Funding you earn now, next payment 04:00 UTC−0.0154%/8h= −16.9% APRnext payment −$1.54 per $10,000 · paid last 24h −0.014%
Price spread now: Variational Omni against Kalshi−0.100%7-day average −0.052% · 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)+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.100%, 7d avg −0.052%
=Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.048% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBNBPERP | 797.30 | 0.0164 | pay 0.0164% / 8h | 3h 03m | $104K | $2.8M | 4.8x |
| Short | Variational Omni BNB | 796.50 | 0.0009 | get 0.0009% / 8h | 7h 03m | $4.1M | $5.1M | — |
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
- −$32.44
- Price spread: −0.100% → −0.052%
- −$4.83
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$47.27
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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, 5 min ago | 3.13 bp | 8.1 bp −$8 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.33 bp | doesn't fit | 5.7 bp −$57 | 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 −0.0159% / S +0.0335% | 1h | 795.94 | −0.171% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 795.80 | −0.188% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 796.50 | −0.100% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0002% | 8h | 795.70 | −0.201% | $35.8M | $57.3M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 797.56 | +0.033% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.24 | +0.118% | $863K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 796.02 | −0.160% | $9.7M | — | 150x | as long as short |
| Variational Omni BNBshort | +0.0009% | 8h | 796.50 | −0.100% | $4.1M | $5.1M | — | |
| Phemex BNBUSDT | +0.0013% | 8h | 796.31 | −0.124% | $69.5M | $50.2M | 50x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.977% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Phemex BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0044% | 8h | 796.50 | −0.100% | $6.2M | $19.6M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 796.73 | −0.071% | $610K | $1.1M | 50x | as long as short |
| BingX BNB-USDT | +0.0057% | 8h | 795.86 | −0.181% | — | $34.9M | — | as long as short |
| Binance BNBUSDT | +0.0068% | 8h | 796.21 | −0.136% | $495.6M | $813.3M | 75x | as long as short |
| Bybit BNBUSDT | +0.0068% | 8h | 795.45 | −0.232% | $138.4M | $76.5M | 75x | as long as short |
| MEXC BNB_USDT | +0.0069% | 8h | 796.40 | −0.113% | $82.7M | $13.7M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 795.82 | −0.185% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 797.27 | −0.004% | $171K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 796.20 | −0.138% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 796.57 | −0.091% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 795.60 | −0.213% | $54.0M | $110.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 796.40 | −0.113% | $52K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 795.84 | −0.183% | $27.8M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 795.40 | −0.238% | $77.9M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 797.71 | +0.051% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.08 | +0.098% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 796.05 | −0.157% | $111K | $887K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 796.10 | −0.151% | $385K | $468K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 796.26 | −0.131% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 797.83 | +0.067% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 796.20 | −0.138% | $392K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 795.90 | −0.175% | $8.2M | $8.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 796.88 | −0.053% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 795.72 | −0.199% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 796.09 | −0.152% | $382K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0133% | 1h | 798.69 | +0.174% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 796.11 | −0.150% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERPlong | +0.0164% | 8h | 797.30 | long leg | $104K | $2.8M | 4.8x | |
| BloFin BNB-USDT | +0.0188% | 8h | 796.80 | −0.063% | $18.1M | $2.5M | 75x | as long as short |
| dYdX BNB-USD | +0.0188% | 1h | 796.05 | −0.156% | $161K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 796.79 | −0.064% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 796.54 | −0.096% | $1.6M | $161K | 25x | as long as short |
| Hyperliquid BNB | +0.0279% | 1h | 796.98 | −0.040% | $53.0M | $20.1M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 795.80 | −0.189% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0400% | 1h | 797.86 | +0.070% | $68K | $38K | 12x | as long as short |
| Backpack BNB_USDC_PERP | +0.0425% | 1h | 796.73 | −0.071% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDT
Binance BNBUSDT
Bybit BNBUSDT
MEXC BNB_USDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Hyperliquid BNB
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
Backpack BNB_USDC_PERP