Funding you earn now, next payment 21:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.001%
Price spread now: Variational Omni against Derive−0.065%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.065% cheaper against Derive than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BNB-PERP | 804.09 | 0.0100 | pay 0.0013% / 1h | 20m 24s | $32K | $5K | 10x |
| Short | Variational Omni BNB | 803.56 | 0.0068 | get 0.0068% / 8h | 3h 20m | $4.1M | $5.5M | — |
Derive BNB-PERP
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Derive. 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
- −$6.75
- Price spread: −0.065% → 0.000%
- −$6.51
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.26
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Variational Omni: RFQ quote, 4 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 Derive no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 3.32 bp | doesn't fit | 5.2 bp −$52 | doesn't fit | doesn't fit |
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 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 −0.0195% / S +0.0371% | 1h | 803.87 | −0.026% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.30 | +0.027% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.26 | −0.103% | $3.0M | $29.9M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.30 | +0.027% | $109K | $2.6M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.51 | −0.072% | $869K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.96 | −0.016% | $9.8M | — | 150x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 805.24 | +0.144% | $609K | $903K | 50x | as long as short |
| Variational Omni BNBshort | +0.0068% | 8h | 803.56 | −0.065% | $4.1M | $5.5M | — | |
| Aster BNBUSDT | +0.0089% | 8h | 804.61 | +0.065% | $6.3M | $19.0M | 200x | as long as short |
| MEXC BNB_USDT | +0.0095% | 8h | 804.90 | +0.101% | $84.4M | $15.2M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 804.17 | +0.010% | $2.8M | $4.2M | 20x | as long as short |
| Binance BNBUSDT | +0.0096% | 8h | 804.55 | +0.058% | $518.7M | $808.9M | 75x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.55 | −0.067% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.10 | +0.002% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 803.50 | −0.073% | $138.9M | $83.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.70 | −0.048% | $55.0M | $115.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.20 | +0.014% | $52K | $222K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 803.70 | −0.048% | $36.0M | $59.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.78 | −0.038% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.49 | −0.074% | $78.8M | $24.6M | 75x | as long as short |
| BingX BNB-USDT | +0.0100% | 8h | 804.01 | −0.009% | — | $34.5M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.63 | −0.057% | $4.2M | $77.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.41 | −0.084% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.86 | −0.028% | $118K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.88 | −0.026% | $388K | $596K | 50x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 804.09 | long leg | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 804.50 | +0.051% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 804.00 | −0.011% | $395K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.71 | −0.047% | $8.2M | $7.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.61 | +0.065% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.48 | −0.075% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.13 | +0.006% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0106% | 8h | 804.63 | +0.068% | $70.2M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0110% | 1h | 803.71 | −0.047% | $173K | $35K | 10x | as long as short |
| Bulk BNB-USD | +0.0126% | 1h | 804.44 | +0.044% | $650K | $11K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0131% | 1h | 803.94 | −0.018% | $2.5M | $915K | 50x | as long as short |
| RISEx BNB/USDC | +0.0143% | 1h | 804.19 | +0.013% | $1.1M | $1.4M | 20x | as long as short |
| Injective BNB/USDC PERP | +0.0157% | 1h | 800.33 | −0.467% | $19K | $423K | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 804.42 | +0.042% | $1.6M | $160K | 25x | as long as short |
| BloFin BNB-USDT | +0.0216% | 8h | 804.55 | +0.058% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0224% | 1h | 804.14 | +0.007% | $71K | $49K | 12x | as long as short |
| Hyperliquid BNB | +0.0252% | 1h | 804.63 | +0.068% | $51.7M | $21.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 804.70 | +0.076% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 803.54 | −0.068% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0414% | 1h | 804.10 | +0.002% | $170K | $55K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0642% | 1h | 805.10 | +0.126% | $3.0M | $5.3M | 40x | as long as short |
Lighter BNB
Binance BNBUSDT
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
Bulk BNB-USD
Kraken Futures PF_BNBUSD
RISEx BNB/USDC
Injective BNB/USDC PERP
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
Hibachi BNB/USDT-P
Hyperliquid BNB
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP