Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −11.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.001%
Price spread now: Kalshi against Paradex−0.121%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 4 days (all we have)−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)+0.264%+$26 · spread now −0.121%, 7d avg −0.026%
=Together, before fees+0.190%+ Points / potential airdropParadex: Active · farm board+$19 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 Kalshi is 0.096% cheaper against Paradex than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BNB-USD-PERP | 786.25 | 0.0100 | pay 0.0100% / 8h | 4h 48m | $78K | $1.3M | 50x |
| Short | Kalshi KXBNBPERP | 785.30 | 0 | get 0.0000% / 8h | 48m 31s | $153K | $2.5M | 4.8x |
Paradex BNB-USD-PERP
Kalshi KXBNBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.121% → −0.026%
- −$9.59
- Slippage, 4 orders
- −$17.16
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$61.75
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 4 min ago; Kalshi: live order book, 3 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 Paradex live order book, 4 min ago | 4.77 bp | 6.8 bp −$7 | 132.0 bp −$1,320 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 0.64 bp | 12.0 bp −$12 | 20.0 bp −$200 | doesn't fit | doesn't fit |
BNB on 46 exchanges
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 −0.0166% / S +0.0336% | 1h | 784.77 | −0.189% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0138% | 1h | 784.86 | −0.178% | $2.6M | $1.4M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.45 | +0.025% | $4K | — | 25x | as long as short |
| Bybit BNBUSDT | −0.0062% | 8h | 785.00 | −0.160% | $138.5M | $66.1M | 75x | as long as short |
| BingX BNB-USDC | −0.0050% | 8h | 785.69 | −0.072% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 786.15 | −0.013% | $5.9M | $16.8M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 786.52 | +0.033% | $2.9M | $26.8M | 10x | as long as short |
| Kalshi KXBNBPERPshort | 0.0000% | 8h | 785.30 | −0.121% | $153K | $2.5M | 4.8x | |
| StandX BNB-USD | 0.0000% | 1h | 787.24 | +0.125% | $849K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.61 | −0.209% | $9.5M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Bybit BNBUSDT
BingX BNB-USDC
Aster BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USDShow all 46 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0008% | 8h | 787.10 | +0.108% | $83.3M | $11.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0008% | 8h | 785.98 | −0.035% | $479.9M | $752.6M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.396% | $19K | $789K | 30x | as long as short |
| BloFin BNB-USDT | +0.0034% | 8h | 785.28 | −0.124% | $18.5M | $2.3M | 75x | as long as short |
| Phemex BNBUSDT | +0.0084% | 8h | 785.48 | −0.099% | $68.2M | $50.1M | 50x | as long as short |
| Variational Omni BNB | +0.0087% | 8h | 785.24 | −0.129% | $4.3M | $4.3M | — | as long as short |
| Lighter BNB | +0.0096% | 1h | 785.97 | −0.037% | $2.7M | $2.9M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.34 | −0.116% | $1.3M | $2.3M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.36 | +0.013% | $52.1M | $16.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.11 | −0.018% | $1.2M | $927K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.90 | −0.172% | $53.3M | $99.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.80 | −0.058% | $57K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.60 | −0.083% | $42.1M | $51.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.54 | −0.091% | $28.2M | $9.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.94 | −0.167% | $75.4M | $30.7M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.60 | −0.083% | $2.2M | $6.0M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.40 | +0.018% | $4.1M | $71.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.54 | +0.036% | $158K | $459K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.18 | −0.137% | $126K | $911K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.68 | −0.200% | $264K | $258K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.85 | −0.179% | $31K | $10K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.45 | −0.102% | $12K | $1.3M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 785.40 | −0.109% | $386K | $922K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 785.08 | −0.150% | $1.5M | $126K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 785.00 | −0.159% | $8.0M | $9.9M | 75x | as long as short |
| Paradex BNB-USD-PERPlong | +0.0100% | 8h | 786.25 | long leg | $78K | $1.3M | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 784.88 | −0.174% | $1.8M | $5.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.65 | −0.204% | $377K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0116% | 1h | 786.56 | +0.039% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 785.93 | −0.041% | $537K | $1.9M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 785.98 | −0.035% | $28K | $3K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0272% | 1h | 786.31 | +0.007% | $67K | $34K | 12x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 787.88 | +0.207% | $638K | $10K | 10x | as long as short |
| dYdX BNB-USD | +0.0315% | 1h | 785.84 | −0.052% | $158K | $34K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0315% | 1h | 784.74 | −0.192% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0391% | 1h | 785.75 | −0.065% | $1.1M | $939K | 20x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Injective BNB/USDC PERP
BloFin BNB-USDT
Phemex BNBUSDT
Variational Omni BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Coinbase International BNB-PERP-INTX
01 Exchange BNBUSD
Hibachi BNB/USDT-P
Bulk BNB-USD
dYdX BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC