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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 01:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h +0.067%
Price spread now: Reya against Kalshi−0.136%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on KalshiShort on Reya
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.136% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.6 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXBNBPERP799.400.0155pay 0.0155% / 8h3h 22m$90K$2.8M4.8x
ShortReya BNBRUSDPERP798.310.0330get 0.0041% / 1h22m 14s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Kalshi. 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
$36.73
Price spread: −0.136% → 0.000%
−$13.64
Slippage, 4 orders
no order book: not counted
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$7.09
Costs to cover
0.160%
Break-even
5.6 days
Slippage unknown: Kalshi: live order book, 1 min ago; Reya: no order-book sample. 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 Kalshi live order book, 1 min ago2.50 bp7.5 bp −$813.4 bp −$134doesn't fitdoesn't fit
Sell Reya no order-book sample—————
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h798.68−0.090%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.54−0.108%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.11−0.036%$4K$23925xas long as short
BingX BNB-USDT−0.0024%8h798.80−0.075%—$35.0M—as long as short
GRVT BNB_USDT_Perp0.0000%8h800.63+0.154%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h800.20+0.100%$865K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.29−0.014%$69.8M$50.1M50xas long as short
Variational Omni BNB+0.0003%8h799.72+0.040%$4.1M$5.2M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.66−0.093%$9.7M—150xas long as short
Bybit BNBUSDT+0.0010%8h798.49−0.114%$138.9M$76.2M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BNB_USDT+0.0020%8h798.50−0.113%$35.8M$56.6M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.712%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.041%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0057%8h799.17−0.029%$6.2M$19.4M200xas long as short
Binance BNBUSDT+0.0079%8h799.17−0.029%$496.1M$811.9M75xas long as short
MEXC BNB_USDT+0.0079%8h799.60+0.025%$83.1M$13.7M200xas long as short
Lighter BNB+0.0096%1h798.86−0.068%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.45+0.131%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.65−0.094%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.22−0.023%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.60−0.100%$54.2M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h799.10−0.038%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.54−0.108%$27.9M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h798.17−0.154%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h800.60+0.150%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.54+0.018%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.73−0.084%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.65−0.094%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.77−0.078%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.11−0.036%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.80−0.075%$393K$998K10xas long as short
HTX BNB-USDT+0.0100%8h798.72−0.085%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.37−0.004%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.32−0.135%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.72−0.085%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28−0.015%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.78−0.077%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERPlong+0.0155%8h799.40long leg$90K$2.8M4.8x
BloFin BNB-USDT+0.0200%8h799.81+0.051%$18.1M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.88−0.065%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.08−0.040%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0202%1h799.08−0.040%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0240%1h799.78+0.047%$69K$38K12xas long as short
Hyperliquid BNB+0.0302%1h799.41+0.001%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERPshort+0.0330%1h798.31−0.136%$6K$3K40x
Backpack BNB_USDC_PERP+0.0396%1h799.92+0.065%$2.7M$5.7M40xas long as short