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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 02:00 UTC+0.0075%/8h= +8.3% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against Variational Omni+0.259%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.133%+$13 on $10k
Price spread, last 7 days−0.224%−$22 · spread now +0.259%, 7d avg +0.057%
Together, before fees−0.090%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.201% dearer against Variational Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB793.330.0025pay 0.0025% / 8h6h 29m$4.1M$4.9M—
ShortHyperliquid BNB795.380.0100get 0.0013% / 1h29m 33s$52.1M$19.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$15.84
Price spread: +0.259% → +0.057%
$20.14
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$26.98
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Hyperliquid: live order book, 4 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, 5 min ago3.34 bpdoesn't fit5.4 bp −$54doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.06 bp4.8 bp −$56.9 bp −$69doesn't fitdoesn't fit

BNB on 45 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 −0.0167% / S +0.0335%1h794.30+0.122%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0131%1h794.59+0.159%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h794.51+0.149%$4K$23925xas long as short
StandX BNB-USD0.0000%1h794.76+0.181%$859K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h794.33+0.126%$9.7M—150xas long as short
Variational Omni BNBlong+0.0025%8h793.33long leg$4.1M$4.9M—
Injective BNB/USDC PERP+0.0033%1h805.09+1.483%$19K$789K30xas long as short
Aster BNBUSDT+0.0036%8h795.39+0.260%$6.1M$19.7M200xas long as short
Gate BNB_USDT+0.0040%8h794.70+0.173%$35.4M$55.9M75xas long as short
GRVT BNB_USDT_Perp+0.0044%8h793.45+0.016%$3.0M$28.8M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDC+0.0048%8h794.77+0.182%—$13.4M—as long as short
Phemex BNBUSDT+0.0052%8h794.89+0.197%$69.5M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h791.17−0.272%$607K$1.1M50xas long as short
MEXC BNB_USDT+0.0063%8h795.70+0.299%$82.5M$12.8M200xas long as short
Binance BNBUSDT+0.0063%8h795.38+0.259%$494.8M$811.2M75xas long as short
dYdX BNB-USD+0.0064%1h794.66+0.169%$161K$63K10xas long as short
Phoenix BNB+0.0088%1h793.37+0.005%$170K$36K10xas long as short
Lighter BNB+0.0096%1h795.05+0.218%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h794.44+0.140%$384K$409K50xas long as short
Nado BNB-PERP+0.0100%1h793.75+0.053%$1.4M$2.7M20xas long as short
Hyperliquid BNBshort+0.0100%1h795.38+0.259%$52.1M$19.8M10x
Pacifica BNB+0.0100%1h795.12+0.226%$1.2M$925K20xas long as short
Bybit BNBUSDT+0.0100%8h794.70+0.173%$138.6M$75.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h794.40+0.135%$53.3M$110.5M50xas long as short
Arcus BNB-USD+0.0100%1h794.90+0.198%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h794.66+0.168%$27.7M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h794.56+0.155%$77.4M$28.3M75xas long as short
edgeX BNBUSDC+0.0100%4h794.24+0.115%$4.1M$77.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h794.07+0.094%$160K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h794.34+0.128%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h794.58+0.158%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h794.00+0.085%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h794.70+0.173%$391K$995K10xas long as short
HTX BNB-USDT+0.0100%8h794.16+0.105%$8.1M$8.8M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h795.18+0.233%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h794.38+0.133%$1.7M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h794.58+0.157%$382K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h794.90+0.199%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0160%8h795.20+0.236%$112K$2.7M4.8xas long as short
Bulk BNB-USD+0.0175%1h792.60−0.092%$642K$16K10xas long as short
01 Exchange BNBUSD+0.0256%1h795.32+0.251%$28K$2K10xas long as short
Reya BNBRUSDPERP+0.0329%1h794.11+0.099%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0392%1h795.45+0.268%$2.7M$5.7M40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h795.00+0.211%$1.6M$160K25xas long as short
Hibachi BNB/USDT-P+0.0536%1h794.41+0.136%$68K$38K12xas long as short