Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Variational Omni against Orderly+0.009%7-day average −0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.009%, 7d avg −0.064%
=Together, before fees−0.158%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.074% dearer against Orderly than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 786.64 | 0.0100 | pay 0.0100% / 8h | 1h 54m | $265K | $471K | 50x |
| Short | Variational Omni BNB | 786.71 | 0.0100 | get 0.0100% / 8h | 1h 54m | $4.0M | $4.8M | — |
Orderly PERP_BNB_USDC
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- $0.01
- Price spread: +0.009% → −0.064%
- $7.36
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $1.37
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 3.34 bp | doesn't fit | 6.9 bp −$69 | doesn't fit | doesn't fit |
Orderly: 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.
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 −0.0192% / S +0.0356% | 1h | 786.51 | −0.017% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.11 | +0.187% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.66 | +0.130% | $849K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.56 | −0.010% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.345% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 787.17 | +0.068% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDC | +0.0054% | 8h | 786.97 | +0.042% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0067% | 8h | 787.40 | +0.097% | $80.9M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 787.00 | +0.046% | $490.0M | $816.0M | 75x | as long as short |
| Phemex BNBUSDT | +0.0069% | 8h | 787.24 | +0.076% | $68.9M | $51.0M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0072% | 1h | 787.10 | +0.059% | $159K | $62K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 788.38 | +0.221% | $569K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.71 | +0.009% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 786.64 | long leg | $265K | $471K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 786.65 | +0.001% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.98 | +0.043% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.40 | −0.031% | $138.3M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.30 | −0.043% | $53.5M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.90 | +0.033% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.55 | −0.011% | $37.0M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.42 | −0.028% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.32 | −0.041% | $76.1M | $31.1M | 75x | as long as short |
| Variational Omni BNBshort | +0.0100% | 8h | 786.71 | +0.009% | $4.0M | $4.8M | — | |
| edgeX BNBUSDC | +0.0100% | 4h | 787.78 | +0.145% | $4.1M | $75.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.16 | +0.066% | $158K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.50 | −0.018% | $131K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.80 | +0.020% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.14 | +0.064% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.70 | +0.008% | $387K | $986K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.77 | +0.017% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 787.15 | +0.065% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.25 | −0.050% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.68 | +0.005% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 787.80 | +0.147% | $169K | $35K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0134% | 1h | 787.43 | +0.100% | $2.2M | $6.1M | 40x | as long as short |
| Kalshi KXBNBPERP | +0.0135% | 8h | 787.30 | +0.084% | $169K | $2.7M | 4.8x | as long as short |
| Hyperliquid BNB | +0.0152% | 1h | 787.35 | +0.090% | $51.5M | $17.7M | 10x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 787.35 | +0.090% | $17.8M | $2.2M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.60 | −0.005% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0226% | 8h | 787.46 | +0.104% | $2.9M | $29.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0280% | 1h | 787.12 | +0.061% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.02 | +0.048% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 786.41 | −0.030% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0339% | 1h | 788.57 | +0.245% | $639K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.98 | +0.043% | $1.1M | $910K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0560% | 1h | 787.15 | +0.065% | $67K | $39K | 12x | as long as short |
dYdX BNB-USD
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Backpack BNB_USDC_PERP
Kalshi KXBNBPERP
Hyperliquid BNB
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P