Funding you earn now, next payment 08:00 UTC+0.0404%/8h= +44.2% APRnext payment +$4.04 per $10,000 · paid last 24h −0.067%
Price spread now: Bybit against Variational Omni−0.108%7-day average +0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)+0.887%+$89 · spread now −0.108%, 7d avg +0.051%
=Together, before fees+0.769%+ Points / potential airdropVariational Omni: Active · farm board+$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.160% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.051%). If the spread goes back, that is −$16 on $10k: about 32 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 4 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.118% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BNC | 6.2598 | −0.0794 | get 0.0794% / 8h | 36m 47s | $117K | $141K | — |
| Short | Bybit BNCUSDT | 6.2530 | −0.0391 | pay 0.0391% / 8h | 36m 47s | $562K | $1.9M | 25x |
Variational Omni BNC
Bybit BNCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $84.75
- Price spread: −0.108% → +0.051%
- −$15.95
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $57.8
- Costs to cover
- 0.110%
- Break-even
- 2.2 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bybit: live order book, 5 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 Variational Omni RFQ quote, 2 min ago | 3.08 bp | doesn't fit | 136.4 bp −$1,364 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.40 bp | 132.0 bp −$132 | 228.3 bp −$2,283 | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.1091% | 8h | 6.2722 | +0.198% | $792K | $4.1M | 5x | as long as short |
| Binance BNCUSDT | −0.0968% | 8h | 6.2500 | −0.156% | $13.4M | $40.3M | 10x | as long as short |
| Variational Omni BNClong | −0.0794% | 8h | 6.2598 | long leg | $117K | $141K | — | |
| Aster BNCUSD1 | −0.0498% | 8h | 6.2526 | −0.114% | $179K | $22K | 10x | as long as short |
| Bybit BNCUSDTshort | −0.0391% | 8h | 6.2530 | −0.108% | $562K | $1.9M | 25x | |
| Bullet BNC-USD | 0.0000% | 1h | 6.2547 | −0.081% | $9K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.2610 | +0.019% | $14K | $27K | 10x | as long as short |
| QFEX BNC-USD | +0.0032% | 1h | 6.2600 | +0.004% | $49K | $13K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0100% | 8h | 6.2560 | −0.060% | $41K | $3.0M | 20x | as long as short |
Bitget BNCUSDT
Binance BNCUSDT
Aster BNCUSD1
Bullet BNC-USD
HTX BNC-USDT
QFEX BNC-USD
KuCoin BNCUSDTM