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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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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 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.043%
Price spread now: Variational Omni against Deribit−0.003%7-day average −0.078% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.102%−$10 on $10k
Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.003%, 7d avg −0.078%
Together, before fees−0.205%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.075% dearer against Deribit than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.078%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BNB_USDC-PERPETUAL787.530.0200pay 0.0025% / 1h4m 45s$1.5M$145K25x
ShortVariational Omni BNB787.510.0100get 0.0100% / 8h1h 04m$4.0M$4.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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
−$21
Price spread: −0.003% → −0.078%
$7.5
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$20.5
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Deribit: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Deribit live order book, 4 min ago3.49 bp10.3 bp −$1014.3 bp −$143doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago3.34 bpdoesn't fit5.4 bp −$54doesn'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 −0.0170% / S +0.0337%1h787.09−0.057%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.02+0.062%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.25+0.091%$850K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.17−0.046%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.229%$19K$789K30xas long as short
BingX BNB-USDT+0.0048%8h787.24−0.037%—$22.3M—as long as short
Aster BNBUSDT+0.0050%8h787.66+0.016%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0059%8h788.40+0.110%$81.1M$12.1M200xas long as short
Binance BNBUSDT+0.0059%8h787.64+0.013%$489.6M$820.9M75xas long as short
dYdX BNB-USD+0.0061%1h787.30−0.029%$160K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0074%8h787.76+0.029%$68.8M$51.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.43−0.013%$564K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.21−0.041%$2.7M$3.9M20xas long as short
Nado BNB-PERP+0.0100%1h787.20−0.042%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h787.76+0.029%$51.6M$17.7M10xas long as short
Pacifica BNB+0.0100%1h787.63+0.013%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.00−0.068%$138.5M$75.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.90−0.080%$53.6M$113.2M50xas long as short
Arcus BNB-USD+0.0100%1h787.50−0.004%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.05−0.061%$37.9M$59.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.81−0.092%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.10−0.055%$76.8M$31.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.52−0.002%$2.2M$6.1M40xas long as short
Variational Omni BNBshort+0.0100%8h787.51−0.003%$4.0M$4.8M—
edgeX BNBUSDC+0.0100%4h787.68+0.018%$4.1M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.74+0.026%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.10−0.055%$132K$953K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.19−0.044%$265K$470K50xas long as short
Derive BNB-PERP+0.0100%1h787.83+0.037%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.74+0.026%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.30−0.030%$387K$978K10xas long as short
HTX BNB-USDT+0.0100%8h787.46−0.009%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.93+0.050%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h786.73−0.103%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h787.13−0.051%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0117%8h787.80+0.034%$171K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h787.76+0.029%$169K$35K10xas long as short
BloFin BNB-USDT+0.0179%8h787.77+0.030%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUALlong+0.0200%1h787.53long leg$1.5M$145K25x
Kraken Futures PF_BNBUSD+0.0206%1h787.07−0.059%$2.5M$1.2M50xas long as short
Bulk BNB-USD+0.0222%1h787.85+0.040%$639K$83110xas long as short
GRVT BNB_USDT_Perp+0.0228%8h787.96+0.054%$2.9M$29.3M10xas long as short
01 Exchange BNBUSD+0.0248%1h787.75+0.027%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0321%1h786.93−0.077%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h787.530.000%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0472%1h787.88+0.044%$67K$39K12xas long as short