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: Bitget against Kalshi−0.068%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

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

Long on Kalshi Short on Bitget

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)−0.492%−$49 · spread now −0.068%, 7d avg −0.062%

Together, before fees−0.355%−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.137%, 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	795.60	0.0159	pay 0.0159% / 8h	2h 26m	$112K	$2.7M	4.8x
Short	Bitget BNBUSDT	795.06	0.0100	get 0.0100% / 8h	6h 26m	$77.4M	$28.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$12.43
Price spread: −0.068% → −0.062%: −$0.58
Slippage, 4 orders: −$16.99
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	0.63 bp	19.5 bp −$19	26.1 bp −$261	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.06 bp	7.2 bp −$7	9.7 bp −$97	23.1 bp −$2,314	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	−0.046%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.95	−0.081%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.75	+0.019%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.55	−0.006%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.29	−0.039%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.286%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.193%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	795.90	+0.038%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0042%	8h	795.10	−0.063%	$35.3M	$56.1M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	795.63	+0.004%	$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-USDC	+0.0048%	8h	795.29	−0.039%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.557%	$607K	$1.1M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0059%	8h	795.02	−0.073%	$3.0M	$28.4M	10x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.96	+0.045%	$495.3M	$811.2M	75x	as long as short
MEXC BNB_USDT	+0.0064%	8h	796.20	+0.075%	$82.6M	$12.8M	200x	as long as short
dYdX BNB-USD	+0.0067%	1h	795.36	−0.030%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.15	−0.057%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.54	−0.008%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.14	−0.058%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.30	−0.038%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.88	+0.035%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.63	+0.003%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.40	−0.025%	$139.1M	$75.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.20	−0.050%	$53.3M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.60	0.000%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.04	−0.070%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	795.06	−0.068%	$77.4M	$28.2M	75x
edgeX BNBUSDC	+0.0100%	4h	795.11	−0.062%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.108%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.35	−0.031%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.36	−0.030%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.80	+0.025%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.20	−0.050%	$391K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.97	−0.079%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.87	+0.034%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.84	−0.096%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.25	−0.044%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.69	+0.011%	$1.1M	$1.2M	20x	as long as short
Kalshi KXBNBPERPlong	+0.0159%	8h	795.60	long leg	$112K	$2.7M	4.8x
Bulk BNB-USD	+0.0175%	1h	792.60	−0.377%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.93	+0.041%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.67	+0.008%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.10	−0.063%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0391%	1h	795.85	+0.031%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.00	−0.075%	$68K	$38K	12x	as long as short