BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.008%

Price spread now: Phemex against Variational Omni+0.054%7-day average +0.105% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.054%, 7d avg +0.105%

Together, before fees+0.080%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.051% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.105%). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.022% in total) that is about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	799.36	0.0017	pay 0.0017% / 8h	28m 34s	$4.1M	$5.4M	—
Short	Phemex BNBUSDT	799.79	0.0111	get 0.0111% / 8h	28m 34s	$69.9M	$50.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhemexbpOrdersPrice spread, now +0.054%Rate

Funding earned: $19.67
Price spread: +0.054% → +0.105%: −$5.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $2.58
Costs to cover: 0.120%
Break-even: 6.1 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phemex: live order book, 6 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, 1 min ago	3.34 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	0.13 bp	6.6 bp −$7	6.7 bp −$67	12.0 bp −$1,198	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	799.44	+0.011%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.68	+0.040%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.29	−0.009%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.116%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.20	+0.105%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.50	+0.018%	$9.7M	—	150x	as long as short
Variational Omni BNBlong	+0.0017%	8h	799.36	long leg	$4.1M	$5.4M	—
BingX BNB-USDT	+0.0041%	8h	799.23	−0.016%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0046%	8h	798.70	−0.082%	$138.6M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.067%	$606K	$992K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0092%	8h	799.84	+0.060%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.43	+0.009%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.07	−0.036%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.33	−0.004%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.057%	$54.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.50	+0.018%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.90	−0.057%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.09	−0.034%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.75	−0.076%	$79.2M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.132%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.147%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.25	−0.014%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.59	+0.029%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.80	+0.055%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.16	+0.100%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.043%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.39	+0.004%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.67	+0.039%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.63	−0.091%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.84	+0.060%	$384K	$40K	10x	as long as short
Phemex BNBUSDTshort	+0.0111%	8h	799.79	+0.054%	$69.9M	$50.6M	50x
Binance BNBUSDT	+0.0113%	8h	799.66	+0.038%	$499.3M	$815.9M	75x	as long as short
MEXC BNB_USDT	+0.0114%	8h	800.20	+0.105%	$83.1M	$13.5M	200x	as long as short
Kalshi KXBNBPERP	+0.0120%	8h	800.00	+0.080%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.095%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0181%	1h	799.86	+0.063%	$51.8M	$21.1M	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	799.67	+0.039%	$70K	$44K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.03	+0.084%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0234%	8h	799.80	+0.055%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.084%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.40	+0.006%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	799.74	+0.048%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.717%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.95	−0.051%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0387%	1h	799.32	−0.005%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0406%	1h	800.05	+0.087%	$2.7M	$5.7M	40x	as long as short