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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0118%/8h= +12.9% APRnext payment +$1.18 per $10,000 · paid last 24h +0.014%
Price spread now: Kalshi against Variational Omni+0.025%7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.165%+$16 · spread now +0.025%, 7d avg +0.053%
Together, before fees+0.162%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kalshi is 0.028% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.053%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB794.100.0038pay 0.0038% / 8h6h 19m$4.1M$4.9M—
ShortKalshi KXBNBPERP794.300.0156get 0.0156% / 8h2h 19m$113K$2.7M4.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi 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

Funding earned
$24.79
Price spread: +0.025% → +0.053%
−$2.78
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$12.01
Costs to cover
0.100%
Break-even
3.6 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Kalshi: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 5 min ago3.33 bpdoesn't fit5.7 bp −$57doesn't fitdoesn't fit
Sell Kalshi live order book, 4 min ago2.51 bp12.7 bp −$1318.3 bp −$183doesn't fitdoesn't fit

BNB on 45 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 −0.0167% / S +0.0335%1h793.48−0.078%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0132%1h792.90−0.152%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h793.56−0.068%$4K$23925xas long as short
StandX BNB-USD0.0000%1h795.71+0.202%$860K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h793.49−0.077%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.384%$19K$789K30xas long as short
Aster BNBUSDT+0.0035%8h793.68−0.053%$6.1M$19.7M200xas long as short
Variational Omni BNBlong+0.0038%8h794.10long leg$4.1M$4.9M—
BingX BNB-USDC+0.0050%8h794.02−0.010%—$13.4M—as long as short
Gate BNB_USDT+0.0053%8h793.15−0.120%$35.4M$56.5M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0056%1h795.53+0.180%$610K$1.1M50xas long as short
Phemex BNBUSDT+0.0060%8h793.58−0.066%$69.4M$50.7M50xas long as short
MEXC BNB_USDT+0.0062%8h793.80−0.038%$82.4M$12.8M200xas long as short
Binance BNBUSDT+0.0062%8h793.76−0.043%$493.7M$810.0M75xas long as short
GRVT BNB_USDT_Perp+0.0070%8h795.62+0.191%$3.0M$28.5M10xas long as short
dYdX BNB-USD+0.0075%1h792.94−0.146%$160K$63K10xas long as short
Phoenix BNB+0.0088%1h794.99+0.112%$171K$36K10xas long as short
Lighter BNB+0.0096%1h793.38−0.091%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h793.01−0.138%$383K$409K50xas long as short
Nado BNB-PERP+0.0100%1h793.75−0.044%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h793.77−0.042%$52.0M$19.3M10xas long as short
Pacifica BNB+0.0100%1h793.40−0.088%$1.2M$915K20xas long as short
Bybit BNBUSDT+0.0100%8h793.10−0.126%$138.6M$75.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h792.90−0.152%$53.2M$110.1M50xas long as short
Arcus BNB-USD+0.0100%1h793.40−0.089%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h792.97−0.143%$27.7M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h792.98−0.141%$77.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h794.91+0.101%$4.1M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h795.56+0.183%$160K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h793.54−0.071%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h793.25−0.107%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h794.14+0.004%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h793.10−0.126%$390K$997K10xas long as short
HTX BNB-USDT+0.0100%8h793.92−0.023%$8.1M$8.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h793.91−0.024%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h792.84−0.159%$1.7M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h793.03−0.135%$381K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h793.55−0.070%$1.1M$1.1M20xas long as short
Kalshi KXBNBPERPshort+0.0156%8h794.30+0.025%$113K$2.7M4.8x
Bulk BNB-USD+0.0195%1h795.93+0.230%$644K$16K10xas long as short
01 Exchange BNBUSD+0.0256%1h793.83−0.034%$28K$3K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h793.43−0.085%$1.6M$160K25xas long as short
Reya BNBRUSDPERP+0.0329%1h793.30−0.102%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0383%1h793.90−0.026%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0528%1h794.78+0.086%$68K$38K12xas long as short