Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.011%
Price spread now: Variational Omni against Phemex−0.129%7-day average −0.105% · 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)−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.129%, 7d avg −0.105%
=Together, before fees−0.020%+ Points / potential airdropVariational Omni: Active · farm board−$2 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 0.024% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.105%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BNBUSDT | 798.75 | 0.0028 | pay 0.0028% / 8h | 7h 16m | $69.7M | $50.2M | 50x |
| Short | Variational Omni BNB | 797.72 | 0.0004 | get 0.0004% / 8h | 7h 16m | $4.1M | $5.0M | — |
Phemex BNBUSDT
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- −$5.02
- Price spread: −0.129% → −0.105%
- −$2.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.46
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 Phemex live order book, 3 min ago | 0.06 bp | 6.7 bp −$7 | 7.1 bp −$71 | 12.3 bp −$1,227 | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 3.33 bp | doesn't fit | 8.2 bp −$82 | 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 −0.0159% / S +0.0335% | 1h | 798.65 | −0.013% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 797.97 | −0.098% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.43 | −0.040% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | 0.0000% | 8h | 798.50 | −0.031% | $35.9M | $56.8M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.85 | +0.013% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.98 | +0.029% | $863K | $2.9M | 30x | as long as short |
| Variational Omni BNBshort | +0.0004% | 8h | 797.72 | −0.129% | $4.1M | $5.0M | — | |
| BingX BNB-USDC | +0.0007% | 8h | 797.66 | −0.136% | — | $13.3M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.65 | −0.013% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDTlong | +0.0028% | 8h | 798.75 | long leg | $69.7M | $50.2M | 50x |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
BingX BNB-USDC
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BNBUSDT | +0.0030% | 8h | 798.50 | −0.031% | $138.6M | $76.3M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.794% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | +0.040% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0052% | 8h | 799.35 | +0.076% | $6.1M | $19.4M | 200x | as long as short |
| MEXC BNB_USDT | +0.0074% | 8h | 799.70 | +0.119% | $83.2M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0075% | 8h | 799.28 | +0.066% | $496.3M | $811.0M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.88 | +0.017% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.13 | +0.048% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.45 | −0.038% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.98 | +0.029% | $1.2M | $937K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.50 | −0.031% | $54.2M | $110.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.10 | +0.044% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.68 | −0.009% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.45 | −0.038% | $78.2M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.91 | +0.020% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.95 | +0.025% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.67 | −0.010% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.73 | −0.003% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.16 | −0.074% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.71 | −0.006% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.20 | −0.069% | $392K | $997K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 797.76 | −0.124% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.39 | +0.080% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.43 | −0.040% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.82 | +0.009% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0138% | 1h | 797.80 | −0.119% | $648K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.90 | +0.019% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0158% | 8h | 798.70 | −0.006% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0195% | 8h | 798.84 | +0.011% | $18.1M | $2.6M | 75x | as long as short |
| dYdX BNB-USD | +0.0198% | 1h | 798.51 | −0.030% | $161K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 799.33 | +0.073% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 798.45 | −0.038% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0280% | 1h | 797.79 | −0.121% | $68K | $38K | 12x | as long as short |
| Hyperliquid BNB | +0.0293% | 1h | 799.60 | +0.106% | $53.1M | $20.3M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.46 | −0.036% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0426% | 1h | 799.14 | +0.049% | $2.7M | $5.7M | 40x | as long as short |
Bybit BNBUSDT
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP