BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.015%

Price spread now: GRVT against Variational Omni+0.013%119s7-day average +0.128% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 7 days+0.069%+$7 · spread now +0.013%, 7d avg +0.128%

Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.114% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.128%). If the spread goes back, that is −$11 on $10k: about 17 days of funding at the current rate (+$1 a day). The two prices were read 119 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	Variational Omni BNB	788.61	0.0050	pay 0.0050% / 8h	6h 09m	$4.1M	$4.9M	—
Short	GRVT BNB_USDT_Perp	788.72	0.0072	get 0.0072% / 8h	6h 09m	$2.9M	$28.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee Variational OmnibpFee GRVTbpOrdersPrice spread, now +0.013%Rate

Funding earned: $4.69
Price spread: +0.013% → +0.128%: −$11.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$15.75
Costs to cover: 0.090%
Break-even: 30.5 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; GRVT: live order book, 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 Variational Omni RFQ quote, 5 min ago	3.34 bp	doesn't fit	6.5 bp −$65	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.06 bp	5.1 bp −$5	5.9 bp −$59	doesn't fit	doesn't fit

BNB on 45 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	788.26	−0.045%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	788.53	−0.010%	$2.5M	$1.1M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.60	−0.002%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.55	+0.119%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.35	−0.033%	$9.6M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	788.67	+0.007%	$6.2M	$20.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.089%	$19K	$789K	30x	as long as short
Gate BNB_USDT	+0.0045%	8h	787.85	−0.097%	$35.1M	$57.7M	75x	as long as short
BingX BNB-USDT	+0.0049%	8h	788.15	−0.059%	—	$34.9M	—	as long as short
Variational Omni BNBlong	+0.0050%	8h	788.61	long leg	$4.1M	$4.9M	—

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	+0.026%	$619K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0061%	8h	789.04	+0.054%	$69.0M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0064%	8h	788.80	+0.024%	$80.2M	$13.1M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	788.54	−0.009%	$493.8M	$825.0M	75x	as long as short
GRVT BNB_USDT_Perpshort	+0.0072%	8h	788.72	+0.013%	$2.9M	$28.6M	10x
dYdX BNB-USD	+0.0087%	1h	788.17	−0.057%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	788.56	−0.007%	$169K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.14	−0.060%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.50	−0.014%	$381K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.40	−0.027%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.64	+0.004%	$51.7M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.31	−0.038%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.90	−0.090%	$138.8M	$79.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.80	−0.103%	$53.4M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	−0.052%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.86	−0.095%	$27.8M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.74	−0.111%	$77.6M	$29.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.23	+0.078%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.71	+0.012%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.50	−0.014%	$137K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.64	+0.004%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.90	+0.036%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.60	−0.002%	$388K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.64	+0.003%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.72	+0.013%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.61	−0.127%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.59	−0.002%	$379K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	788.22	−0.050%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0163%	8h	789.10	+0.062%	$92K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.685%	$643K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	788.44	−0.022%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.30	−0.040%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	788.97	+0.045%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.99	+0.048%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	788.77	+0.020%	$68K	$39K	12x	as long as short