BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0113%/8h= −12.4% APRnext payment −$1.13 per $10,000 · paid last 24h −0.023%

Price spread now: GRVT against Kalshi−0.020%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Kalshi Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.020%, 7d avg +0.079%

Together, before fees+0.141%+ Points / potential airdropGRVT: Active · farm board+$14 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 GRVT is 0.099% cheaper against Kalshi than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.079%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.159%, 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	803.20	0.0113	pay 0.0113% / 8h	4h 49m	$109K	$2.9M	4.8x
Short	GRVT BNB_USDT_Perp	803.04	0	get 0.0000% / 8h	49m 38s	$3.0M	$28.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$23.76
Price spread: −0.020% → +0.079%: −$9.89
Slippage, 4 orders: −$13.82
Fee Kalshi: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$66.48
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; GRVT: live order book, 4 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	1.87 bp	16.8 bp −$17	24.4 bp −$244	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	0.06 bp	4.6 bp −$5	5.2 bp −$52	doesn't fit	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 −0.0201% / S +0.0372%	1h	802.50	−0.087%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.96	−0.030%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.44	−0.095%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perpshort	0.0000%	8h	803.04	−0.020%	$3.0M	$28.1M	10x
StandX BNB-USD	0.0000%	1h	803.42	+0.027%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.55	−0.080%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	−0.143%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.72	−0.060%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0064%	8h	802.30	−0.112%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.309%	$607K	$996K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.87	−0.041%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.45	−0.094%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.93	−0.034%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.30	−0.112%	$54.8M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	−0.025%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.50	−0.087%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.56	−0.080%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.40	−0.100%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.14	−0.007%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.26	+0.007%	$162K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.73	−0.059%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.54	−0.082%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.70	−0.063%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.16	−0.005%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.65	−0.068%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.24	+0.005%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.40	+0.024%	$6.3M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.10	−0.137%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.83	−0.046%	$386K	$40K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0113%	8h	803.20	long leg	$109K	$2.9M	4.8x
Phemex BNBUSDT	+0.0115%	8h	803.05	−0.019%	$70.2M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0124%	8h	803.50	+0.037%	$83.5M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.18	−0.002%	$502.3M	$818.0M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.21	+0.001%	$173K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0161%	1h	802.60	−0.075%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.93	−0.033%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.77	−0.053%	$71K	$49K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.43	+0.029%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.77	−0.053%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0265%	1h	803.50	+0.037%	$52.0M	$21.4M	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.235%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.047%	$653K	$20K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0325%	1h	803.25	+0.006%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.28	−0.115%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0392%	1h	803.31	+0.014%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0469%	1h	802.89	−0.039%	$162K	$62K	10x	as long as short