Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.79 per $10,000 · paid last 24h +0.015%
Price spread now: Orderly against Variational Omni+0.209%7-day average +0.068% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.069%+$7 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.209%, 7d avg +0.068%
=Together, before fees−0.065%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.141% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BNB | 792.33 | 0.0021 | pay 0.0021% / 8h | 6h 31m | $4.0M | $4.9M | — |
| Short | Orderly PERP_BNB_USDC | 793.98 | 0.0100 | get 0.0100% / 8h | 6h 31m | $384K | $409K | 50x |
Variational Omni BNB
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $16.53
- Price spread: +0.209% → +0.068%
- $14.08
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $24.61
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Orderly: no order-book sample. 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, 2 min ago | 3.34 bp | doesn't fit | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 794.00 | +0.211% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 793.86 | +0.194% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.90 | +0.199% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 793.56 | +0.156% | $858K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 793.93 | +0.202% | $9.7M | — | 150x | as long as short |
| Variational Omni BNBlong | +0.0021% | 8h | 792.33 | long leg | $4.0M | $4.9M | — | |
| Gate BNB_USDT | +0.0026% | 8h | 793.70 | +0.173% | $35.4M | $55.8M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.611% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 794.65 | +0.293% | $6.1M | $19.8M | 200x | as long as short |
| GRVT BNB_USDT_Perp | +0.0045% | 8h | 793.31 | +0.124% | $3.0M | $28.8M | 10x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Gate BNB_USDT
Injective BNB/USDC PERP
Aster BNBUSDT
GRVT BNB_USDT_PerpShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDC | +0.0049% | 8h | 793.92 | +0.201% | — | $13.3M | — | as long as short |
| Phemex BNBUSDT | +0.0054% | 8h | 794.45 | +0.268% | $69.5M | $50.7M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.17 | −0.146% | $607K | $1.1M | 50x | as long as short |
| dYdX BNB-USD | +0.0063% | 1h | 793.27 | +0.119% | $160K | $63K | 10x | as long as short |
| MEXC BNB_USDT | +0.0063% | 8h | 794.50 | +0.274% | $82.4M | $12.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 794.33 | +0.253% | $494.2M | $813.1M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 792.22 | −0.014% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.94 | +0.204% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 793.98 | +0.209% | $384K | $409K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 793.30 | +0.123% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 794.18 | +0.234% | $52.0M | $19.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 794.05 | +0.218% | $1.2M | $926K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 793.62 | +0.163% | $138.4M | $76.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 793.60 | +0.161% | $53.2M | $110.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 794.10 | +0.224% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 793.56 | +0.156% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 793.58 | +0.158% | $77.3M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 793.22 | +0.112% | $4.1M | $77.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 793.21 | +0.111% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 794.04 | +0.216% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 794.15 | +0.230% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 794.60 | +0.287% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 794.10 | +0.224% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 793.11 | +0.098% | $8.1M | $8.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 794.11 | +0.225% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 793.34 | +0.128% | $1.7M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 794.03 | +0.215% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 794.12 | +0.226% | $1.1M | $1.3M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0161% | 8h | 793.90 | +0.199% | $111K | $2.8M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0175% | 1h | 792.60 | +0.034% | $642K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 794.57 | +0.283% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 793.81 | +0.187% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0397% | 1h | 794.38 | +0.259% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 794.48 | +0.271% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 793.29 | +0.122% | $68K | $38K | 12x | as long as short |
BingX BNB-USDC
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P