BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.59 per $10,000 · paid last 24h −0.001%

Price spread now: Kalshi against Bitget+0.093%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)+0.467%+$47 · spread now +0.093%, 7d avg +0.062%

Together, before fees+0.330%+$33 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 0.031% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.137%, 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	Bitget BNBUSDT	794.86	0.0100	pay 0.0100% / 8h	6h 27m	$77.4M	$28.2M	75x
Short	Kalshi KXBNBPERP	795.60	0.0159	get 0.0159% / 8h	2h 27m	$112K	$2.7M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now +0.093%Rate

Funding earned: $12.43
Price spread: +0.093% → +0.062%: $3.1
Slippage, 4 orders: −$16.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$23.46
Costs to cover: 0.390%
Break-even: 20.2 days

Slippage from Bitget: live order book, 2 min ago; Kalshi: live order book, 1 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 Bitget live order book, 2 min ago	0.06 bp	6.7 bp −$7	10.2 bp −$102	16.0 bp −$1,599	doesn't fit
Sell Kalshi live order book, 1 min ago	0.63 bp	5.6 bp −$6	9.7 bp −$97	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	795.24	+0.047%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.95	+0.012%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.75	+0.112%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.55	+0.087%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.29	+0.054%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.193%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.287%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	795.73	+0.109%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0042%	8h	795.00	+0.018%	$35.3M	$56.1M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	795.63	+0.097%	$69.6M	$50.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0050%	8h	795.25	+0.049%	—	$34.9M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.464%	$607K	$1.1M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0059%	8h	795.02	+0.020%	$3.0M	$28.4M	10x	as long as short
MEXC BNB_USDT	+0.0064%	8h	795.80	+0.118%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.67	+0.101%	$495.1M	$811.1M	75x	as long as short
dYdX BNB-USD	+0.0064%	1h	795.36	+0.063%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.15	+0.036%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.20	+0.043%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.14	+0.035%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.30	+0.055%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.67	+0.102%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.68	+0.103%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.17	+0.039%	$139.1M	$75.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.00	+0.018%	$53.3M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.60	+0.093%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.04	+0.023%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	794.86	long leg	$77.4M	$28.2M	75x
edgeX BNBUSDC	+0.0100%	4h	795.11	+0.031%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.015%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.35	+0.062%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.36	+0.063%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.80	+0.118%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.20	+0.043%	$391K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.97	+0.014%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.81	+0.119%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.94	+0.010%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.25	+0.049%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.69	+0.105%	$1.1M	$1.2M	20x	as long as short
Kalshi KXBNBPERPshort	+0.0159%	8h	795.60	+0.093%	$112K	$2.7M	4.8x
Bulk BNB-USD	+0.0175%	1h	792.60	−0.284%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.93	+0.135%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.67	+0.102%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.10	+0.030%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0391%	1h	795.85	+0.125%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.00	+0.018%	$68K	$38K	12x	as long as short