BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0123%/8h= −13.4% APRnext payment −$1.23 per $10,000 · paid last 24h +0.002%

Price spread now: Aster against Kalshi+0.054%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Kalshi Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.489%−$49 · spread now +0.054%, 7d avg +0.060%

Together, before fees−0.386%+ Points / potential airdropAster: Stage 5 · farm board−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	795.30	0.0159	pay 0.0159% / 8h	2h 28m	$112K	$2.7M	4.8x
Short	Aster BNBUSDT	795.73	0.0037	get 0.0037% / 8h	6h 28m	$6.1M	$19.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kalshi. 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 KalshibpFee AsterbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$25.74
Price spread: +0.054% → +0.060%: −$0.59
Slippage, 4 orders: −$11.91
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.23
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; Aster: live order book, 6 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 Kalshi live order book, 5 min ago	1.89 bp	10.7 bp −$11	16.0 bp −$160	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.38 bp	4.4 bp −$4	5.3 bp −$53	19.7 bp −$1,973	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	795.07	−0.028%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.48	+0.022%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.82	−0.060%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.55	+0.031%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.21	−0.012%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.248%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.231%	$19K	$789K	30x	as long as short
Aster BNBUSDTshort	+0.0037%	8h	795.73	+0.054%	$6.1M	$19.7M	200x
Phemex BNBUSDT	+0.0042%	8h	795.67	+0.047%	$69.6M	$50.8M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.233%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0046%	8h	795.45	+0.019%	$35.3M	$56.0M	75x	as long as short
BingX BNB-USDC	+0.0048%	8h	795.52	+0.028%	—	$13.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.519%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	796.20	+0.113%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	796.10	+0.101%	$495.3M	$811.3M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	794.66	−0.080%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	793.37	−0.243%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.68	+0.048%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.36	+0.008%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	794.40	−0.113%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.98	+0.086%	$52.2M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.84	−0.057%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.48	+0.023%	$139.1M	$76.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.40	+0.013%	$53.3M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.90	−0.050%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.19	−0.014%	$27.8M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	795.26	−0.005%	$77.5M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.24	−0.133%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.07	−0.155%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.87	−0.054%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.54	+0.031%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.52	+0.028%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.60	+0.038%	$391K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.34	−0.121%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.15	−0.019%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.19	−0.013%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.52	+0.028%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.08	−0.028%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERPlong	+0.0159%	8h	795.30	long leg	$112K	$2.7M	4.8x
Bulk BNB-USD	+0.0175%	1h	792.60	−0.339%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.32	+0.003%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.76	−0.068%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	796.13	+0.104%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	795.96	+0.083%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.74	−0.070%	$68K	$38K	12x	as long as short