Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.062%

Price spread now: 01 Exchange against Kalshi+0.011%7-day average — · you sell dearer than you buy

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

Long on Kalshi Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	790.30	0.0174	pay 0.0174% / 8h	2h 03m	$92K	$2.9M	4.8x
Short	01 Exchange BNBUSD	790.39	0.0272	get 0.0034% / 1h	3m 38s	$28K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.011%Rate

Funding earned: $20.59
Price spread: +0.011% → 0.000%: $1.14
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $4.72
Costs to cover: 0.170%
Break-even: 5.4 days

Slippage unknown: Kalshi: live order book, 5 min ago; 01 Exchange: 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, 5 min ago	2.53 bp	9.9 bp −$10	16.9 bp −$169	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 45 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	789.75	−0.069%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.66	−0.081%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.11	−0.024%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.96	+0.084%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.86	−0.056%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.871%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	790.63	+0.042%	$6.2M	$19.2M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	789.85	−0.057%	—	$13.3M	—	as long as short
Variational Omni BNB	+0.0055%	8h	789.21	−0.138%	$4.1M	$4.8M	—	as long as short
Phemex BNBUSDT	+0.0056%	8h	790.36	+0.008%	$69.1M	$50.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	−0.187%	$619K	$1.8M	50x	as long as short
Gate BNB_USDT	+0.0063%	8h	789.65	−0.082%	$35.2M	$57.9M	75x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.60	+0.038%	$80.4M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	790.35	+0.006%	$494.7M	$817.0M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	−0.110%	$170K	$36K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0095%	8h	789.99	−0.039%	$2.9M	$28.4M	10x	as long as short
Lighter BNB	+0.0096%	1h	790.01	−0.037%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.75	−0.070%	$382K	$392K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.85	−0.057%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.55	+0.032%	$51.8M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.94	−0.046%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.70	−0.076%	$139.0M	$79.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.60	−0.089%	$53.4M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.00	−0.038%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.77	−0.067%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.52	−0.099%	$77.4M	$30.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.48	−0.104%	$4.1M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.73	−0.072%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.00	−0.038%	$138K	$947K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.86	−0.056%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.58	+0.035%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.15	−0.018%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.53	+0.029%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.46	−0.106%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.81	−0.062%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0109%	1h	789.56	−0.094%	$160K	$64K	10x	as long as short
SoDEX BNB-USD	+0.0110%	1h	789.80	−0.063%	$388K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	790.14	−0.020%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERPlong	+0.0174%	8h	790.30	long leg	$92K	$2.9M	4.8x
01 Exchange BNBUSDshort	+0.0272%	1h	790.39	+0.011%	$28K	$3K	10x
Bulk BNB-USD	+0.0298%	1h	789.80	−0.063%	$640K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.22	−0.011%	$1.5M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.90	−0.051%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0389%	1h	790.41	+0.014%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	789.78	−0.066%	$68K	$39K	12x	as long as short