BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against Kalshi−0.068%7-day average −0.033% · 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−$360.364% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now −0.068%, 7d avg −0.033%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.035% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.033%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	804.50	0	get 0.0000% / 8h	6h 30m	$112K	$2.5M	4.8x
Short	Gate BNB_USDT	803.95	0.0100	get 0.0100% / 8h	2h 30m	$35.9M	$58.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.068%Rate

Funding earned: $21
Price spread: −0.068% → −0.033%: −$3.49
Slippage, 4 orders: −$11.39
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$18.88
Costs to cover: 0.364%
Break-even: 13.3 days

Slippage from Kalshi: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	3.73 bp	8.7 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.31 bp	9.6 bp −$10	13.2 bp −$132	27.7 bp −$2,770	57.9 bp −$28.9K

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	804.07	−0.054%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.19	−0.039%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.90	−0.075%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERPlong	0.0000%	8h	804.50	long leg	$112K	$2.5M	4.8x
StandX BNB-USD	0.0000%	1h	803.92	−0.072%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.10	−0.050%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.33	−0.021%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.233%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	804.18	−0.040%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	803.80	−0.087%	$139.4M	$82.8M	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	804.19	−0.039%	$609K	$878K	50x	as long as short
Aster BNBUSDT	+0.0090%	8h	804.76	+0.032%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	804.30	−0.025%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.49	−0.125%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.34	−0.020%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.00	−0.062%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.30	−0.025%	$53K	$165K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	803.95	−0.068%	$35.9M	$58.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	803.95	−0.068%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.79	−0.088%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.49	−0.001%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.32	−0.022%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.09	−0.051%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.15	−0.044%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.28	−0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.48	−0.003%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.84	−0.082%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.81	+0.038%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.77	−0.091%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.35	−0.019%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0106%	8h	805.10	+0.075%	$84.4M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0106%	8h	804.81	+0.039%	$519.3M	$802.9M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	804.77	+0.034%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.93	−0.071%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0157%	1h	804.83	+0.041%	$51.7M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0169%	1h	804.20	−0.037%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.020%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.67	+0.022%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.38	−0.014%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0226%	8h	804.88	+0.047%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	804.02	−0.059%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0277%	1h	804.28	−0.027%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	804.86	+0.045%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.83	−0.083%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.052%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0660%	1h	805.11	+0.076%	$3.0M	$5.4M	40x	as long as short