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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 22:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.063%
Price spread now: Hyperliquid against Variational Omni+0.178%7-day average +0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.121%+$12 on $10k
Price spread, last 7 days−0.142%−$14 · spread now +0.178%, 7d avg +0.055%
Together, before fees−0.021%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.123% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB805.910.0050pay 0.0050% / 8h2h 18m$4.1M$5.4M—
ShortHyperliquid BNB807.340.0193get 0.0024% / 1h18m 15s$51.9M$21.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$30.08
Price spread: +0.178% → +0.055%
$12.32
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$33.4
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago3.33 bpdoesn't fit6.7 bp −$67doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.06 bp5.1 bp −$55.2 bp −$52doesn't fitdoesn't fit

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 −0.0195% / S +0.0371%1h806.49+0.072%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.98+0.133%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.55+0.080%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h807.70+0.223%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.70+0.099%$872K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.52+0.077%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.59+0.085%$2.5M$908K50xas long as short
Variational Omni BNBlong+0.0050%8h805.91long leg$4.1M$5.4M—
BingX BNB-USDC+0.0054%8h806.62+0.089%—$13.3M—as long as short
Bybit BNBUSDT+0.0077%8h806.23+0.040%$139.9M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h806.90+0.123%$610K$883K50xas long as short
Lighter BNB+0.0096%1h806.78+0.108%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h807.23+0.164%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h806.30+0.049%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.70+0.099%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.50+0.074%$55.2M$116.3M50xas long as short
Arcus BNB-USD+0.0100%1h807.00+0.136%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.50+0.074%$36.1M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.52+0.076%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.15+0.030%$79.1M$24.7M75xas long as short
edgeX BNBUSDC+0.0100%4h806.96+0.130%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.58+0.084%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.50+0.074%$115K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.55+0.080%$390K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.73+0.102%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h807.22+0.163%$14K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h807.07+0.145%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h806.57+0.083%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.24+0.166%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.26+0.044%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.76+0.106%$388K$40K10xas long as short
MEXC BNB_USDT+0.0113%8h807.60+0.210%$84.8M$13.6M200xas long as short
Binance BNBUSDT+0.0114%8h807.23+0.164%$521.6M$806.0M75xas long as short
Phoenix BNB+0.0125%1h806.38+0.059%$173K$35K10xas long as short
Phemex BNBUSDT+0.0126%8h807.14+0.153%$70.4M$51.8M50xas long as short
Hyperliquid BNBshort+0.0193%1h807.34+0.178%$51.9M$21.4M10x
RISEx BNB/USDC+0.0209%1h806.82+0.113%$1.2M$1.5M20xas long as short
SoDEX BNB-USD+0.0209%1h806.60+0.086%$397K$1.0M10xas long as short
Bulk BNB-USD+0.0217%1h806.94+0.129%$652K$11K10xas long as short
BloFin BNB-USDT+0.0233%8h807.11+0.149%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h806.71+0.100%$72K$48K12xas long as short
dYdX BNB-USD+0.0244%1h807.07+0.144%$171K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h806.31+0.050%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h807.48+0.195%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.126%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0652%1h807.49+0.197%$3.0M$5.5M40xas long as short