BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0115%/8h= +12.6% APRnext payment +$1.15 per $10,000 · paid last 24h −0.004%

Price spread now: Kalshi against Binance+0.001%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Binance Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.001%, 7d avg −0.060%

Together, before fees−0.198%−$20 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 0.061% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	789.59	0.0060	pay 0.0060% / 8h	4h 13m	$492.8M	$789.7M	75x
Short	Kalshi KXBNBPERP	789.60	0.0175	get 0.0175% / 8h	13m 20s	$126K	$2.7M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Binance. 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 BinancebpFee KalshibpOrdersPrice spread, now +0.001%Rate

Funding earned: $24.17
Price spread: +0.001% → −0.060%: $6.11
Slippage, 4 orders: −$11.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$1.53
Costs to cover: 0.318%
Break-even: 7.4 days

Slippage from Binance: live order book, 16 min ago; Kalshi: live order book, 5 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 Binance live order book, 16 min ago	0.06 bp	5.1 bp −$5	5.2 bp −$52	17.3 bp −$1,726	doesn't fit
Sell Kalshi live order book, 5 min ago	1.90 bp	13.2 bp −$13	19.3 bp −$193	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 −0.0188% / S +0.0353%	1h	789.09	−0.064%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.09	−0.063%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.070%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.15	−0.056%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.963%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.76	+0.022%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	789.13	−0.058%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	789.65	+0.008%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	790.10	+0.065%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDTlong	+0.0060%	8h	789.59	long leg	$492.8M	$789.7M	75x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.018%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.31	−0.035%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.16	−0.054%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.106%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.72	+0.016%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.33	−0.033%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.00	−0.075%	$138.8M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	−0.100%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	−0.037%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.10	−0.062%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.03	−0.071%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.87	−0.091%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.45	−0.018%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.162%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.25	−0.044%	$4.1M	$73.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	−0.034%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.98	−0.077%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.27	−0.041%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.55	−0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.30	−0.037%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.63	−0.121%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.56	−0.004%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.78	−0.102%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.15	−0.056%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	−0.057%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0120%	1h	788.65	−0.119%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0152%	8h	789.61	+0.003%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERPshort	+0.0175%	8h	789.60	+0.001%	$126K	$2.7M	4.8x
BloFin BNB-USDT	+0.0180%	8h	789.48	−0.014%	$18.1M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.58	−0.002%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0216%	1h	789.05	−0.068%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.71	+0.015%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	−0.069%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.85	−0.093%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	788.88	−0.090%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.46	−0.017%	$1.1M	$967K	20x	as long as short