BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.008%

Price spread now: Kalshi against Bybit+0.102%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

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

costs, in and out, $10k−$310.306% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.102%, 7d avg +0.055%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	786.10	0.0100	pay 0.0100% / 8h	58m 01s	$138.3M	$75.0M	75x
Short	Kalshi KXBNBPERP	786.90	0.0119	get 0.0119% / 8h	4h 58m	$171K	$2.7M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.102%Rate

Funding earned: $3.96
Price spread: +0.102% → +0.055%: $4.69
Slippage, 4 orders: −$9.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$21.97
Costs to cover: 0.306%
Break-even: 45.9 days

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.64 bp	6.1 bp −$6	8.1 bp −$81	19.8 bp −$1,975	177.3 bp −$88.6K
Sell Kalshi live order book, 5 min ago	1.91 bp	10.7 bp −$11	18.8 bp −$188	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 −0.0170% / S +0.0337%	1h	786.28	+0.023%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.89	+0.100%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.18	+0.010%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.41	+0.167%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.29	+0.025%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.416%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0047%	8h	786.33	+0.029%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	786.87	+0.098%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0057%	8h	787.40	+0.165%	$81.1M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	786.83	+0.093%	$489.0M	$821.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0060%	1h	786.64	+0.069%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0076%	8h	786.89	+0.100%	$68.7M	$51.3M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.50	+0.051%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	+0.006%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.86	+0.097%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.55	+0.057%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	786.10	long leg	$138.3M	$75.0M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	786.00	−0.013%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.50	+0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.25	+0.019%	$38.0M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.88	−0.028%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.97	−0.017%	$76.7M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.67	+0.073%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.024%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.76	+0.085%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.93	+0.106%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.18	+0.010%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.33	+0.029%	$264K	$449K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.35	+0.032%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.90	+0.101%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.50	+0.051%	$387K	$976K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.63	+0.068%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.85	+0.095%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.88	−0.028%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.35	+0.032%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.43	+0.169%	$564K	$1.9M	50x	as long as short
Kalshi KXBNBPERPshort	+0.0119%	8h	786.90	+0.102%	$171K	$2.7M	4.8x
Phoenix BNB	+0.0135%	1h	786.67	+0.073%	$169K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	787.39	+0.164%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.75	+0.083%	$1.5M	$145K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.06	+0.122%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	+0.099%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	786.88	+0.099%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.00	−0.013%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	786.57	+0.060%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	786.82	+0.092%	$67K	$39K	12x	as long as short