BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.001%

Price spread now: Kalshi against SunX−0.027%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

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

costs, in and out, $10k−$650.651% of the position

Long on SunX Short on Kalshi

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.027%, 7d avg −0.064%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.037% dearer against SunX than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.064%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	806.52	0.0100	pay 0.0100% / 8h	2h 23m	$13K	$1.7M	50x
Short	Kalshi KXBNBPERP	806.30	0	get 0.0000% / 8h	6h 23m	$112K	$2.5M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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 SunXbpFee KalshibpOrdersPrice spread, now −0.027%Rate

Funding earned: −$21
Price spread: −0.027% → −0.064%: $3.71
Slippage, 4 orders: −$47.13
Fee SunX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$82.43
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Kalshi: live order book, 4 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 SunX live order book, 11 min ago	15.06 bp	21.6 bp −$22	29.4 bp −$294	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	2.48 bp	7.5 bp −$7	13.1 bp −$131	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 −0.0195% / S +0.0371%	1h	805.95	−0.070%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.49	−0.003%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.40	−0.138%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERPshort	0.0000%	8h	806.30	−0.027%	$112K	$2.5M	4.8x
StandX BNB-USD	0.0000%	1h	805.57	−0.117%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.96	−0.069%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.21	−0.038%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	805.22	−0.160%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	806.10	−0.052%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	805.69	−0.102%	$139.7M	$82.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.80	−0.213%	$609K	$879K	50x	as long as short
Aster BNBUSDT	+0.0094%	8h	806.66	+0.018%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	806.29	−0.028%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.76	−0.093%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.27	−0.030%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.90	−0.076%	$55.2M	$115.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.30	−0.027%	$53K	$168K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.85	−0.083%	$36.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.90	−0.076%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.78	−0.091%	$79.3M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.49	−0.128%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.60	−0.114%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.83	−0.085%	$119K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.06	−0.057%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.22	−0.037%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	806.52	long leg	$13K	$1.7M	50x
HTX BNB-USDT	+0.0100%	8h	805.60	−0.113%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.71	+0.024%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.69	−0.102%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.18	−0.042%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0110%	8h	806.90	+0.048%	$84.7M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0111%	8h	806.80	+0.035%	$521.0M	$804.3M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.78	−0.091%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0126%	8h	806.68	+0.020%	$70.4M	$51.8M	50x	as long as short
Hyperliquid BNB	+0.0177%	1h	806.75	+0.029%	$51.8M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.270%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.60	+0.010%	$1.6M	$165K	25x	as long as short
SoDEX BNB-USD	+0.0200%	1h	806.10	−0.052%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.34	−0.022%	$1.1M	$1.5M	20x	as long as short
BloFin BNB-USDT	+0.0230%	8h	806.35	−0.021%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	805.61	−0.112%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0261%	1h	805.64	−0.109%	$170K	$55K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.67	−0.105%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	807.03	+0.064%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.202%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0654%	1h	807.02	+0.062%	$3.0M	$5.5M	40x	as long as short