BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.28 per $10,000 · paid last 24h +0.011%

Price spread now: Phemex against Variational Omni+0.089%7-day average +0.102% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.089%, 7d avg +0.102%

Together, before fees+0.061%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BNB	787.51	0.0100	pay 0.0100% / 8h	1h 05m	$4.0M	$4.8M	—
Short	Phemex BNBUSDT	788.21	0.0072	get 0.0072% / 8h	1h 05m	$68.9M	$51.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee Variational OmnibpFee PhemexbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$5.81
Price spread: +0.089% → +0.102%: −$1.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$19.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phemex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 4 min ago	3.34 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.89 bp	7.9 bp −$8	8.9 bp −$89	12.3 bp −$1,234	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 −0.0170% / S +0.0337%	1h	787.09	−0.054%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.02	+0.064%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.25	+0.094%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.17	−0.043%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.232%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0049%	8h	787.46	−0.007%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	787.77	+0.033%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0059%	8h	788.40	+0.113%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.70	+0.023%	$490.3M	$821.0M	75x	as long as short
dYdX BNB-USD	+0.0061%	1h	787.30	−0.026%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTshort	+0.0072%	8h	788.21	+0.089%	$68.9M	$51.1M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	−0.010%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.57	+0.007%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.20	−0.040%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.84	+0.042%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.63	+0.015%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.06	−0.057%	$138.5M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.052%	$53.6M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	−0.002%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−0.033%	$37.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.94	−0.073%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.10	−0.052%	$76.8M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.02	+0.064%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBlong	+0.0100%	8h	787.51	long leg	$4.0M	$4.8M	—
edgeX BNBUSDC	+0.0100%	4h	787.68	+0.021%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.74	+0.029%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.10	−0.052%	$132K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.19	−0.041%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.83	+0.040%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.00	+0.062%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	+0.037%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.16	+0.083%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.93	+0.053%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.98	−0.068%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.13	−0.049%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	788.40	+0.113%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.031%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	788.23	+0.091%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.97	+0.058%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.39	−0.015%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.043%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	787.96	+0.057%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.75	+0.030%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.93	−0.074%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.53	+0.003%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	787.88	+0.047%	$67K	$39K	12x	as long as short