data as of
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Price arb /

BNB

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Spread before costs (cost unknown: a leg has no order-book sample)+0.085%
7d average+0.045%if it closes, per $10,000$9funding while held, a day−$1.08
Long on Variational OmniShort on Kalshi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB799.620.0036pay 0.0036% / 8h7h 50m$4.0M$6.6M—
ShortKalshi KXBNBPERP800.300get 0.0000% / 8h3h 50m$198K$2.7M4.8x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$8.53
Funding while held
−$1.08
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$2.55
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, just now; Kalshi: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0036%
Per $10,000 a day
−$1.08
Average in range /8h
—

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, just now3.33 bpdoesn't fit6.7 bp −$67doesn't fitdoesn't fit
Sell Kalshi live order book, 5 min ago4.37 bp9.4 bp −$915.9 bp −$159doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective798.65cheapestBybit799.10+0.056%OKX799.20+0.069%Gate799.25+0.075%Nado799.29+0.080%Reya799.33+0.085%Bitget799.43+0.098%StandX799.45+0.100%KuCoin799.46+0.101%Coinbase International799.51+0.108%HTX799.51+0.108%Extended799.53+0.111%gTrade (Gains Network)799.60+0.119%
Variational Omni799.62+0.121%
Derive799.64+0.125%GMX799.65+0.126%BingX799.71+0.133%Polymarket Perps799.75+0.138%Orderly799.87+0.153%Aevo799.91+0.158%dYdX799.92+0.159%Kraken Futures799.94+0.162%Hibachi799.95+0.162%Lighter799.95+0.163%SoDEX800.00+0.169%Pacifica800.03+0.173%Arcus800.10+0.182%RISEx800.12+0.184%Binance800.15+0.188%SunX800.21+0.195%Aster800.24+0.199%Deribit800.26+0.202%
Kalshi800.30+0.207%
Phemex800.50+0.232%ApeX Omni800.53+0.235%Paradex800.55+0.237%BloFin800.59+0.243%edgeX800.61+0.245%Backpack800.62+0.247%Hyperliquid800.64+0.249%01 Exchange800.66+0.252%Hotstuff800.69+0.255%MEXC800.80+0.269%Phoenix801.76+0.389%Bulk801.84+0.399%

BNB on 45 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−0.121%+0.0033%1h$19K$437K30xas long as short
Bybit BNBUSDT−0.065%−0.0134%8h$139.5M$92.7M75xas long as short
OKX BNB-USDT-SWAP−0.052%+0.0100%8h$54.9M$114.8M50xas long as short
Gate BNB_USDT−0.046%−0.0088%8h$36.7M$57.9M75xas long as short
Nado BNB-PERP−0.041%+0.0100%1h$1.5M$2.9M20xas long as short
Reya BNBRUSDPERP−0.036%+0.0328%1h$9K—40xas long as short
Bitget BNBUSDT−0.024%+0.0100%8h$78.0M$25.0M75xas long as short
StandX BNB-USD−0.021%0.0000%1h$864K$3.4M30xas long as short
KuCoin BNBUSDTM−0.020%+0.0100%8h$28.0M$10.5M75xas long as short
Coinbase International BNB-PERP-INTX−0.014%+0.0064%1h$600K$927K50xas long as short
Show all 45 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BNB-USDT−0.013%+0.0100%8h$8.1M$5.5M75xas long as short
Extended BNB-USD−0.011%+0.0104%1h$1.7M$6.5M50xas long as short
gTrade (Gains Network) BNB/USD−0.002%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
Variational Omni BNBlong0.000%+0.0036%8h$4.0M$6.6M—
Derive BNB-PERP+0.003%+0.0100%1h$32K$5K10xas long as short
GMX BNB/USD [WBTC.b-USDC]+0.004%L +0.0033% / S +0.0168%1h$54K—200xas long as short
BingX BNB-USDC+0.012%−0.0020%8h—$13.2M—as long as short
Polymarket Perps BNB-USD+0.017%+0.0100%1h$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.032%+0.0100%8h$323K$660K50xas long as short
Aevo BNB-PERP+0.037%+0.0104%1h$384K$37K10xas long as short
dYdX BNB-USD+0.037%+0.0553%1h$173K$54K10xas long as short
Kraken Futures PF_BNBUSD+0.041%+0.0216%1h$2.5M$865K50xas long as short
Hibachi BNB/USDT-P+0.041%+0.0312%1h$71K$46K12xas long as short
Lighter BNB+0.041%+0.0096%1h$2.6M$3.4M20xas long as short
SoDEX BNB-USD+0.048%+0.0112%1h$393K$1.0M10xas long as short
Pacifica BNB+0.052%+0.0100%1h$1.2M$909K20xas long as short
Arcus BNB-USD+0.060%+0.0100%1h$52K$242K10xas long as short
RISEx BNB/USDC+0.063%+0.0271%1h$1.1M$1.5M20xas long as short
Binance BNBUSDT+0.066%+0.0124%8h$521.3M$799.3M75xas long as short
SunX BNB-USDT+0.074%+0.0100%8h$13K$1.8M50xas long as short
Aster BNBUSDT+0.078%+0.0122%8h$6.2M$19.8M200xas long as short
Deribit BNB_USDC-PERPETUAL+0.080%+0.0300%1h$1.6M$164K25xas long as short
Kalshi KXBNBPERPshort+0.085%0.0000%8h$198K$2.7M4.8x
Phemex BNBUSDT+0.110%+0.0624%8h$70.3M$52.4M50xas long as short
ApeX Omni BNBUSDT+0.114%+0.0100%1h$158K$435K50xas long as short
Paradex BNB-USD-PERP+0.116%+0.0100%8h$78K$501K50xas long as short
BloFin BNB-USDT+0.122%+0.0244%8h$19.3M$2.9M75xas long as short
edgeX BNBUSDC+0.124%+0.0100%4h$4.2M$75.4M30xas long as short
Backpack BNB_USDC_PERP+0.125%+0.0100%1h$2.2M$3.9M40xas long as short
Hyperliquid BNB+0.128%+0.0436%1h$52.1M$21.5M10xas long as short
01 Exchange BNBUSD+0.130%+0.0288%1h$28K$1K10xas long as short
Hotstuff BNB-PERP+0.134%−0.0080%1h$4K$1K25xas long as short
MEXC BNB_USDT+0.148%+0.0124%8h$84.2M$16.3M200xas long as short
Phoenix BNB+0.268%+0.0145%1h$171K$31K10xas long as short
Bulk BNB-USD+0.278%+0.0262%1h$651K$132K10xas long as short