Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.014%
Price spread now: Injective against Variational Omni+2.322%7-day average −0.065% · 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)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−2.998%−$300 · spread now +2.322%, 7d avg −0.065%
=Together, before fees−2.928%+ Points / potential airdropVariational Omni: Active · farm board−$293 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 2.387% dearer against Variational Omni than usual: you sell high and buy low (spread +2.322% now, against its 7-day average of −0.065%): +$239 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 4 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BNB | 786.82 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $4.3M | $4.9M | — |
| Short | Injective BNB/USDC PERP | 805.09 | 0.0033 | get 0.0004% / 1h | 44m 45s | $19K | $789K | 30x |
Variational Omni BNB
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +2.322% → −0.065%
- $238.65
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $224.63
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Injective: 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, 4 min ago | 3.34 bp | doesn't fit | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 −0.0168% / S +0.0337% | 1h | 786.66 | −0.020% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.29 | +0.060% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 786.58 | −0.030% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.49 | +0.085% | $3.0M | $27.6M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.89 | +0.136% | $850K | $2.7M | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | 0.0000% | 1h | 787.04 | +0.028% | $1.5M | $141K | 25x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.63 | −0.024% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0027% | 8h | 787.23 | +0.053% | $6.0M | $18.5M | 200x | as long as short |
| Injective BNB/USDC PERPshort | +0.0033% | 1h | 805.09 | +2.322% | $19K | $789K | 30x | |
| BingX BNB-USDC | +0.0036% | 8h | 786.99 | +0.022% | — | $13.4M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
Deribit BNB_USDC-PERPETUAL
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDCShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0043% | 8h | 787.11 | +0.037% | $489.7M | $812.7M | 75x | as long as short |
| MEXC BNB_USDT | +0.0044% | 8h | 788.30 | +0.188% | $82.0M | $12.1M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.76 | −0.008% | $2.7M | $3.6M | 20x | as long as short |
| dYdX BNB-USD | +0.0098% | 1h | 787.07 | +0.031% | $157K | $64K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.85 | +0.004% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.25 | +0.055% | $51.6M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.88 | +0.007% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.50 | −0.041% | $138.5M | $73.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.40 | −0.053% | $53.5M | $111.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.20 | +0.048% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.75 | −0.009% | $39.2M | $55.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.51 | −0.039% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.32 | −0.064% | $75.4M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.03 | +0.027% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNBlong | +0.0100% | 8h | 786.82 | long leg | $4.3M | $4.9M | — | |
| edgeX BNBUSDC | +0.0100% | 4h | 787.45 | +0.080% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.37 | +0.070% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.10 | +0.036% | $132K | $942K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.76 | −0.008% | $264K | $358K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.23 | +0.052% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.47 | +0.083% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.80 | −0.003% | $387K | $948K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.23 | +0.052% | $8.0M | $10.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.52 | +0.089% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.29 | −0.067% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.65 | −0.022% | $378K | $110K | 10x | as long as short |
| Phemex BNBUSDT | +0.0106% | 8h | 787.34 | +0.066% | $68.6M | $51.1M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0114% | 8h | 787.40 | +0.074% | $171K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 786.59 | −0.029% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.48 | +0.084% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDT | +0.0163% | 8h | 787.48 | +0.084% | $17.7M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0215% | 1h | 787.68 | +0.109% | $638K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.52 | +0.089% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 786.71 | −0.014% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 787.29 | +0.060% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 787.30 | +0.061% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
MEXC BNB_USDT
Lighter BNB
dYdX BNB-USD
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P