Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.49 per $10,000 · paid last 24h −0.005%
Price spread now: Variational Omni against Kalshi−0.110%7-day average −0.049% · 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)+0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.110%, 7d avg −0.049%
=Together, before fees−0.027%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.061% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.049%). If the spread goes back, that is −$6 on $10k: about 4.2 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.002% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBNBPERP | 804.60 | 0 | get 0.0000% / 8h | 6h 28m | $112K | $2.5M | 4.8x |
| Short | Variational Omni BNB | 803.71 | 0.0049 | get 0.0049% / 8h | 2h 28m | $4.0M | $5.4M | — |
Kalshi KXBNBPERP
Variational Omni BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kalshi. 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
- $10.21
- Price spread: −0.110% → −0.049%
- −$6.1
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.9
- Costs to cover
- 0.100%
- Break-even
- 11.0 days
Slippage unknown: Kalshi: live order book, 4 min ago; Variational Omni: RFQ quote, just now. 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 Kalshi live order book, 4 min ago | 3.73 bp | 8.7 bp −$9 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 3.32 bp | doesn't fit | 6.9 bp −$69 | 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 −0.0195% / S +0.0371% | 1h | 803.87 | −0.091% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.28 | −0.040% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.60 | +0.001% | $3.0M | $29.3M | 10x | as long as short |
| Kalshi KXBNBPERPlong | 0.0000% | 8h | 804.60 | long leg | $112K | $2.5M | 4.8x | |
| StandX BNB-USD | 0.0000% | 1h | 804.09 | −0.063% | $869K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.92 | −0.085% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 804.29 | −0.039% | $2.5M | $909K | 50x | as long as short |
| Variational Omni BNBshort | +0.0049% | 8h | 803.71 | −0.110% | $4.0M | $5.4M | — | |
| BingX BNB-USDC | +0.0054% | 8h | 804.24 | −0.045% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0075% | 8h | 803.90 | −0.087% | $139.4M | $82.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
BingX BNB-USDC
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 804.19 | −0.051% | $609K | $878K | 50x | as long as short |
| Aster BNBUSDT | +0.0090% | 8h | 804.71 | +0.013% | $6.4M | $18.8M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 804.30 | −0.038% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.76 | −0.104% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.19 | −0.051% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.10 | −0.062% | $55.1M | $115.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.30 | −0.037% | $53K | $165K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.00 | −0.075% | $35.9M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.88 | −0.089% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.97 | −0.078% | $79.1M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.62 | +0.002% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.73 | +0.016% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.85 | −0.093% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.14 | −0.057% | $389K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 804.27 | −0.041% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 804.66 | +0.007% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 804.61 | +0.002% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.24 | −0.044% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.69 | +0.011% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.91 | −0.085% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.15 | −0.055% | $386K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0106% | 8h | 805.10 | +0.062% | $84.4M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0107% | 8h | 804.95 | +0.043% | $519.4M | $803.1M | 75x | as long as short |
| Phemex BNBUSDT | +0.0125% | 8h | 804.61 | +0.001% | $70.2M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.93 | −0.083% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0161% | 1h | 804.79 | +0.024% | $51.7M | $21.3M | 10x | as long as short |
| SoDEX BNB-USD | +0.0181% | 1h | 804.10 | −0.062% | $396K | $1.0M | 10x | as long as short |
| Bulk BNB-USD | +0.0197% | 1h | 804.34 | −0.032% | $650K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.35 | −0.032% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0227% | 8h | 804.67 | +0.009% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 804.11 | −0.061% | $71K | $48K | 12x | as long as short |
| dYdX BNB-USD | +0.0272% | 1h | 804.28 | −0.040% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0328% | 1h | 804.92 | +0.040% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 803.68 | −0.114% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | +0.036% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0653% | 1h | 805.01 | +0.051% | $3.0M | $5.4M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Lighter BNB
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
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
SoDEX BNB-USD
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP