BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h +0.001%

Price spread now: SunX against Kalshi+0.080%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Kalshi Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.080%, 7d avg +0.058%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.022% dearer against Kalshi than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.058%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 hours. Mind the row above: over the last 7 days funding on this pair paid +0.164%, 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	786.90	0.0144	pay 0.0144% / 8h	6h 34m	$141K	$2.7M	4.8x
Short	SunX BNB-USDT	787.53	0.0100	get 0.0100% / 8h	2h 34m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$9.23
Price spread: +0.080% → +0.058%: $2.2
Slippage, 4 orders: −$44.73
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$69.77
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	3.18 bp	9.4 bp −$9	15.3 bp −$153	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	15.06 bp	23.6 bp −$24	31.1 bp −$311	doesn't fit	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	786.72	−0.022%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.07	+0.022%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.68	−0.028%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.83	−0.009%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	786.39	−0.064%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.312%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	786.07	−0.105%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0045%	8h	787.23	+0.042%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	786.60	−0.038%	$79.7M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	786.10	−0.102%	$489.3M	$808.3M	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	786.66	−0.030%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	−0.085%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.82	−0.138%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.90	0.000%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.70	−0.025%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.29	−0.078%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.92	−0.125%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.60	−0.165%	$138.0M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.60	−0.165%	$53.4M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.013%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.90	−0.127%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.45	−0.184%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.53	−0.174%	$76.0M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.83	−0.009%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	−0.111%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	−0.082%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	−0.046%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.69	−0.027%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.07	+0.021%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.53	+0.080%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	787.00	+0.013%	$387K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.53	−0.047%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.98	−0.117%	$76K	$17K	50x	as long as short
dYdX BNB-USD	+0.0100%	1h	785.67	−0.156%	$159K	$61K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	785.64	−0.160%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.93	+0.004%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	−0.058%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0144%	8h	786.90	long leg	$141K	$2.7M	4.8x
BloFin BNB-USDT	+0.0173%	8h	787.24	+0.043%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	−0.030%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	−0.085%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	787.16	+0.033%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.31	+0.053%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.61	−0.037%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.95	+0.006%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.12	−0.100%	$67K	$39K	12x	as long as short