BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.70 per $10,000 · paid last 24h +0.012%

Price spread now: Kalshi against BingX+0.097%7-day average +0.033% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on BingX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.097%, 7d avg +0.033%

Together, before fees−0.275%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.064% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.117%, 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	BingX BNB-USDC	786.84	0.0034	pay 0.0034% / 8h	2h 55m	—	$13.4M	—
Short	Kalshi KXBNBPERP	787.60	0.0104	get 0.0104% / 8h	6h 55m	$122K	$2.7M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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 BingXbpFee KalshibpOrdersPrice spread, now +0.097%Rate

Funding earned: $14.69
Price spread: +0.097% → +0.033%: $6.35
Slippage, 4 orders: −$11.03
Fee BingX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$9.99
Costs to cover: 0.310%
Break-even: 11.8 days

Slippage from BingX: live order book, 2 min ago; Kalshi: live order book, 2 min ago.

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 BingX live order book, 2 min ago	0.44 bp	5.6 bp −$6	10.9 bp −$109	28.8 bp −$2,878	75.0 bp −$37.5K
Sell Kalshi live order book, 2 min ago	0.64 bp	13.2 bp −$13	18.6 bp −$186	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 −0.0192% / S +0.0356%	1h	786.63	−0.027%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.27	−0.072%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.79	+0.121%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.76	−0.010%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	787.52	+0.086%	$6.1M	$19.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.319%	$19K	$789K	30x	as long as short
BingX BNB-USDClong	+0.0034%	8h	786.84	long leg	—	$13.4M	—
MEXC BNB_USDT	+0.0047%	8h	787.90	+0.135%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0048%	8h	787.43	+0.075%	$490.2M	$805.3M	75x	as long as short
Phemex BNBUSDT	+0.0052%	8h	787.67	+0.105%	$68.9M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.80	−0.005%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.21	+0.047%	$579K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	786.98	+0.018%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.21	+0.047%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.86	+0.003%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.60	−0.031%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.19	+0.044%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.83	−0.002%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.70	−0.018%	$138.2M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.031%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.005%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.80	−0.005%	$36.1M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.80	−0.005%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.60	−0.031%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.36	+0.066%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.61	−0.029%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.50	+0.084%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.95	+0.141%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.50	−0.043%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.96	+0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.48	+0.082%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.81	−0.004%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.88	+0.006%	$76K	$17K	50x	as long as short
Kalshi KXBNBPERPshort	+0.0104%	8h	787.60	+0.097%	$122K	$2.7M	4.8x
Extended BNB-USD	+0.0104%	1h	786.68	−0.020%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.97	+0.017%	$378K	$110K	10x	as long as short
dYdX BNB-USD	+0.0151%	1h	786.94	+0.013%	$159K	$61K	10x	as long as short
SoDEX BNB-USD	+0.0164%	1h	786.90	+0.008%	$387K	$999K	10x	as long as short
BloFin BNB-USDT	+0.0167%	8h	787.55	+0.090%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0188%	8h	787.83	+0.126%	$2.9M	$28.9M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.30	+0.058%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.177%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	787.31	+0.060%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.45	−0.049%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.90	+0.008%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	787.31	+0.059%	$67K	$39K	12x	as long as short