BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.06 per $10,000 · paid last 24h −0.008%

Price spread now: Bybit against Kalshi−0.153%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.118%+$12 · spread now −0.153%, 7d avg −0.055%

Together, before fees+0.167%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.098% cheaper against Kalshi than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	786.50	0.0106	pay 0.0106% / 8h	3h 58m	$171K	$2.6M	4.8x
Short	Bybit BNBUSDT	785.30	0.0100	get 0.0100% / 8h	7h 58m	$138.3M	$73.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$1.18
Price spread: −0.153% → −0.055%: −$9.76
Slippage, 4 orders: −$9.95
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.88
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; Bybit: live order book, 1 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	3.18 bp	8.2 bp −$8	13.5 bp −$135	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.64 bp	6.1 bp −$6	7.9 bp −$79	23.6 bp −$2,355	127.1 bp −$63.5K

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 −0.0168% / S +0.0337%	1h	785.44	−0.134%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.91	−0.075%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	785.49	−0.128%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	785.65	−0.108%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.44	−0.135%	$9.5M	—	150x	as long as short
dYdX BNB-USD	+0.0024%	1h	784.99	−0.192%	$159K	$62K	10x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.90	−0.076%	$6.0M	$18.6M	200x	as long as short
Phemex BNBUSDT	+0.0031%	8h	786.17	−0.042%	$68.6M	$51.0M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.364%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0038%	8h	785.37	−0.144%	—	$13.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0045%	8h	786.80	+0.038%	$81.2M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	785.92	−0.074%	$488.9M	$813.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	785.52	−0.125%	$2.7M	$3.6M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.80	−0.216%	$158K	$26K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.20	−0.165%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.85	−0.083%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.59	−0.116%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	785.30	−0.153%	$138.3M	$73.7M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	785.30	−0.153%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.70	−0.102%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.40	−0.140%	$38.6M	$55.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.07	−0.182%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.03	−0.187%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.74	−0.097%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.64	−0.236%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.86	−0.209%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.47	−0.258%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.66	−0.107%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.65	−0.108%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.98	−0.193%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.39	−0.141%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.60	−0.114%	$386K	$955K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.65	−0.107%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.01	−0.062%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.15	−0.172%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.51	−0.126%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0106%	8h	786.50	long leg	$171K	$2.6M	4.8x
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.84	−0.084%	$547K	$1.9M	50x	as long as short
BloFin BNB-USDT	+0.0166%	8h	785.51	−0.126%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.98	−0.066%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.082%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0215%	8h	785.49	−0.129%	$2.9M	$27.5M	10x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	786.18	−0.041%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	785.22	−0.163%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	785.82	−0.087%	$1.1M	$916K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	785.19	−0.166%	$67K	$39K	12x	as long as short