Funding you earn now, next payment 06:00 UTC−0.1125%/8h= −123.2% APRpaid last 24h +0.537%
Price spread now: Variational Omni against Bullet−0.387%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Variational Omni is 0.387% cheaper against Bullet than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BNC-USD | 6.2562 | 0 | get 0.0000% / 1h | 13m 24s | $9K | $69K | 10x |
| Short | Variational Omni BNC | 6.2320 | −0.1125 | pay 0.1125% / 8h | 2h 13m | $116K | $141K | — |
Bullet BNC-USD
Variational Omni BNCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bullet. 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
- −$236.29
- Price spread: −0.387% → 0.000%
- −$38.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$283.02
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Variational Omni: RFQ quote, 36 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 36 min ago | 3.09 bp | doesn't fit | 156.4 bp −$1,564 | doesn't fit | doesn't fit |
Bullet: 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.
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.2406% | 8h | 6.2682 | +0.192% | $791K | $4.2M | 5x | as long as short |
| Binance BNCUSDT | −0.1242% | 8h | 6.2520 | −0.067% | $13.5M | $41.3M | 10x | as long as short |
| Variational Omni BNCshort | −0.1125% | 8h | 6.2320 | −0.387% | $116K | $141K | — | |
| Bybit BNCUSDT | −0.0943% | 8h | 6.2590 | +0.045% | $566K | $2.1M | 25x | as long as short |
| Aster BNCUSD1 | −0.0661% | 8h | 6.2444 | −0.188% | $179K | $22K | 10x | as long as short |
| QFEX BNC-USD | −0.0022% | 1h | 6.2500 | −0.099% | $49K | $13K | 10x | as long as short |
| Bullet BNC-USDlong | 0.0000% | 1h | 6.2562 | long leg | $9K | $69K | 10x | |
| HTX BNC-USDT | 0.0000% | 8h | 6.2460 | −0.163% | $14K | $27K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0017% | 8h | 6.2570 | +0.013% | $39K | $3.0M | 20x | as long as short |
Bitget BNCUSDT
Binance BNCUSDT
Bybit BNCUSDT
Aster BNCUSD1
QFEX BNC-USD
HTX BNC-USDT
KuCoin BNCUSDTM