BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.36 per $10,000 · paid last 24h +0.001%

Price spread now: OKX against Kalshi−0.178%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

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

Long on Kalshi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days+0.143%+$14 · spread now −0.178%, 7d avg −0.047%

Together, before fees+0.256%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.131% cheaper against Kalshi than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.047%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.114%, 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	788.20	0.0136	pay 0.0136% / 8h	5h 57m	$169K	$2.7M	4.8x
Short	OKX BNB-USDT-SWAP	786.80	0.0100	get 0.0100% / 8h	1h 57m	$53.5M	$113.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$7.62
Price spread: −0.178% → −0.047%: −$13.08
Slippage, 4 orders: −$12.79
Fee Kalshi: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$53.49
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; OKX: 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, 1 min ago	3.81 bp	8.8 bp −$9	13.4 bp −$134	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.63 bp	5.7 bp −$6	7.9 bp −$79	21.8 bp −$2,175	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 −0.0192% / S +0.0356%	1h	787.32	−0.111%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.11	−0.011%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.58	+0.048%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.25	−0.120%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.143%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	787.35	−0.108%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0053%	8h	787.40	−0.101%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0066%	8h	787.83	−0.047%	$68.9M	$50.9M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	788.00	−0.025%	$80.9M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.35	−0.108%	$490.0M	$815.8M	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	+0.0080%	1h	788.38	+0.023%	$569K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0092%	1h	787.75	−0.057%	$160K	$62K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.16	−0.132%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.25	−0.121%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.60	−0.203%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	787.38	−0.103%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.80	−0.178%	$138.5M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	786.80	−0.178%	$53.5M	$113.0M	50x
Arcus BNB-USD	+0.0100%	1h	787.00	−0.152%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.85	−0.171%	$36.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.03	−0.148%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.86	−0.170%	$76.2M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.64	−0.071%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.80	−0.050%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	−0.053%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.40	+0.025%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.78	−0.053%	$132K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.39	−0.102%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.29	+0.012%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	−0.114%	$387K	$987K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.50	−0.089%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.57	−0.079%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.37	−0.232%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.25	−0.120%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.39	+0.024%	$169K	$34K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0136%	8h	788.20	long leg	$169K	$2.7M	4.8x
Hyperliquid BNB	+0.0183%	1h	788.14	−0.008%	$51.6M	$17.7M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.88	−0.041%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.58	−0.079%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	787.08	−0.142%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0225%	8h	788.63	+0.055%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	787.42	−0.099%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	787.40	−0.102%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.047%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.07	−0.144%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0568%	1h	787.53	−0.085%	$67K	$39K	12x	as long as short