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

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.001%
Price spread now: Kalshi against Gate+0.100%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Long on GateShort 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 3 days (all we have)+0.129%+$13 · spread now +0.100%, 7d avg +0.033%
Together, before fees+0.013%+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.066% dearer against Gate than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.033%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BNB_USDT803.800.0100pay 0.0100% / 8h2h 29m$35.9M$58.5M75x
ShortKalshi KXBNBPERP804.600get 0.0000% / 8h6h 29m$112K$2.5M4.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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
Price spread: +0.100% → +0.033%
$6.61
Slippage, 4 orders
−$11.39
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$50.78
Costs to cover
0.364%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Kalshi: live order book, 3 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 Gate live order book, 4 min ago0.31 bp9.3 bp −$913.0 bp −$13028.3 bp −$2,83555.7 bp −$27.9K
Sell Kalshi live order book, 3 min ago3.73 bp8.7 bp −$914.8 bp −$148doesn't fitdoesn't fit

BNB on 46 venues

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 −0.0195% / S +0.0371%1h803.78−0.003%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.19+0.049%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90+0.012%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERPshort0.0000%8h804.60+0.100%$112K$2.5M4.8x
StandX BNB-USD0.0000%1h804.20+0.050%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.86+0.007%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.90+0.013%$2.5M$909K50xas long as short
Variational Omni BNB+0.0049%8h803.71−0.011%$4.0M$5.4M—as long as short
BingX BNB-USDT+0.0054%8h803.95+0.019%—$34.5M—as long as short
Bybit BNBUSDT+0.0075%8h803.60−0.025%$139.3M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.049%$609K$878K50xas long as short
Aster BNBUSDT+0.0090%8h804.51+0.088%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.05+0.031%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.88+0.010%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.34+0.067%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.800.000%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.30+0.062%$53K$165K10xas long as short
Gate BNB_USDTlong+0.0100%8h803.80long leg$35.9M$58.5M75x
KuCoin BNBUSDTM+0.0100%8h803.78−0.002%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.56−0.030%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.49+0.086%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.32+0.065%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.74−0.007%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.87+0.009%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.97+0.021%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.80+0.124%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.31+0.063%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.07+0.034%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.81+0.125%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.64−0.021%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.04+0.029%$386K$40K10xas long as short
MEXC BNB_USDT+0.0106%8h804.90+0.137%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.53+0.091%$519.1M$803.1M75xas long as short
Phemex BNBUSDT+0.0125%8h804.52+0.090%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93+0.016%$173K$35K10xas long as short
Hyperliquid BNB+0.0158%1h804.49+0.086%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0175%1h803.90+0.012%$395K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34+0.067%$650K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h804.38+0.073%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0226%8h804.88+0.134%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.11+0.038%$71K$48K12xas long as short
dYdX BNB-USD+0.0277%1h804.28+0.060%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.86+0.132%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.52−0.035%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.139%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0657%1h804.80+0.124%$3.0M$5.4M40xas long as short