Funding you earn now, next payment 23:00 UTC−0.0118%/8h= −13.0% APRpaid last 24h −0.016%
Price spread now: Variational Omni against Phoenix−0.208%99s7-day average −0.116% · 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)−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.208%, 7d avg −0.116%
=Together, before fees−0.066%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.092% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.116%). Swap the legs. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix BNB | 799.20 | 0.0127 | pay 0.0016% / 1h | 9m 40s | $172K | $36K | 10x |
| Short | Variational Omni BNB | 797.53 | 0.0008 | get 0.0008% / 8h | 9m 40s | $4.0M | $5.4M | — |
Phoenix BNB
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. 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
- −$24.88
- Price spread: −0.208% → −0.116%
- −$9.24
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$41.12
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 62 min ago; Variational Omni: RFQ quote, 5 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 Phoenix live order book, 62 min ago | 1.00 bp | 12.4 bp −$12 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 3.33 bp | doesn't fit | 5.2 bp −$52 | 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 −0.0201% / S +0.0372% | 1h | 798.27 | −0.116% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.31 | −0.111% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 798.18 | −0.127% | $2.5M | $974K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.80 | −0.050% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.86 | −0.043% | $863K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.36 | −0.105% | $9.7M | — | 150x | as long as short |
| Variational Omni BNBshort | +0.0008% | 8h | 797.53 | −0.208% | $4.0M | $5.4M | — | |
| BingX BNB-USDT | +0.0033% | 8h | 798.38 | −0.103% | — | $34.7M | — | as long as short |
| Bybit BNBUSDT | +0.0037% | 8h | 797.80 | −0.175% | $138.5M | $76.9M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 798.14 | −0.133% | $601K | $984K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
BingX BNB-USDT
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0082% | 8h | 798.65 | −0.069% | $6.2M | $19.1M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.36 | −0.105% | $2.8M | $4.1M | 20x | as long as short |
| Phemex BNBUSDT | +0.0099% | 8h | 798.81 | −0.049% | $69.9M | $50.6M | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.33 | −0.109% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.36 | −0.106% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 797.80 | −0.175% | $54.3M | $112.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.80 | −0.050% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 798.00 | −0.150% | $35.7M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.02 | −0.148% | $28.0M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 797.95 | −0.156% | $79.0M | $27.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.97 | −0.029% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.19 | −0.001% | $161K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.51 | −0.086% | $116K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.28 | −0.115% | $386K | $494K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.48 | −0.090% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.85 | −0.044% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.50 | −0.088% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.42 | −0.098% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.68 | −0.065% | $78K | $19K | 50x | as long as short |
| Binance BNBUSDT | +0.0103% | 8h | 798.58 | −0.078% | $497.4M | $817.9M | 75x | as long as short |
| MEXC BNB_USDT | +0.0103% | 8h | 799.00 | −0.025% | $83.0M | $13.6M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.82 | −0.173% | $1.7M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.49 | −0.089% | $384K | $40K | 10x | as long as short |
| Phoenix BNBlong | +0.0127% | 1h | 799.20 | long leg | $172K | $36K | 10x | |
| Kalshi KXBNBPERP | +0.0143% | 8h | 798.90 | −0.038% | $90K | $2.9M | 4.8x | as long as short |
| Hibachi BNB/USDT-P | +0.0168% | 1h | 798.13 | −0.134% | $70K | $43K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 798.80 | −0.050% | $1.6M | $165K | 25x | as long as short |
| Bulk BNB-USD | +0.0214% | 1h | 799.38 | +0.023% | $649K | $17K | 10x | as long as short |
| BloFin BNB-USDT | +0.0224% | 8h | 798.50 | −0.088% | $18.1M | $2.5M | 75x | as long as short |
| Hyperliquid BNB | +0.0230% | 1h | 799.09 | −0.014% | $52.4M | $20.8M | 10x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 798.60 | −0.076% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0272% | 1h | 799.16 | −0.005% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.737% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.97 | −0.154% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0342% | 1h | 798.04 | −0.146% | $161K | $63K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0343% | 1h | 799.09 | −0.014% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Phemex 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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Binance BNBUSDT
MEXC BNB_USDT
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
BloFin BNB-USDT
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP