BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.92 per $10,000 · paid last 24h −0.004%

Price spread now: Kalshi against Binance−0.031%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Binance Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.476%+$48 · spread now −0.031%, 7d avg −0.060%

Together, before fees+0.356%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	795.64	0.0063	pay 0.0063% / 8h	6h 23m	$495.1M	$810.1M	75x
Short	Kalshi KXBNBPERP	795.40	0.0155	get 0.0155% / 8h	2h 23m	$112K	$2.7M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Binance. 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 BinancebpFee KalshibpOrdersPrice spread, now −0.031%Rate

Funding earned: $19.32
Price spread: −0.031% → −0.060%: $2.94
Slippage, 4 orders: −$10.88
Fee Binance: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$8.61
Costs to cover: 0.309%
Break-even: 10.1 days

Slippage from Binance: live order book, 6 min ago; Kalshi: live order book, just now.

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 Binance live order book, 6 min ago	0.06 bp	5.6 bp −$6	7.5 bp −$75	16.4 bp −$1,645	doesn't fit
Sell Kalshi live order book, just now	2.51 bp	12.7 bp −$13	18.3 bp −$183	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	794.91	−0.092%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.86	−0.098%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.41	−0.029%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.71	+0.008%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.95	−0.087%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	−0.003%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.187%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	795.49	−0.019%	$6.1M	$19.7M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	795.21	−0.055%	—	$34.9M	—	as long as short
Gate BNB_USDT	+0.0051%	8h	794.85	−0.100%	$35.4M	$56.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0052%	8h	795.48	−0.021%	$69.6M	$50.8M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	−0.014%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	796.20	+0.070%	$82.7M	$12.8M	200x	as long as short
Binance BNBUSDTlong	+0.0063%	8h	795.64	long leg	$495.1M	$810.1M	75x
GRVT BNB_USDT_Perp	+0.0068%	8h	796.16	+0.065%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0075%	1h	795.36	−0.035%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.80	+0.020%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.13	−0.065%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.87	−0.097%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.00	−0.081%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.62	−0.003%	$52.1M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.35	−0.037%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.10	−0.068%	$139.0M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.90	−0.094%	$53.3M	$110.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.20	−0.056%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.01	−0.080%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.98	−0.083%	$77.4M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.83	+0.023%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.67	+0.003%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.91	−0.092%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.13	−0.065%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.40	−0.030%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.10	−0.068%	$391K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	795.34	−0.039%	$8.2M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.72	+0.010%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.06	−0.073%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.01	−0.079%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.39	−0.032%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERPshort	+0.0155%	8h	795.40	−0.031%	$112K	$2.7M	4.8x
Bulk BNB-USD	+0.0195%	1h	795.93	+0.035%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.53	−0.014%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.42	−0.028%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.70	−0.118%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	795.76	+0.015%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.40	−0.031%	$68K	$38K	12x	as long as short