Funding you earn now, next payment 12:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h +0.013%
Price spread now: Derive against Variational Omni+0.071%7-day average — · 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)—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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Derive is 0.071% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BNB | 787.03 | 0.0043 | pay 0.0043% / 8h | 4h 09m | $4.3M | $3.7M | — |
| Short | Derive BNB-PERP | 787.59 | 0.0100 | get 0.0013% / 1h | 9m 38s | $31K | $10K | 10x |
Variational Omni BNB
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12
- Price spread: +0.071% → 0.000%
- $7.11
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $13.11
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Derive: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago | 3.34 bp | doesn't fit | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 exchanges
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 −0.0166% / S +0.0336% | 1h | 787.40 | +0.046% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0138% | 1h | 787.51 | +0.061% | $2.6M | $1.4M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.19 | +0.147% | $4K | — | 25x | as long as short |
| Bybit BNBUSDT | −0.0077% | 8h | 787.35 | +0.040% | $139.1M | $63.2M | 75x | as long as short |
| BingX BNB-USDT | −0.0076% | 8h | 787.85 | +0.104% | — | $49.9M | — | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 788.32 | +0.163% | $5.9M | $16.2M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.83 | +0.101% | $3.0M | $26.7M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.75 | +0.091% | $850K | $3.1M | 30x | as long as short |
| MEXC BNB_USDT | +0.0002% | 8h | 789.50 | +0.313% | $83.8M | $11.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0003% | 8h | 788.34 | +0.166% | $480.9M | $726.6M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Bybit BNBUSDT
BingX BNB-USDT
Aster BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
MEXC BNB_USDT
Binance BNBUSDTShow all 46 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.40 | +0.047% | $9.5M | — | 150x | as long as short |
| BloFin BNB-USDT | +0.0014% | 8h | 788.25 | +0.155% | $18.5M | $2.2M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.294% | $19K | $789K | 30x | as long as short |
| Variational Omni BNBlong | +0.0043% | 8h | 787.03 | long leg | $4.3M | $3.7M | — | |
| Phemex BNBUSDT | +0.0077% | 8h | 788.13 | +0.139% | $68.3M | $48.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.88 | +0.108% | $2.7M | $3.0M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.37 | +0.043% | $1.3M | $2.2M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.34 | +0.166% | $52.2M | $15.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.94 | +0.115% | $1.2M | $483K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.50 | +0.059% | $53.4M | $96.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.70 | +0.085% | $57K | $48K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.65 | +0.078% | $42.9M | $52.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.58 | +0.069% | $28.4M | $9.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.42 | +0.049% | $76.1M | $30.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.85 | +0.104% | $2.2M | $6.0M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.73 | +0.088% | $4.1M | $69.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.04 | +0.128% | $159K | $462K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.36 | +0.041% | $125K | $908K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.47 | +0.055% | $264K | $257K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 787.59 | +0.071% | $31K | $10K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 788.01 | +0.125% | $12K | $1.2M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.70 | +0.085% | $387K | $909K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 787.75 | +0.091% | $1.5M | $128K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.27 | +0.157% | $8.0M | $9.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.18 | +0.145% | $78K | $1.3M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0101% | 8h | 788.20 | +0.148% | $173K | $2.4M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.16 | +0.016% | $1.8M | $5.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.46 | +0.054% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0116% | 1h | 787.97 | +0.119% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 787.88 | +0.108% | $534K | $1.7M | 50x | as long as short |
| dYdX BNB-USD | +0.0174% | 1h | 787.62 | +0.074% | $158K | $31K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0216% | 1h | 787.78 | +0.095% | $67K | $26K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 788.09 | +0.134% | $28K | $2K | 10x | as long as short |
| Bulk BNB-USD | +0.0270% | 1h | 787.94 | +0.115% | $638K | $13K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0315% | 1h | 786.99 | −0.005% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0391% | 1h | 787.79 | +0.096% | $1.1M | $860K | 20x | as long as short |
gTrade (Gains Network) BNB/USD
BloFin BNB-USDT
Injective BNB/USDC PERP
Phemex BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC