BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0115%/8h= −12.5% APRnext payment −$1.15 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Kalshi+0.004%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

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

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 7 days+0.110%+$11 · spread now +0.004%, 7d avg +0.060%

Together, before fees+0.231%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.057% cheaper against Kalshi than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.060%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, 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	789.80	0.0189	pay 0.0189% / 8h	1h 34m	$93K	$2.8M	4.8x
Short	Binance BNBUSDT	789.83	0.0075	get 0.0075% / 8h	5h 34m	$493.8M	$804.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$24.05
Price spread: +0.004% → +0.060%: −$5.66
Slippage, 4 orders: −$11.02
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.73
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago	1.90 bp	13.9 bp −$14	18.6 bp −$186	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.06 bp	5.1 bp −$5	6.6 bp −$66	19.6 bp −$1,963	36.9 bp −$18.5K

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 −0.0167% / S +0.0335%	1h	789.34	−0.058%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.74	−0.008%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.74	−0.008%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.38	−0.054%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.936%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	789.98	+0.023%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	−0.090%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0059%	8h	789.39	−0.052%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0072%	8h	789.93	+0.016%	$69.2M	$51.1M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	790.20	+0.051%	$80.3M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDTshort	+0.0075%	8h	789.83	+0.004%	$493.8M	$804.4M	75x
Variational Omni BNB	+0.0091%	8h	788.80	−0.127%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.33	−0.060%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.49	−0.039%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.49	−0.039%	$266K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.25	−0.070%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.80	0.000%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.35	−0.057%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.05	−0.095%	$138.7M	$77.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.076%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.025%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.25	−0.070%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.08	−0.091%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.15	−0.082%	$76.9M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.56	−0.030%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.01	−0.100%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.30	−0.063%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.24	−0.071%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.70	−0.013%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.08	+0.036%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.67	−0.143%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.94	+0.018%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.89	−0.116%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.45	−0.044%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.148%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0135%	1h	789.60	−0.025%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.50	−0.038%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERPlong	+0.0189%	8h	789.80	long leg	$93K	$2.8M	4.8x
BloFin BNB-USDT	+0.0195%	8h	790.06	+0.033%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0231%	1h	788.84	−0.121%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	789.97	+0.022%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.92	+0.015%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.15	−0.083%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.69	−0.013%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	−0.001%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.80	−0.126%	$67K	$38K	12x	as long as short