Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.027%
Price spread now: Kalshi against gTrade (Gains Network)+0.167%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2892.888% of the position
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 7 days−0.169%−$17 · spread now +0.167%, 7d avg +0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.124% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BNB/USD | 787.79 | L +0.0007% / S −0.0007% | pay 0.0001% / 1h | 41m 53s | $9.5M | — | 150x |
| Short | Kalshi KXBNBPERP | 789.10 | 0 | get 0.0000% / 8h | 7h 41m | $129K | $2.7M | 4.8x |
gTrade (Gains Network) BNB/USD
Kalshi KXBNBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against gTrade (Gains Network). 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
- −$1.57
- Price spread: +0.167% → +0.042%
- $12.42
- Slippage, 4 orders
- −$268.82
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$277.97
- Costs to cover
- 2.888%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Kalshi: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2253.7 bp −$1.13M |
| Sell Kalshi live order book, 2 min ago | 0.63 bp | 13.2 bp −$13 | 18.4 bp −$184 | 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 −0.0192% / S +0.0356% | 1h | 787.81 | +0.003% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.73 | −0.008% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.50 | +0.091% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERPshort | 0.0000% | 8h | 789.10 | +0.167% | $129K | $2.7M | 4.8x | |
| StandX BNB-USD | 0.0000% | 1h | 788.90 | +0.141% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDlong | L +0.0007% / S −0.0007% | 1h | 787.79 | long leg | $9.5M | — | 150x | |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.196% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0033% | 8h | 788.34 | +0.070% | $6.1M | $18.8M | 200x | as long as short |
| BingX BNB-USDT | +0.0044% | 8h | 787.93 | +0.018% | — | $22.4M | — | as long as short |
| MEXC BNB_USDT | +0.0054% | 8h | 788.70 | +0.116% | $80.0M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0054% | 8h | 788.29 | +0.064% | $491.9M | $797.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0063% | 8h | 788.33 | +0.069% | $69.0M | $50.4M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.314% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 789.11 | +0.168% | $170K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.00 | +0.027% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.82 | +0.004% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.90 | +0.014% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.45 | +0.084% | $51.7M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.16 | +0.047% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.63 | −0.020% | $138.6M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.70 | −0.011% | $53.3M | $111.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.10 | +0.040% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.80 | +0.002% | $35.7M | $57.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.63 | −0.020% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.45 | −0.043% | $76.2M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.17 | +0.049% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.41 | +0.079% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.33 | +0.196% | $4.1M | $73.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.91 | +0.143% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.70 | −0.011% | $130K | $955K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.96 | +0.022% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.37 | +0.075% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.00 | +0.027% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.04 | +0.032% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.24 | +0.058% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.38 | −0.052% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.77 | −0.002% | $378K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0121% | 1h | 788.57 | +0.099% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0172% | 8h | 789.11 | +0.168% | $2.9M | $28.7M | 10x | as long as short |
| BloFin BNB-USDT | +0.0174% | 8h | 788.74 | +0.121% | $17.1M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0234% | 1h | 788.73 | +0.120% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 788.33 | +0.069% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.29 | +0.064% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 787.55 | −0.030% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 788.66 | +0.111% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.24 | +0.057% | $1.1M | $891K | 20x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
GRVT BNB_USDT_Perp
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC