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

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 21:00 UTC+0.0075%/8h= +8.3% APRpaid last 24h +0.016%
Price spread now: Phoenix against Variational Omni+0.146%7-day average +0.116% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.130%+$13 on $10k
Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.146%, 7d avg +0.116%
Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · farm board+$10 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 Phoenix is 0.030% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.116%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB805.710.0050pay 0.0050% / 8h2h 15m$4.1M$5.4M—
ShortPhoenix BNB806.890.0125get 0.0016% / 1h15m 15s$173K$35K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$15.85
Price spread: +0.146% → +0.116%
$2.99
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$11.84
Costs to cover
0.070%
Break-even
1.8 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phoenix: live order book, 67 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, 4 min ago3.33 bpdoesn't fit6.7 bp −$67doesn't fitdoesn't fit
Sell Phoenix live order book, 67 min ago0.99 bp12.3 bp −$1243.2 bp −$432doesn'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%1h806.10+0.048%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.66+0.117%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h807.11+0.173%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.70+0.122%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.24+0.065%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.16+0.055%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.42+0.088%$2.5M$908K50xas long as short
Variational Omni BNBlong+0.0050%8h805.71long leg$4.1M$5.4M—
BingX BNB-USDC+0.0054%8h806.40+0.085%—$13.3M—as long as short
Bybit BNBUSDT+0.0077%8h805.80+0.011%$139.9M$82.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h806.90+0.147%$610K$883K50xas long as short
Lighter BNB+0.0096%1h806.56+0.105%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h806.78+0.133%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h806.10+0.048%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.53+0.101%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.10+0.048%$55.2M$116.3M50xas long as short
Arcus BNB-USD+0.0100%1h806.50+0.098%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.05+0.042%$36.1M$58.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.09+0.047%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.86+0.018%$79.1M$24.7M75xas long as short
edgeX BNBUSDC+0.0100%4h807.21+0.186%$4.2M$77.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.78+0.132%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.07+0.044%$114K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.29+0.072%$390K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.51+0.099%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.79+0.134%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.81+0.135%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h806.54+0.102%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.99+0.158%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.93+0.027%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.44+0.090%$387K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h807.00+0.160%$84.7M$13.7M200xas long as short
Binance BNBUSDT+0.0114%8h806.93+0.152%$521.4M$806.0M75xas long as short
Phoenix BNBshort+0.0125%1h806.89+0.146%$173K$35K10x
Phemex BNBUSDT+0.0125%8h806.92+0.150%$70.4M$51.8M50xas long as short
SoDEX BNB-USD+0.0198%1h806.40+0.085%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.41+0.087%$1.2M$1.5M20xas long as short
Hyperliquid BNB+0.0210%1h806.98+0.157%$52.3M$21.6M10xas long as short
Bulk BNB-USD+0.0217%1h806.94+0.152%$652K$11K10xas long as short
BloFin BNB-USDT+0.0234%8h807.00+0.160%$18.8M$3.1M75xas long as short
dYdX BNB-USD+0.0240%1h806.40+0.085%$171K$55K10xas long as short
Hibachi BNB/USDT-P+0.0248%1h806.68+0.120%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0334%1h805.84+0.015%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h806.84+0.140%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.102%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0653%1h807.08+0.170%$3.0M$5.5M40xas long as short