Funding you earn now, next payment 09:00 UTC−0.0129%/8h= −14.2% APRpaid last 24h −0.055%
Price spread now: Kalshi against 01 Exchange−0.052%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kalshi is 0.052% cheaper against 01 Exchange than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BNBUSD | 787.41 | 0.0240 | pay 0.0030% / 1h | 50m 44s | $28K | $3K | 10x |
| Short | Kalshi KXBNBPERP | 787.00 | 0.0111 | get 0.0111% / 8h | 3h 50m | $171K | $2.6M | 4.8x |
01 Exchange BNBUSD
Kalshi KXBNBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against 01 Exchange. 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
- −$27.14
- Price spread: −0.052% → 0.000%
- −$5.21
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$49.35
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 3 min ago. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 3 min ago | 0.63 bp | 5.6 bp −$6 | 11.1 bp −$111 | doesn't fit | doesn't fit |
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 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 −0.0168% / S +0.0337% | 1h | 786.85 | −0.071% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.17 | −0.030% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 786.80 | −0.077% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 786.65 | −0.097% | $3.0M | $27.6M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.07 | −0.043% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.89 | −0.067% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0029% | 8h | 787.53 | +0.015% | $6.0M | $18.5M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.245% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0037% | 8h | 787.22 | −0.024% | — | $13.4M | — | as long as short |
| Binance BNBUSDT | +0.0045% | 8h | 787.51 | +0.013% | $489.9M | $812.2M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0045% | 8h | 788.30 | +0.113% | $82.0M | $12.1M | 200x | as long as short |
| dYdX BNB-USD | +0.0059% | 1h | 787.07 | −0.044% | $158K | $63K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.12 | −0.037% | $2.7M | $3.6M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.25 | −0.147% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.49 | +0.010% | $51.6M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.65 | −0.097% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.90 | −0.065% | $138.6M | $73.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.80 | −0.077% | $53.5M | $111.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.90 | −0.065% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.10 | −0.039% | $39.1M | $55.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.56 | −0.108% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.60 | −0.103% | $75.5M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.31 | −0.013% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.62 | −0.100% | $4.1M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.52 | −0.113% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.37 | −0.132% | $158K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.05 | −0.046% | $132K | $942K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.97 | −0.056% | $265K | $358K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.49 | −0.116% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.52 | +0.014% | $13K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.00 | −0.052% | $387K | $951K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.86 | −0.070% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.94 | −0.060% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.60 | −0.103% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.93 | −0.061% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERPshort | +0.0111% | 8h | 787.00 | −0.052% | $171K | $2.6M | 4.8x | |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 786.59 | −0.104% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 786.53 | −0.112% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDT | +0.0165% | 8h | 787.43 | +0.003% | $17.8M | $2.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0176% | 8h | 787.55 | +0.018% | $68.7M | $51.1M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.40 | −0.001% | $1.5M | $141K | 25x | as long as short |
| Bulk BNB-USD | +0.0208% | 1h | 785.85 | −0.198% | $637K | $831 | 10x | as long as short |
| 01 Exchange BNBUSDlong | +0.0240% | 1h | 787.41 | long leg | $28K | $3K | 10x | |
| Reya BNBRUSDPERP | +0.0320% | 1h | 786.61 | −0.102% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 787.11 | −0.038% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0432% | 1h | 786.50 | −0.116% | $67K | $39K | 12x | as long as short |
MEXC BNB_USDT
dYdX BNB-USD
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
BloFin BNB-USDT
Phemex BNBUSDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P