BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.001%

Price spread now: Kalshi against Bitget+0.121%7-day average +0.071% · 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−$28as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.121%, 7d avg +0.071%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.050% dearer against Bitget than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.071%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	784.75	0.0100	pay 0.0100% / 8h	13m 02s	$75.3M	$32.5M	75x
Short	Kalshi KXBNBPERP	785.70	0	get 0.0000% / 8h	4h 13m	$170K	$2.7M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now +0.121%Rate

Funding earned: −$21
Price spread: +0.121% → +0.071%: $5.03
Slippage, 4 orders: −$10.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$48.52
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Kalshi: live order book, just now.

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 Bitget live order book, 1 min ago	0.06 bp	6.7 bp −$7	10.7 bp −$107	17.0 bp −$1,701	doesn't fit
Sell Kalshi live order book, just now	4.45 bp	9.5 bp −$9	14.2 bp −$142	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 −0.0168% / S +0.0337%	1h	784.52	−0.030%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.94	+0.024%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.05	+0.039%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERPshort	0.0000%	8h	785.70	+0.121%	$170K	$2.7M	4.8x
StandX BNB-USD	0.0000%	1h	785.34	+0.075%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.16	+0.053%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.64	+0.113%	$6.0M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.592%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0038%	8h	785.16	+0.052%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	786.30	+0.198%	$80.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0048%	8h	785.63	+0.112%	$488.4M	$814.3M	75x	as long as short
Phemex BNBUSDT	+0.0076%	8h	785.71	+0.122%	$68.6M	$51.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.28	+0.067%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	+0.116%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.90	+0.019%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.48	+0.093%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.45	+0.089%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.89	+0.018%	$138.1M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.90	+0.019%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.40	+0.083%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.00	+0.032%	$38.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.83	+0.010%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	784.75	long leg	$75.3M	$32.5M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	785.31	+0.071%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.041%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.04	+0.037%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.13	+0.048%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.07	+0.041%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.20	+0.057%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.04	+0.037%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.82	+0.136%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.30	+0.070%	$386K	$963K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.18	+0.055%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.72	+0.124%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.76	+0.001%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.29	+0.068%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.03	+0.036%	$545K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0117%	1h	784.99	+0.031%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0168%	8h	785.67	+0.117%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.59	+0.107%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0216%	8h	785.20	+0.057%	$2.9M	$28.2M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	+0.023%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.82	+0.136%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.93	+0.022%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.44	+0.088%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	785.00	+0.031%	$67K	$39K	12x	as long as short