Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0101%/8hpaid last 24h +0.029%
Price spread now: Kalshi against StandX−0.003%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$390.387% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 3 days (all we have)+0.191%+$19 · spread now −0.003%, 7d avg −0.039%
Together, before fees+0.220%+ Points / potential airdropStandX: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.037% dearer against StandX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BNB-USD799.920get 0.0000% / 1h5m 59s$865K$3.1M30x
ShortKalshi KXBNBPERP799.900.0101get 0.0101% / 8h5m 59s$107K$2.7M4.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against StandX. 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

Funding earned
$21.18
Price spread: −0.003% → −0.039%
$3.68
Slippage, 4 orders
−$20.74
Fee StandX: 4 bp × 2 orders
−$8
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$13.89
Costs to cover
0.387%
Break-even
11.6 days
Slippage from StandX: live order book, 2 min ago; Kalshi: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 2 min ago4.93 bp9.6 bp −$1013.0 bp −$130doesn't fitdoesn't fit
Sell Kalshi live order book, 2 min ago3.75 bp9.9 bp −$1014.6 bp −$146doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h799.18−0.093%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h800.04+0.015%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.79−0.016%$3.0M$29.9M10xas long as short
StandX BNB-USDlong0.0000%1h799.92long leg$865K$3.1M30x
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0008%1h799.18−0.092%$9.7M150xas long as short
Injective BNB/USDC PERP+0.0033%1h800.33+0.051%$19K$513K30xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h800.07+0.019%$601K$900K50xas long as short
Variational Omni BNB+0.0070%8h798.95−0.122%$4.1M$5.5Mas long as short
BingX BNB-USDT+0.0078%8h799.05−0.109%$33.8Mas long as short
Aster BNBUSDT+0.0090%8h799.68−0.030%$6.3M$18.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h799.49−0.054%$2.9M$3.9M20xas long as short
MEXC BNB_USDT+0.0097%8h800.30+0.048%$83.9M$15.2M200xas long as short
Binance BNBUSDT+0.0097%8h799.53−0.049%$516.2M$802.7M75xas long as short
Nado BNB-PERP+0.0100%1h798.83−0.136%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h799.47−0.056%$1.2M$916K20xas long as short
Bybit BNBUSDT+0.0100%8h798.72−0.150%$138.2M$86.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80−0.140%$54.9M$116.3M50xas long as short
Arcus BNB-USD+0.0100%1h799.30−0.078%$53K$221K10xas long as short
Gate BNB_USDT+0.0100%8h798.75−0.146%$35.8M$59.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.92−0.125%$28.0M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h798.72−0.150%$78.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h800.11+0.023%$4.2M$76.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.09+0.021%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.18−0.093%$120K$881K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.21−0.089%$386K$627K50xas long as short
Derive BNB-PERP+0.0100%1h799.26−0.082%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.86−0.008%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.20−0.090%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h799.19−0.091%$8.2M$7.0M75xas long as short
Bulk BNB-USD+0.0100%1h799.93+0.001%$649K$3K10xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.79−0.016%$78K$19K50xas long as short
Kalshi KXBNBPERPshort+0.0101%8h799.90−0.003%$107K$2.7M4.8x
Extended BNB-USD+0.0104%1h798.74−0.147%$1.9M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h799.25−0.084%$384K$40K10xas long as short
Phemex BNBUSDT+0.0112%8h799.69−0.029%$69.9M$51.7M50xas long as short
Phoenix BNB+0.0151%1h799.88−0.005%$172K$28K10xas long as short
RISEx BNB/USDC+0.0165%1h799.42−0.062%$1.1M$1.5M20xas long as short
Kraken Futures PF_BNBUSD+0.0185%1h799.13−0.099%$2.5M$914K50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.60−0.040%$1.6M$159K25xas long as short
BloFin BNB-USDT+0.0218%8h800.22+0.038%$18.9M$3.0M75xas long as short
Hyperliquid BNB+0.0224%1h799.82−0.012%$51.3M$21.4M10xas long as short
01 Exchange BNBUSD+0.0280%1h799.89−0.004%$28K$1K10xas long as short
Hibachi BNB/USDT-P+0.0312%1h799.93+0.001%$70K$47K12xas long as short
Reya BNBRUSDPERP+0.0335%1h798.82−0.137%$9K40xas long as short
dYdX BNB-USD+0.0364%1h799.53−0.049%$169K$55K10xas long as short
Backpack BNB_USDC_PERP+0.0689%1h800.18+0.033%$3.0M$5.3M40xas long as short