Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,048.8 | +0.0335 | pay 0.1005% / 24h | 3h 07m | $77K | $1.2M | 4.5x | Long Kalshi | |
| SHORT | 1,050.4 | 0 | 0.0000% / 4h | 1h 07m | $4.5M | $6.0M | 100x | Short Binance |
Price gap+0.155%
Funding gap−0.0335% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 22 hours. At the last 7 days' pace that is about 51 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0335% /8h now · paid −0.013% over the last 7D
Price+$9spread +0.155% now, avg +0.061% → +0.094% if it goes back
Costs−$270.266% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.013% in total, about −0.0006%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.155%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 19 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Large against open interest5.0 / 9.4 bp$10k is over 10% of Kalshi’s open interest.
- Note: Margin at max leverage$2,181 + $100Kalshi 4.5x, Binance 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.05Long Kalshi: 1 payment, −$10.05; short Binance: 6 payments, $0.00.
- OK: Entry gap works for you+0.155% vs +0.061%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$77K vs $4.5M OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · Binance YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0006%/8h × 21 periods−$1.28
Price spread+0.155% → +0.061% (7d avg)+$9.41
Slippage, 4 orderslive order books−$18.14
Fee Kalshi bp × 2 orders−$0.48
Fee Binance bp × 2 orders−$8.00
Net · 7 days · $10k−$18.50
Costs to cover0.266%Break-evennever at this rate
Slippage: Kalshi: live order book, 2 min ago; Binance: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi2.865.0 bp−$511.4 bp−$114doesn’t fitdoesn’t fit
SELL · SHORTBinance1.009.4 bp−$924.7 bp−$247doesn’t fitdoesn’t fit
Closing costs about the same again.