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

BNC

RWAall BNC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0245%/8h= +26.8% APRnext payment +$2.45 per $10,000 · paid last 24h −0.019%
Price spread now: Variational Omni against Aster−0.480%7-day average −0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%−$1 on $10k
Price spread, last 3 days (all we have)+0.269%+$27 · spread now −0.480%, 7d avg −0.011%
Together, before fees+0.264%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.469% cheaper against Aster than usual: you would sell low and buy high (spread −0.480% now, against its 7-day average of −0.011%). If the spread goes back, that is −$47 on $10k: about 6.4 days of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.005% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BNCUSD16.62860.0104pay 0.0104% / 8h1h 37m$190K$23K10x
ShortVariational Omni BNC6.59670.0348get 0.0348% / 8h1h 37m$86K$74K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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
$51.41
Price spread: −0.480% → −0.011%
−$46.9
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$3.49
Costs to cover
0.080%
Break-even
7.5 days
Slippage unknown: Aster: live order book, 44 min ago; Variational Omni: RFQ quote, 46 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 Aster live order book, 44 min ago12.12 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 46 min ago3.02 bpdoesn't fit76.4 bp −$764doesn't fitdoesn't fit

BNC on 9 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
QFEX BNC-USD−0.0018%1h6.6200−0.129%$54K$40K10xas long as short
Bybit BNCUSDT0.0000%8h6.6060−0.340%$597K$2.4M25xas long as short
Bitget BNCUSDT0.0000%8h6.6121−0.248%$1.2M$3.8M5xas long as short
Bullet BNC-USD0.0000%1h6.6006−0.422%$10K$74K10xas long as short
KuCoin BNCUSDTM+0.0100%8h6.6200−0.129%$57K$3.0M20xas long as short
HTX BNC-USDT+0.0103%8h6.6010−0.416%$14K$32K10xas long as short
Aster BNCUSD1long+0.0104%8h6.6286long leg$190K$23K10x
Variational Omni BNCshort+0.0348%8h6.5967−0.480%$86K$74K
Binance BNCUSDT+0.0530%8h6.6030−0.386%$15.4M$36.6M10xas long as short