Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 10:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.002%
Price spread now: Kalshi against Extended+0.131%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Long on ExtendedShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.144%−$14 on $10k
Price spread, last 7 days−0.096%−$10 · spread now +0.131%, 7d avg +0.083%
Together, before fees−0.240%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.048% dearer against Extended than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.083%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD786.470.0104pay 0.0013% / 1h20m 47s$1.8M$5.6M50x
ShortKalshi KXBNBPERP787.500get 0.0000% / 8h2h 20m$165K$2.5M4.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Extended. 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

Funding earned
−$21.84
Price spread: +0.131% → +0.083%
$4.81
Slippage, 4 orders
−$10.35
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$42.38
Costs to cover
0.253%
Break-even
never at this rate
Slippage from Extended: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 1 min ago0.06 bp3.2 bp −$34.8 bp −$48doesn't fitdoesn't fit
Sell Kalshi live order book, 1 min ago1.90 bp10.0 bp −$1014.1 bp −$141doesn't fitdoesn't fit

BNB on 45 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0166% / S +0.0336%1h786.89+0.054%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.17+0.089%$4K—25xas long as short
Aster BNBUSDT0.0000%8h787.35+0.112%$5.9M$17.4M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.34+0.111%$3.0M$26.4M10xas long as short
Kalshi KXBNBPERPshort0.0000%8h787.50+0.131%$165K$2.5M4.8x
StandX BNB-USD0.0000%1h787.59+0.142%$849K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.88+0.052%$9.5M—150xas long as short
MEXC BNB_USDT+0.0020%8h788.60+0.271%$83.3M$12.2M200xas long as short
Binance BNBUSDT+0.0020%8h787.22+0.095%$481.6M$783.5M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.368%$19K$789K30xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0035%1h786.78+0.039%$2.5M$1.3M50xas long as short
Bybit BNBUSDT+0.0073%8h786.41−0.008%$138.5M$68.6M75xas long as short
BloFin BNB-USDT+0.0081%8h787.74+0.162%$17.6M$2.2M75xas long as short
Phemex BNBUSDT+0.0087%8h787.60+0.144%$68.5M$51.1M50xas long as short
Phoenix BNB+0.0094%1h787.39+0.117%$158K$45K10xas long as short
Lighter BNB+0.0096%1h786.87+0.051%$2.7M$3.4M20xas long as short
Nado BNB-PERP+0.0100%1h786.95+0.061%$1.4M$2.5M20xas long as short
Hyperliquid BNB+0.0100%1h787.24+0.098%$51.8M$17.0M10xas long as short
Pacifica BNB+0.0100%1h787.55+0.137%$1.2M$940K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.40−0.009%$53.4M$104.7M50xas long as short
Arcus BNB-USD+0.0100%1h787.50+0.131%$57K$122K10xas long as short
Gate BNB_USDT+0.0100%8h786.85+0.048%$40.7M$55.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.77+0.038%$28.2M$9.7M75xas long as short
Bitget BNBUSDT+0.0100%8h786.48+0.001%$75.5M$32.3M75xas long as short
BingX BNB-USDT+0.0100%8h787.05+0.074%—$22.3M—as long as short
Backpack BNB_USDC_PERP+0.0100%1h787.27+0.102%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h786.49+0.002%$4.3M$4.5M—as long as short
edgeX BNBUSDC+0.0100%4h787.43+0.122%$4.1M$75.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.16+0.088%$158K$444K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.26+0.101%$130K$911K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.97+0.064%$264K$300K50xas long as short
SunX BNB-USDT+0.0100%8h787.47+0.127%$12K$1.4M50xas long as short
SoDEX BNB-USD+0.0100%1h787.10+0.080%$387K$928K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h787.24+0.098%$1.5M$158K25xas long as short
HTX BNB-USDT+0.0100%8h787.23+0.097%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.83+0.172%$78K$337K50xas long as short
Extended BNB-USDlong+0.0104%1h786.47long leg$1.8M$5.6M50x
Aevo BNB-PERP+0.0104%1h786.92+0.057%$378K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0136%1h786.42−0.006%$544K$1.9M50xas long as short
Bulk BNB-USD+0.0212%1h787.70+0.157%$638K$010xas long as short
01 Exchange BNBUSD+0.0240%1h787.72+0.159%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0318%1h787.02+0.070%$6K$3K40xas long as short
RISEx BNB/USDC+0.0345%1h787.49+0.130%$1.1M$910K20xas long as short
Hibachi BNB/USDT-P+0.0352%1h787.39+0.117%$67K$38K12xas long as short
dYdX BNB-USD+0.0381%1h787.23+0.097%$158K$38K10xas long as short