | −0.075% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.104% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0037% | 8h | 788.94 | +0.056% | $6.2M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 788.47 | −0.003% | $619K | $1.8M | 50x | as long as short |
| BingX BNB-USDT | +0.0057% | 8h | 789.05 | +0.070% | — | $34.4M | — | as long as short |
| MEXC BNB_USDT | +0.0072% | 8h | 789.70 | +0.153% | $80.3M | $12.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0072% | 8h | 789.55 | +0.134% | $494.0M | $806.9M | 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
Coinbase International BNB-PERP-INTX
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0078% | 8h | 788.62 | +0.016% | $69.0M | $51.0M | 50x | as long as short |
| Variational Omni BNBshort | +0.0078% | 8h | 787.81 | −0.087% | $4.1M | $4.7M | — | |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 788.20 | −0.037% | $2.5M | $1.2M | 50x | as long as short |
| Gate BNB_USDT | +0.0095% | 8h | 788.50 | 0.000% | $35.3M | $56.8M | 75x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 788.50 | long leg | $2.7M | $3.9M | 20x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.18 | −0.040% | $265K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.05 | −0.057% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.15 | +0.083% | $51.7M | $18.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.45 | −0.006% | $1.2M | $909K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.80 | +0.038% | $138.7M | $77.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.90 | +0.051% | $53.5M | $112.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.50 | 0.000% | $52K | $130K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.53 | +0.004% | $27.7M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.72 | +0.028% | $76.9M | $30.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.71 | +0.027% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.59 | +0.012% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.14 | +0.082% | $159K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.12 | −0.048% | $137K | $944K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.43 | −0.009% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.84 | +0.044% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.25 | −0.031% | $8.1M | $9.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0103% | 8h | 789.07 | +0.073% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.34 | −0.020% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.31 | −0.023% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 788.34 | −0.020% | $169K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0122% | 8h | 788.59 | +0.012% | $2.9M | $28.3M | 10x | as long as short |
| SoDEX BNB-USD | +0.0155% | 1h | 788.30 | −0.025% | $388K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0183% | 8h | 788.70 | +0.026% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0192% | 8h | 789.08 | +0.074% | — | $2.3M | 75x | as long as short |
| dYdX BNB-USD | +0.0247% | 1h | 788.26 | −0.030% | $159K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 788.77 | +0.035% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 787.90 | −0.076% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 788.64 | +0.018% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USD | +0.0373% | 1h | 788.05 | −0.056% | $638K | $13K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 788.71 | +0.027% | $1.5M | $152K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0576% | 1h | 788.28 | −0.027% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
Kraken Futures PF_BNBUSD
Gate BNB_USDT
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
SoDEX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P