BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0235%/8h= +25.7% APRnext payment +$2.35 per $10,000 · paid last 24h +0.048%

Price spread now: BloFin against Kalshi+0.040%61s7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.334% of the position

Long on Kalshi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.040%, 7d avg +0.074%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.034% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.074%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$7 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	805.30	0	get 0.0000% / 8h	6h 11m	$114K	$2.5M	4.8x
Short	BloFin BNB-USDT	805.62	0.0235	get 0.0235% / 8h	2h 11m	$18.9M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $49.25
Price spread: +0.040% → +0.074%: −$3.44
Slippage, 4 orders: −$11.41
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $12.39
Costs to cover: 0.334%
Break-even: 5.2 days

Slippage from Kalshi: live order book, 1 min ago; BloFin: live order book, 7 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, 1 min ago	4.34 bp	10.5 bp −$11	16.4 bp −$164	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.62 bp	6.9 bp −$7	7.7 bp −$77	14.3 bp −$1,428	doesn't fit

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 −0.0195% / S +0.0371%	1h	804.70	−0.074%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.20	−0.012%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.11	+0.225%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERPlong	0.0000%	8h	805.30	long leg	$114K	$2.5M	4.8x
StandX BNB-USD	0.0000%	1h	805.50	+0.025%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.73	−0.071%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.85	−0.056%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	+0.051%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0054%	8h	804.85	−0.056%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	804.31	−0.123%	$139.6M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	−0.019%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.99	−0.039%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0097%	8h	805.32	+0.003%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.55	−0.093%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.04	−0.032%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	−0.099%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.30	0.000%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.55	−0.093%	$36.1M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.60	−0.087%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.27	−0.128%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.185%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.132%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.66	−0.079%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.77	−0.066%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.99	−0.039%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.69	+0.048%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.23	−0.008%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.21	−0.011%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.53	+0.028%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.32	−0.121%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.95	−0.044%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	805.60	+0.037%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0114%	8h	805.32	+0.002%	$520.5M	$806.5M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.197%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0133%	8h	805.43	+0.016%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0193%	1h	804.80	−0.062%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.11	−0.024%	$1.1M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0214%	1h	805.39	+0.011%	$51.9M	$21.9M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	+0.204%	$652K	$11K	10x	as long as short
BloFin BNB-USDTshort	+0.0235%	8h	805.62	+0.040%	$18.9M	$3.1M	75x
dYdX BNB-USD	+0.0238%	1h	804.86	−0.055%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.19	−0.014%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.47	−0.103%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.67	+0.046%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.051%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.79	+0.061%	$3.0M	$5.5M	40x	as long as short