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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 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.001%
Price spread now: ApeX Omni against Kalshi−0.102%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Long on KalshiShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.164%+$16 on $10k
Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.102%, 7d avg +0.046%
Together, before fees+0.258%+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.148% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of +0.046%). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXBNBPERP787.000get 0.0000% / 8h7h 06m$122K$2.7M4.8x
ShortApeX Omni BNBUSDT786.200.0100get 0.0013% / 1h6m 20s$158K$441K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX 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

Funding earned
$21
Price spread: −0.102% → +0.046%
−$14.75
Slippage, 4 orders
−$18.68
Fee Kalshi: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$32.43
Costs to cover
0.387%
Break-even
17.8 days
Slippage from Kalshi: live order book, 2 min ago; ApeX Omni: live order book, 46 min ago.

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, 2 min ago2.54 bp7.5 bp −$813.5 bp −$135doesn't fitdoesn't fit
Sell ApeX Omni live order book, 46 min ago4.81 bp10.6 bp −$1132.6 bp −$326doesn't fitdoesn't fit

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 −0.0192% / S +0.0356%1h787.22+0.028%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.27+0.034%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h786.81−0.024%$4K$4225xas long as short
Kalshi KXBNBPERPlong0.0000%8h787.00long leg$122K$2.7M4.8x
StandX BNB-USD0.0000%1h786.49−0.065%$848K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.31+0.039%$9.5M—150xas long as short
Aster BNBUSDT+0.0022%8h787.94+0.119%$6.1M$19.1M200xas long as short
BingX BNB-USDC+0.0033%8h787.39+0.050%—$13.4M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.299%$19K$789K30xas long as short
Phemex BNBUSDT+0.0040%8h787.13+0.017%$68.8M$50.7M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0041%8h788.40+0.178%$79.9M$12.1M200xas long as short
Binance BNBUSDT+0.0043%8h787.92+0.117%$490.5M$804.1M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h788.00+0.127%$579K$1.9M50xas long as short
dYdX BNB-USD+0.0076%1h787.22+0.028%$159K$61K10xas long as short
Phoenix BNB+0.0092%1h786.26−0.094%$169K$35K10xas long as short
Lighter BNB+0.0096%1h787.39+0.049%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.31+0.039%$265K$491K50xas long as short
Nado BNB-PERP+0.0100%1h787.10+0.013%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h787.86+0.109%$51.7M$17.5M10xas long as short
Pacifica BNB+0.0100%1h787.60+0.077%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h787.30+0.038%$138.3M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.10+0.013%$53.4M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h787.50+0.064%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h787.25+0.032%$36.2M$58.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.08+0.010%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h786.94−0.008%$76.1M$30.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.41+0.052%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.00+0.001%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h786.48−0.066%$4.1M$74.3M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h786.20−0.102%$158K$441K50x
Polymarket Perps BNB-USD+0.0100%1h787.24+0.030%$132K$956K10xas long as short
Derive BNB-PERP+0.0100%1h787.35+0.044%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.98+0.125%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.40+0.051%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h785.98−0.130%$8.1M$9.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.52+0.067%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.95−0.007%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.27+0.034%$378K$110K10xas long as short
BloFin BNB-USDT+0.0161%8h787.40+0.051%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0179%8h786.55−0.057%$2.9M$28.8M10xas long as short
Bulk BNB-USD+0.0201%1h787.88+0.112%$639K$10K10xas long as short
01 Exchange BNBUSD+0.0240%1h788.02+0.130%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.73+0.092%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0324%1h787.09+0.011%$6K$3K40xas long as short
RISEx BNB/USDC+0.0431%1h787.55+0.070%$1.1M$907K20xas long as short
Hibachi BNB/USDT-P+0.0432%1h786.80−0.026%$67K$39K12xas long as short