BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h −0.014%

Price spread now: Variational Omni against Kalshi−0.075%7-day average −0.058% · you buy dearer than you sell

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

Long on Kalshi Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.075%, 7d avg −0.058%

Together, before fees+0.010%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.058%, 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	Kalshi KXBNBPERP	789.00	0.0140	pay 0.0140% / 8h	6h 05m	$163K	$2.7M	4.8x
Short	Variational Omni BNB	788.41	0.0100	get 0.0100% / 8h	2h 05m	$4.0M	$4.8M	—

Funding 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 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 KalshibpFee Variational OmnibpOrdersPrice spread, now −0.075%Rate

Funding earned: −$8.39
Price spread: −0.075% → −0.058%: −$1.6
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 Kalshi live order book, 3 min ago	3.17 bp	8.2 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.34 bp	doesn't fit	7.4 bp −$74	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 −0.0192% / S +0.0356%	1h	788.50	−0.063%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.19	+0.024%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.92	−0.010%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.52	−0.061%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.039%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0044%	8h	789.35	+0.044%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	788.78	−0.028%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0061%	8h	789.26	+0.033%	$69.1M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	789.50	+0.063%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.17	+0.022%	$491.3M	$815.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	788.55	−0.058%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	−0.079%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.77	−0.029%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.67	−0.042%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.15	−0.108%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.43	+0.054%	$51.7M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.90	−0.013%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.60	−0.051%	$138.8M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−0.051%	$53.6M	$113.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.80	−0.025%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.65	−0.044%	$36.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.42	−0.074%	$27.8M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.36	−0.081%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.09	+0.011%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBshort	+0.0100%	8h	788.41	−0.075%	$4.0M	$4.8M	—
edgeX BNBUSDC	+0.0100%	4h	788.22	−0.099%	$4.1M	$75.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.81	−0.151%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.44	−0.071%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.88	−0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.13	+0.016%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.22	−0.099%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.01	+0.001%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.33	−0.085%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.68	−0.040%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.87	−0.143%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0122%	1h	788.80	−0.025%	$388K	$989K	10x	as long as short
dYdX BNB-USD	+0.0136%	1h	788.46	−0.069%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0140%	8h	789.00	long leg	$163K	$2.7M	4.8x
BloFin BNB-USDT	+0.0187%	8h	788.82	−0.023%	$17.6M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.04	+0.005%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0221%	8h	788.50	−0.064%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	789.16	+0.020%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	788.30	−0.088%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0378%	1h	788.15	−0.108%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.84	−0.020%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.09	−0.116%	$67K	$39K	12x	as long as short