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: KuCoin against Kalshi−0.110%49s7-day average −0.032% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.395% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now −0.110%, 7d avg −0.032%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.078% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.032%). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day). The two prices were read 49 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	799.80	0	get 0.0000% / 8h	5h 08m	$129K	$2.9M	4.8x
Short	KuCoin BNBUSDTM	798.92	0.0100	get 0.0100% / 8h	1h 08m	$28.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.110%Rate

Funding earned: $21
Price spread: −0.110% → −0.032%: −$7.81
Slippage, 4 orders: −$17.49
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.3
Costs to cover: 0.395%
Break-even: 15.8 days

Slippage from Kalshi: live order book, 5 min ago; KuCoin: live order book, 5 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	4.37 bp	9.4 bp −$9	15.3 bp −$153	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.44 bp	10.5 bp −$10	15.2 bp −$152	43.3 bp −$4,332	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	799.81	+0.001%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.25	+0.056%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.06	+0.033%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERPlong	0.0000%	8h	799.80	long leg	$129K	$2.9M	4.8x
StandX BNB-USD	0.0000%	1h	800.63	+0.104%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.08	−0.090%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	−0.082%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0055%	8h	799.72	−0.010%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	798.99	−0.101%	$139.1M	$78.5M	75x	as long as short
Aster BNBUSDT	+0.0096%	8h	800.54	+0.092%	$6.4M	$19.0M	200x	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	800.17	+0.046%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.73	−0.009%	$608K	$992K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.74	−0.133%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.07	+0.034%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.70	−0.138%	$54.6M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.00	+0.025%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.40	−0.050%	$35.7M	$58.8M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	798.92	−0.110%	$28.0M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	798.66	−0.143%	$80.6M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.16	+0.045%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.33	+0.066%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.26	−0.068%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.76	−0.005%	$386K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.95	+0.019%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.47	+0.084%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.00	+0.025%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.72	−0.011%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.39	+0.073%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.18	−0.078%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.92	+0.015%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.00	+0.025%	$83.2M	$13.8M	200x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.41	+0.076%	$70.0M	$51.5M	50x	as long as short
Binance BNBUSDT	+0.0116%	8h	800.24	+0.055%	$502.6M	$817.1M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.04	+0.030%	$172K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.74	−0.008%	$2.6M	$967K	50x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	799.95	+0.019%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0236%	8h	800.36	+0.070%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.051%	$650K	$21K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	800.32	+0.065%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.661%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.90	+0.013%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0320%	1h	799.80	0.000%	$51.8M	$21.6M	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.38	+0.073%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	798.57	−0.153%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0349%	1h	799.29	−0.064%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0572%	1h	800.71	+0.114%	$2.7M	$5.7M	40x	as long as short