Settings8H · net · $10k
Funding arb · Price arb /

BNC

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1454%/8h= +159.2% APRnext payment +$14.54 per $10,000 · paid last 24h +0.616%
Price spread now: Variational Omni against Bitget−0.350%7-day average −0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.749%+$75 on $10k
Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.350%, 7d avg −0.035%
Together, before fees+0.861%+ Points / potential airdropVariational Omni: Active · farm board+$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.315% cheaper against Bitget than usual: you would sell low and buy high (spread −0.350% now, against its 7-day average of −0.035%). If the spread goes back, that is −$32 on $10k: about 17 hours of funding at the current rate (+$44 a day). At the pace of the last 4 days (+0.749% in total) that is about 36 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNCUSDT6.2108−0.2644get 0.2644% / 8h2h 30m$783K$4.2M5x
ShortVariational Omni BNC6.1890−0.1190pay 0.1190% / 8h2h 30m$115K$142K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$305.39
Price spread: −0.350% → −0.035%
−$31.51
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$261.88
Costs to cover
0.120%
Break-even
1.0 days
Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 19 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 Bitget live order book, 3 min ago7.80 bp36.0 bp −$3679.6 bp −$796doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 19 min ago3.09 bpdoesn't fit156.4 bp −$1,564doesn't fitdoesn't fit

BNC on 9 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
Bitget BNCUSDTlong−0.2644%8h6.2108long leg$783K$4.2M5x
Binance BNCUSDT−0.1324%8h6.2106−0.004%$13.4M$41.3M10xas long as short
Variational Omni BNCshort−0.1190%8h6.1890−0.350%$115K$142K
Bybit BNCUSDT−0.1142%8h6.2150+0.068%$563K$2.1M25xas long as short
Aster BNCUSD1−0.0718%8h6.2138+0.048%$178K$22K10xas long as short
HTX BNC-USDT−0.0117%8h6.1880−0.367%$14K$27K10xas long as short
QFEX BNC-USD−0.0022%1h6.1800−0.496%$49K$13K10xas long as short
KuCoin BNCUSDTM−0.0004%8h6.1960−0.238%$36K$3.0M20xas long as short
Bullet BNC-USD0.0000%1h6.1982−0.203%$9K$69K10xas long as short