BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.90 per $10,000 · paid last 24h +0.003%

Price spread now: MEXC against Kalshi−0.025%7-day average +0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

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

costs, in and out, $10k−$240.238% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days+0.225%+$22 · spread now −0.025%, 7d avg +0.164%

Together, before fees+0.327%+$33 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 MEXC is 0.189% cheaper against Kalshi than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.164%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.102%, 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	786.10	0.0142	pay 0.0142% / 8h	6h 33m	$141K	$2.7M	4.8x
Short	MEXC BNB_USDT	785.90	0.0052	get 0.0052% / 8h	2h 33m	$79.6M	$11.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$18.8
Price spread: −0.025% → +0.164%: −$18.91
Slippage, 4 orders: −$9.8
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$61.5
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; MEXC: 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	3.18 bp	9.4 bp −$9	15.3 bp −$153	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.64 bp	3.6 bp −$4	6.8 bp −$68	17.1 bp −$1,708	30.9 bp −$15.5K

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 −0.0192% / S +0.0356%	1h	785.09	−0.129%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.02	−0.010%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.58	+0.188%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.13	−0.124%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.55	−0.070%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.416%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0041%	8h	785.04	−0.135%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0048%	8h	785.61	−0.062%	$68.7M	$50.7M	50x	as long as short
MEXC BNB_USDTshort	+0.0052%	8h	785.90	−0.025%	$79.6M	$11.8M	200x
Binance BNBUSDT	+0.0053%	8h	785.39	−0.090%	$488.9M	$808.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.05	−0.134%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	+0.017%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.29	−0.103%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.15	−0.121%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.40	−0.089%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.35	−0.095%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.92	−0.023%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.80	−0.165%	$137.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.178%	$53.3M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	−0.038%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.90	−0.153%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.76	−0.170%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.39	−0.218%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.75	−0.045%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	−0.009%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	+0.020%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	+0.056%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.33	−0.098%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.24	−0.109%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.06	−0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.114%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.33	−0.098%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.98	−0.016%	$76K	$17K	50x	as long as short
dYdX BNB-USD	+0.0100%	1h	785.67	−0.054%	$159K	$61K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	784.69	−0.179%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.08	−0.130%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	+0.043%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0142%	8h	786.10	long leg	$141K	$2.7M	4.8x
BloFin BNB-USDT	+0.0173%	8h	787.24	+0.145%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	+0.071%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.017%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	786.11	+0.001%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.46	−0.081%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.26	−0.107%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.91	−0.024%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.93	+0.105%	$67K	$39K	12x	as long as short