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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 21:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.016%
Price spread now: Phoenix against Variational Omni+0.123%99s7-day average +0.116% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.130%+$13 on $10k
Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.123%, 7d avg +0.116%
Together, before fees+0.124%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.116%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB804.630.0049pay 0.0049% / 8h2h 09m$4.1M$5.4M—
ShortPhoenix BNB805.620.0125get 0.0016% / 1h9m 55s$173K$35K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$15.97
Price spread: +0.123% → +0.116%
$0.69
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$9.67
Costs to cover
0.070%
Break-even
2.8 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phoenix: live order book, 6 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 ago3.33 bpdoesn't fit7.4 bp −$74doesn't fitdoesn't fit
Sell Phoenix live order book, 6 min ago0.99 bp12.4 bp −$1243.1 bp −$431doesn'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 −0.0195% / S +0.0371%1h804.88+0.031%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.14+0.063%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.48+0.106%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.90+0.158%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.97+0.042%$870K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.00+0.046%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h804.99+0.045%$2.5M$919K50xas long as short
Variational Omni BNBlong+0.0049%8h804.63long leg$4.1M$5.4M—
BingX BNB-USDC+0.0055%8h804.89+0.032%—$13.3M—as long as short
Bybit BNBUSDT+0.0080%8h804.50−0.016%$139.6M$81.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h805.15+0.065%$608K$881K50xas long as short
Lighter BNB+0.0096%1h805.09+0.058%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h805.50+0.108%$6.4M$18.9M200xas long as short
Nado BNB-PERP+0.0100%1h804.90+0.034%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.50+0.108%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.60−0.004%$55.2M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h805.40+0.096%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.65+0.002%$36.1M$59.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.74+0.014%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.38−0.031%$79.0M$24.8M75xas long as short
edgeX BNBUSDC+0.0100%4h806.79+0.269%$4.2M$77.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.36+0.215%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.96+0.041%$116K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.00+0.046%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.99+0.044%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.63+0.125%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.38+0.094%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h805.30+0.084%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.95+0.164%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.56−0.008%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.12+0.061%$387K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h805.70+0.133%$84.6M$13.7M200xas long as short
Binance BNBUSDT+0.0115%8h805.42+0.098%$520.6M$806.1M75xas long as short
Phoenix BNBshort+0.0125%1h805.62+0.123%$173K$35K10x
Phemex BNBUSDT+0.0134%8h805.52+0.111%$70.3M$51.8M50xas long as short
SoDEX BNB-USD+0.0196%1h804.90+0.034%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h805.26+0.079%$1.1M$1.5M20xas long as short
Hyperliquid BNB+0.0210%1h805.43+0.099%$51.9M$22.0M10xas long as short
BloFin BNB-USDT+0.0234%8h805.45+0.102%$18.9M$3.1M75xas long as short
dYdX BNB-USD+0.0245%1h804.86+0.029%$170K$55K10xas long as short
Hibachi BNB/USDT-P+0.0256%1h805.00+0.046%$71K$48K12xas long as short
Bulk BNB-USD+0.0258%1h805.37+0.092%$651K$14K10xas long as short
Reya BNBRUSDPERP+0.0334%1h804.70+0.008%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h805.87+0.154%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.032%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0651%1h805.87+0.154%$3.0M$5.5M40xas long as short