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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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Funding you earn now, next payment 16:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h +0.012%
Price spread now: Phemex against Variational Omni+0.132%7-day average +0.103% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.132%, 7d avg +0.103%
Together, before fees−0.128%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.029% dearer against Variational Omni than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.103%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB786.850.0100pay 0.0100% / 8h5h 53m$4.3M$4.5M—
ShortPhemex BNBUSDT787.890.0089get 0.0089% / 8h5h 53m$68.5M$51.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$2.33
Price spread: +0.132% → +0.103%
$2.95
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$11.38
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phemex: live order book, 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 Variational Omni RFQ quote, 4 min ago3.34 bpdoesn't fit5.2 bp −$52doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago0.06 bp6.1 bp −$67.9 bp −$7911.7 bp −$1,174doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%1h787.13+0.036%$43K—200xas long as short
Kraken Futures PF_BNBUSD−0.0085%1h787.20+0.044%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.09+0.158%$4K—25xas long as short
Aster BNBUSDT0.0000%8h787.80+0.121%$5.9M$17.0M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.82+0.124%$3.0M$26.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h787.80+0.121%$139K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h788.22+0.174%$850K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.21+0.046%$9.5M—150xas long as short
MEXC BNB_USDT+0.0015%8h788.90+0.261%$83.4M$11.7M200xas long as short
Binance BNBUSDT+0.0015%8h787.87+0.130%$481.5M$765.7M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+2.318%$19K$789K30xas long as short
Bybit BNBUSDT+0.0046%8h786.92+0.009%$138.5M$67.0M75xas long as short
BloFin BNB-USDT+0.0063%8h787.99+0.145%$18.4M$2.2M75xas long as short
Phemex BNBUSDTshort+0.0089%8h787.89+0.132%$68.5M$51.1M50x
Lighter BNB+0.0096%1h787.45+0.077%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h787.02+0.021%$1.4M$2.4M20xas long as short
Hyperliquid BNB+0.0100%1h787.92+0.136%$51.9M$16.7M10xas long as short
Pacifica BNB+0.0100%1h787.51+0.084%$1.2M$932K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.00+0.019%$53.3M$102.1M50xas long as short
Arcus BNB-USD+0.0100%1h787.40+0.070%$57K$122K10xas long as short
Gate BNB_USDT+0.0100%8h787.20+0.045%$41.2M$53.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.08+0.029%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h786.98+0.017%$75.6M$30.7M75xas long as short
BingX BNB-USDC+0.0100%8h787.26+0.052%—$13.4M—as long as short
Backpack BNB_USDC_PERP+0.0100%1h787.70+0.108%$2.2M$6.0M40xas long as short
Variational Omni BNBlong+0.0100%8h786.85long leg$4.3M$4.5M—
edgeX BNBUSDC+0.0100%4h787.81+0.122%$4.1M$74.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.94+0.139%$159K$444K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.11+0.033%$130K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.34+0.062%$264K$297K50xas long as short
SunX BNB-USDT+0.0100%8h787.76+0.116%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50+0.083%$387K$926K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h787.64+0.101%$1.5M$157K25xas long as short
HTX BNB-USDT+0.0100%8h787.57+0.092%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.67+0.104%$88K$371K50xas long as short
Extended BNB-USD+0.0104%1h786.77−0.010%$1.8M$5.6M50xas long as short
Aevo BNB-PERP+0.0104%1h787.16+0.040%$378K$110K10xas long as short
Phoenix BNB+0.0120%1h787.92+0.136%$158K$45K10xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h787.48+0.080%$545K$1.9M50xas long as short
01 Exchange BNBUSD+0.0240%1h787.70+0.108%$28K$3K10xas long as short
Bulk BNB-USD+0.0282%1h788.09+0.158%$639K$010xas long as short
Reya BNBRUSDPERP+0.0317%1h786.81−0.005%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0320%1h787.45+0.076%$67K$37K12xas long as short
RISEx BNB/USDC+0.0393%1h787.52+0.085%$1.1M$901K20xas long as short
dYdX BNB-USD+0.1010%1h787.47+0.079%$158K$34K10xas long as short