BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0093%/8h= −10.1% APRnext payment −$0.93 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Kalshi−0.033%7-day average +0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Orderly

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.276%−$28 · spread now −0.033%, 7d avg +0.016%

Together, before fees−0.095%−$10 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 Orderly is 0.049% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.016%). Swap the legs. 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	790.40	0.0193	pay 0.0193% / 8h	1h 31m	$92K	$2.8M	4.8x
Short	Orderly PERP_BNB_USDC	790.14	0.0100	get 0.0100% / 8h	5h 31m	$266K	$497K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.033%Rate

Funding earned: −$19.46
Price spread: −0.033% → +0.016%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$40.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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, 2 min ago	1.26 bp	13.6 bp −$14	20.7 bp −$207	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0167% / S +0.0335%	1h	790.04	−0.046%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.40	0.000%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.72	+0.040%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.07	−0.042%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.859%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.11	+0.090%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.79	−0.077%	$617K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0059%	8h	790.47	+0.009%	—	$34.3M	—	as long as short
MEXC BNB_USDT	+0.0075%	8h	791.50	+0.139%	$80.4M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0075%	8h	790.71	+0.039%	$69.2M	$51.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	791.16	+0.096%	$494.6M	$803.5M	75x	as long as short
Variational Omni BNB	+0.0091%	8h	788.80	−0.203%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.97	−0.054%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	790.65	+0.032%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	790.14	−0.033%	$266K	$497K	50x
Nado BNB-PERP	+0.0100%	1h	790.15	−0.032%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.05	+0.082%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.69	+0.037%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.40	0.000%	$139.0M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.50	+0.013%	$53.6M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.30	−0.013%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.40	0.000%	$35.4M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.23	−0.022%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.28	−0.015%	$77.0M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.44	+0.005%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.67	−0.092%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.01	−0.049%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.09	−0.039%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.34	−0.008%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.79	+0.049%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.37	−0.130%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	790.87	+0.059%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.12	−0.035%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.15	−0.032%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	−0.027%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0135%	1h	790.20	−0.025%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0140%	8h	789.95	−0.057%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERPlong	+0.0193%	8h	790.40	long leg	$92K	$2.8M	4.8x
BloFin BNB-USDT	+0.0195%	8h	790.51	+0.014%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0232%	1h	790.32	−0.010%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	790.83	+0.054%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.61	+0.027%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.99	−0.051%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	790.52	+0.015%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	−0.077%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	790.32	−0.010%	$68K	$38K	12x	as long as short