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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0373%/8h= −40.8% APRpaid last 24h −0.074%
Price spread now: Kalshi against Hibachi+0.030%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HibachiShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.629%−$63 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories
The price spread pays, funding is against you. Kalshi is 0.030% dearer against Hibachi than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P790.070.0552pay 0.0069% / 1h49m 49s$67K$39K12x
ShortKalshi KXBNBPERP790.300.0179get 0.0179% / 8h1h 49m$90K$2.8M4.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Hibachi. 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

Funding earned
−$78.33
Price spread: +0.030% → 0.000%
$2.96
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$94.37
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Kalshi: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample—————
Sell Kalshi live order book, 4 min ago1.90 bp6.9 bp −$713.6 bp −$136doesn't fitdoesn't fit
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0167% / S +0.0335%1h788.31−0.222%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h789.93−0.017%$4K$23925xas long as short
StandX BNB-USD0.0000%1h790.68+0.078%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h788.48−0.201%$9.6M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.902%$19K$789K30xas long as short
Aster BNBUSDT+0.0039%8h789.52−0.069%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h790.27+0.026%$618K$1.8M50xas long as short
BingX BNB-USDT+0.0055%8h789.01−0.134%—$34.5M—as long as short
Phemex BNBUSDT+0.0070%8h788.93−0.144%$69.1M$51.0M50xas long as short
MEXC BNB_USDT+0.0070%8h789.70−0.046%$80.5M$12.4M200xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0071%8h789.34−0.092%$493.8M$807.6M75xas long as short
Variational Omni BNB+0.0073%8h789.70−0.047%$4.1M$4.8M—as long as short
Gate BNB_USDT+0.0082%8h788.85−0.154%$35.3M$56.6M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h788.24−0.231%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h788.96−0.140%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.42−0.208%$381K$380K50xas long as short
Nado BNB-PERP+0.0100%1h788.95−0.141%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.54−0.066%$51.7M$18.4M10xas long as short
Pacifica BNB+0.0100%1h789.59−0.060%$1.2M$909K20xas long as short
Bybit BNBUSDT+0.0100%8h788.90−0.148%$138.6M$77.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.90−0.148%$53.4M$112.8M50xas long as short
Arcus BNB-USD+0.0100%1h789.20−0.110%$52K$130K10xas long as short
KuCoin BNBUSDTM+0.0100%8h788.51−0.197%$27.7M$10.4M75xas long as short
Bitget BNBUSDT+0.0100%8h788.71−0.172%$76.9M$30.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.72−0.170%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h789.77−0.038%$4.1M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.95−0.015%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.36−0.216%$137K$945K10xas long as short
Derive BNB-PERP+0.0100%1h788.68−0.176%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.96−0.141%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h788.90−0.148%$8.1M$9.1M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h790.52+0.057%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.49−0.199%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h788.41−0.210%$379K$110K10xas long as short
Phoenix BNB+0.0107%1h790.19+0.016%$170K$35K10xas long as short
SoDEX BNB-USD+0.0114%1h788.50−0.198%$388K$1.0M10xas long as short
GRVT BNB_USDT_Perp+0.0115%8h789.99−0.009%$3.0M$27.9M10xas long as short
Kalshi KXBNBPERPshort+0.0179%8h790.30+0.030%$90K$2.8M4.8x
dYdX BNB-USD+0.0225%1h789.85−0.028%$160K$64K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.73−0.169%$1.5M$161K25xas long as short
01 Exchange BNBUSD+0.0304%1h789.10−0.122%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h788.13−0.245%$6K$3K40xas long as short
Bulk BNB-USD+0.0340%1h789.39−0.086%$639K$13K10xas long as short
RISEx BNB/USDC+0.0361%1h789.06−0.127%$1.1M$1.1M20xas long as short
Hibachi BNB/USDT-Plong+0.0552%1h790.07long leg$67K$39K12x