Funding you earn now, next payment 00:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h −0.067%
Price spread now: Variational Omni against Hyperliquid−0.328%7-day average −0.056% · 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)−0.128%−$13 on $10k
+Price spread, last 7 days+0.288%+$29 · spread now −0.328%, 7d avg −0.056%
=Together, before fees+0.161%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.272% cheaper against Hyperliquid than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BNB | 800.17 | 0.0245 | pay 0.0031% / 1h | 4m 15s | $52.5M | $20.8M | 10x |
| Short | Variational Omni BNB | 797.54 | 0.0007 | get 0.0007% / 8h | 4m 15s | $4.1M | $5.4M | — |
Hyperliquid BNB
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hyperliquid. 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
- −$49.87
- Price spread: −0.328% → −0.056%
- −$27.2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$86.07
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Variational Omni: RFQ quote, 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 Hyperliquid live order book, 9 min ago | 0.19 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 3.33 bp | doesn't fit | 5.6 bp −$56 | doesn't fit | doesn't fit |
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 −0.0201% / S +0.0372% | 1h | 799.27 | −0.113% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.29 | −0.110% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 799.27 | −0.112% | $2.5M | $975K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.60 | −0.196% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.91 | −0.157% | $863K | $2.9M | 30x | as long as short |
| Variational Omni BNBshort | +0.0007% | 8h | 797.54 | −0.328% | $4.1M | $5.4M | — | |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.36 | −0.102% | $9.7M | — | 150x | as long as short |
| BingX BNB-USDC | +0.0030% | 8h | 799.21 | −0.120% | — | $13.4M | — | as long as short |
| Bybit BNBUSDT | +0.0037% | 8h | 799.00 | −0.146% | $138.7M | $77.0M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 798.68 | −0.186% | $602K | $986K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0078% | 8h | 799.84 | −0.041% | $6.2M | $19.2M | 200x | as long as short |
| Phemex BNBUSDT | +0.0094% | 8h | 799.74 | −0.054% | $69.9M | $50.6M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.56 | −0.076% | $2.8M | $4.1M | 20x | as long as short |
| MEXC BNB_USDT | +0.0099% | 8h | 800.20 | +0.004% | $83.2M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0099% | 8h | 799.83 | −0.042% | $497.9M | $818.2M | 75x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.00 | −0.146% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.33 | −0.105% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.10 | −0.134% | $54.4M | $112.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.30 | −0.109% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.00 | −0.146% | $35.7M | $58.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.28 | −0.111% | $28.0M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.04 | −0.141% | $78.9M | $27.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.64 | −0.191% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.12 | −0.131% | $161K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.23 | −0.117% | $116K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.22 | −0.119% | $386K | $494K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.42 | −0.094% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.86 | −0.039% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.40 | −0.096% | $393K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 799.73 | −0.055% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.23 | −0.242% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.64 | −0.066% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.89 | −0.160% | $1.8M | $6.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.45 | −0.090% | $384K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 798.37 | −0.225% | $172K | $36K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0152% | 8h | 799.60 | −0.071% | $90K | $2.9M | 4.8x | as long as short |
| Hibachi BNB/USDT-P | +0.0152% | 1h | 798.38 | −0.224% | $70K | $43K | 12x | as long as short |
| Bulk BNB-USD | +0.0191% | 1h | 798.83 | −0.168% | $649K | $17K | 10x | as long as short |
| BloFin BNB-USDT | +0.0219% | 8h | 798.91 | −0.157% | $18.1M | $2.5M | 75x | as long as short |
| Hyperliquid BNBlong | +0.0245% | 1h | 800.17 | long leg | $52.5M | $20.8M | 10x | |
| RISEx BNB/USDC | +0.0258% | 1h | 799.18 | −0.124% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 799.64 | −0.066% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.615% | $19K | $789K | 30x | as long as short |
| dYdX BNB-USD | +0.0331% | 1h | 798.88 | −0.161% | $161K | $63K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 798.90 | −0.159% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0339% | 1h | 799.62 | −0.069% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Phemex BNBUSDT
Lighter BNB
MEXC BNB_USDT
Binance BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
Hibachi BNB/USDT-P
Bulk BNB-USD
BloFin BNB-USDT
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
dYdX BNB-USD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP