Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.068%
Price spread now: Bulk against Variational Omni+0.159%48s7-day average +0.117% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.286%+$29 on $10k
Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.159%, 7d avg +0.117%
Together, before fees+0.093%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.042% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.117%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB797.130.0008pay 0.0008% / 8h7h 46m$4.1M$5.4M—
ShortBulk BNB-USD798.390.0118get 0.0015% / 1h46m 42s$648K$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$23.25
Price spread: +0.159% → +0.117%
$4.16
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$20.42
Costs to cover
0.070%
Break-even
0.9 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bulk: live order book, 27 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago3.33 bpdoesn't fit6.2 bp −$62doesn't fitdoesn't fit
Sell Bulk live order book, 27 min ago0.06 bp3.6 bp −$43.8 bp −$386.6 bp −$66016.5 bp −$8,258

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h798.28+0.144%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.28+0.144%$2.5M$979K50xas long as short
Bybit BNBUSDT−0.0095%8h797.89+0.096%$138.6M$77.0M75xas long as short
Hotstuff BNB-PERP−0.0080%1h798.53+0.176%$4K$23925xas long as short
BingX BNB-USDC−0.0030%8h798.37+0.156%—$13.3M—as long as short
GRVT BNB_USDT_Perp0.0000%8h798.33+0.151%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.61+0.186%$863K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h798.82+0.212%$69.8M$50.5M50xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.25+0.141%$9.7M—150xas long as short
Variational Omni BNBlong+0.0008%8h797.13long leg$4.1M$5.4M—
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.999%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.00+0.110%$601K$987K50xas long as short
Gate BNB_USDT+0.0062%8h798.25+0.141%$35.7M$55.9M75xas long as short
Aster BNBUSDT+0.0069%8h798.87+0.219%$6.2M$19.3M200xas long as short
Binance BNBUSDT+0.0091%8h798.95+0.229%$496.3M$817.0M75xas long as short
MEXC BNB_USDT+0.0091%8h799.30+0.273%$83.1M$13.5M200xas long as short
Lighter BNB+0.0096%1h798.53+0.177%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.23+0.138%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h797.79+0.084%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.54+0.178%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.10+0.122%$54.1M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h798.50+0.172%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.33+0.151%$27.9M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h798.08+0.120%$78.7M$27.6M75xas long as short
edgeX BNBUSDC+0.0100%4h798.20+0.134%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.13+0.126%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.09+0.121%$118K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.42+0.162%$386K$481K50xas long as short
Derive BNB-PERP+0.0100%1h798.52+0.174%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.92+0.225%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.40+0.160%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.05+0.116%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.10+0.248%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.00+0.109%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h798.38+0.157%$384K$108K10xas long as short
Bulk BNB-USDshort+0.0118%1h798.39+0.159%$648K$11K10x
Hibachi BNB/USDT-P+0.0136%1h797.87+0.093%$70K$34K12xas long as short
Kalshi KXBNBPERP+0.0154%8h798.70+0.197%$90K$2.9M4.8xas long as short
RISEx BNB/USDC+0.0155%1h798.22+0.137%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0211%8h798.80+0.210%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0216%1h798.74+0.202%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h798.77+0.207%$1.6M$160K25xas long as short
dYdX BNB-USD+0.0318%1h797.97+0.106%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h797.78+0.082%$6K$3K40xas long as short
Hyperliquid BNB+0.0351%1h799.22+0.263%$53.1M$20.9M10xas long as short
Backpack BNB_USDC_PERP+0.0389%1h799.29+0.271%$2.7M$5.7M40xas long as short