Funding you earn now, next payment 01:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.011%
Price spread now: Variational Omni against Injective−0.891%106s7-day average +0.291% · 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)−0.074%−$7 on $10k
+Price spread, last 3 days (all we have)+1.237%+$124 · spread now −0.891%, 7d avg +0.291%
=Together, before fees+1.163%+ Points / potential airdropVariational Omni: Active · farm board+$116 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 1.182% cheaper against Injective than usual: you would sell low and buy high (−$118 if the spread goes back to its 7-day average of +0.291%). Swap the legs. The two prices were read 106 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 | Injective BNB/USDC PERP | 805.09 | 0.0033 | pay 0.0004% / 1h | 7m 25s | $19K | $789K | 30x |
| Short | Variational Omni BNB | 797.92 | 0.0008 | get 0.0008% / 8h | 7h 07m | $4.1M | $5.1M | — |
Injective BNB/USDC PERP
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- −$5.42
- Price spread: −0.891% → +0.291%
- −$118.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$123.6
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 3.33 bp | doesn't fit | 6.9 bp −$69 | doesn't fit | doesn't fit |
Injective: 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 −0.0159% / S +0.0335% | 1h | 798.17 | −0.859% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.16 | −0.860% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 797.49 | −0.944% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0004% | 8h | 797.00 | −1.005% | $35.8M | $57.1M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.15 | −0.738% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.87 | −0.773% | $863K | $3.0M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 798.74 | −0.789% | $69.8M | $50.2M | 50x | as long as short |
| Variational Omni BNBshort | +0.0008% | 8h | 797.92 | −0.891% | $4.1M | $5.1M | — | |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 797.12 | −0.989% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERPlong | +0.0033% | 1h | 805.09 | long leg | $19K | $789K | 30x |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDC | +0.0035% | 8h | 797.34 | −0.963% | — | $13.3M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | −0.748% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0048% | 8h | 797.69 | −0.919% | $6.1M | $19.5M | 200x | as long as short |
| Bybit BNBUSDT | +0.0069% | 8h | 796.90 | −1.017% | $138.5M | $76.2M | 75x | as long as short |
| Binance BNBUSDT | +0.0071% | 8h | 797.53 | −0.939% | $496.4M | $810.6M | 75x | as long as short |
| MEXC BNB_USDT | +0.0072% | 8h | 798.00 | −0.881% | $83.0M | $13.7M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 797.36 | −0.960% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.02 | −0.754% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 797.10 | −0.993% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 797.45 | −0.949% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 796.90 | −1.017% | $54.1M | $110.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 797.30 | −0.968% | $52K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 796.88 | −1.020% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 796.66 | −1.047% | $78.1M | $28.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.04 | −0.751% | $4.2M | $76.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.32 | −0.717% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 797.15 | −0.986% | $113K | $885K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.09 | −0.869% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.26 | −0.849% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.53 | −0.815% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.30 | −0.843% | $392K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.01 | −0.880% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 797.68 | −0.920% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 796.92 | −1.015% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.13 | −0.865% | $383K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0133% | 1h | 798.69 | −0.795% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 797.08 | −0.995% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0161% | 8h | 798.60 | −0.806% | $90K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0189% | 1h | 797.59 | −0.932% | $161K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0192% | 8h | 799.07 | −0.748% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 797.25 | −0.974% | $28K | $1K | 10x | as long as short |
| Hyperliquid BNB | +0.0285% | 1h | 797.85 | −0.899% | $53.0M | $20.1M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 798.63 | −0.803% | $1.6M | $161K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 796.70 | −1.042% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0344% | 1h | 798.94 | −0.764% | $68K | $39K | 12x | as long as short |
| Backpack BNB_USDC_PERP | +0.0431% | 1h | 798.53 | −0.815% | $2.7M | $5.7M | 40x | as long as short |
BingX BNB-USDC
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Bybit BNBUSDT
Binance BNBUSDT
MEXC BNB_USDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
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
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Hyperliquid BNB
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
Backpack BNB_USDC_PERP