BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.54 per $10,000 · paid last 24h +0.001%

Price spread now: HTX against Kalshi−0.032%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Kalshi Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now −0.032%, 7d avg −0.026%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, 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 +0.181%, 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	799.00	0.0154	pay 0.0154% / 8h	3h 28m	$91K	$2.8M	4.8x
Short	HTX BNB-USDT	798.75	0.0100	get 0.0100% / 8h	7h 28m	$8.2M	$8.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$11.38
Price spread: −0.032% → −0.026%: −$0.52
Slippage, 4 orders: −$15.46
Fee Kalshi: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$49.35
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; HTX: 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	3.13 bp	8.1 bp −$8	13.5 bp −$135	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	2.41 bp	10.1 bp −$10	15.2 bp −$152	58.8 bp −$5,881	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 −0.0159% / S +0.0335%	1h	799.19	+0.023%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	799.34	+0.042%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.19	+0.149%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0028%	8h	799.07	+0.009%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0021%	8h	799.00	0.000%	$138.8M	$75.6M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.48	+0.060%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.24	+0.030%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0003%	8h	798.43	−0.072%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.15	+0.019%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0019%	8h	799.07	+0.009%	$69.8M	$50.3M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0025%	8h	798.75	−0.031%	$35.8M	$56.4M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.762%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	−0.034%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0060%	8h	799.80	+0.100%	$6.2M	$19.2M	200x	as long as short
MEXC BNB_USDT	+0.0082%	8h	799.60	+0.075%	$83.1M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0082%	8h	799.68	+0.085%	$496.2M	$809.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.20	+0.150%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.91	−0.011%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.15	+0.019%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.13	+0.141%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.20	+0.025%	$54.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.60	+0.075%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.60	−0.050%	$27.8M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.96	−0.005%	$78.9M	$27.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.33	+0.042%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.10	+0.013%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.07	+0.009%	$117K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.29	+0.036%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.50	+0.062%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.90	+0.112%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.50	+0.063%	$393K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	798.75	−0.032%	$8.2M	$8.2M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	800.63	+0.203%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.98	−0.003%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.41	+0.051%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.035%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0154%	8h	799.00	long leg	$91K	$2.8M	4.8x
RISEx BNB/USDC	+0.0155%	1h	799.31	+0.038%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0192%	1h	798.65	−0.044%	$69K	$38K	12x	as long as short
BloFin BNB-USDT	+0.0203%	8h	799.12	+0.015%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.29	−0.089%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0231%	1h	799.67	+0.084%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.84	+0.105%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0307%	1h	799.82	+0.103%	$53.2M	$20.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.65	−0.044%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0391%	1h	799.31	+0.039%	$2.7M	$5.6M	40x	as long as short