BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.63 per $10,000 · paid last 24h −0.001%

Price spread now: Kalshi against HTX+0.156%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on HTX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.156%, 7d avg +0.026%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.130% dearer against HTX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.181%, 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	HTX BNB-USDT	794.26	0.0100	pay 0.0100% / 8h	7h 00m	$8.1M	$8.4M	75x
Short	Kalshi KXBNBPERP	795.50	0.0163	get 0.0163% / 8h	3h 00m	$103K	$2.8M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against HTX. 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 HTXbpFee KalshibpOrdersPrice spread, now +0.156%Rate

Funding earned: $13.25
Price spread: +0.156% → +0.026%: $12.95
Slippage, 4 orders: −$18.7
Fee HTX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$14.5
Costs to cover: 0.407%
Break-even: 14.7 days

Slippage from HTX: live order book, 4 min ago; Kalshi: live order book, 3 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 HTX live order book, 4 min ago	1.45 bp	8.3 bp −$8	13.0 bp −$130	60.8 bp −$6,076	doesn't fit
Sell Kalshi live order book, 3 min ago	1.25 bp	16.2 bp −$16	22.4 bp −$224	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 −0.0159% / S +0.0335%	1h	794.49	+0.029%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	794.35	+0.011%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.54	+0.035%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0009%	8h	793.60	−0.083%	$35.5M	$57.7M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	797.56	+0.415%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	796.25	+0.250%	$860K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.50	+0.030%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	794.01	−0.031%	$4.1M	$5.1M	—	as long as short
Phemex BNBUSDT	+0.0027%	8h	794.96	+0.088%	$69.4M	$50.4M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.363%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0040%	8h	794.47	+0.026%	$6.1M	$19.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	794.91	+0.082%	$608K	$1.1M	50x	as long as short
BingX BNB-USDT	+0.0055%	8h	794.08	−0.023%	—	$34.9M	—	as long as short
Binance BNBUSDT	+0.0066%	8h	794.39	+0.017%	$493.5M	$814.8M	75x	as long as short
Bybit BNBUSDT	+0.0067%	8h	793.60	−0.083%	$137.8M	$76.7M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	794.70	+0.055%	$82.5M	$13.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	794.35	+0.012%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	795.43	+0.147%	$171K	$36K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.35	+0.011%	$384K	$468K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.51	−0.095%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	794.24	−0.003%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.60	−0.083%	$53.5M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.30	+0.005%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.01	−0.032%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.46	−0.101%	$77.7M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	796.74	+0.312%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	797.11	+0.359%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.72	−0.068%	$112K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.45	+0.024%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.87	+0.077%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.50	+0.030%	$391K	$995K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	794.26	long leg	$8.1M	$8.4M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	794.24	−0.003%	$77K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.40	−0.109%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.35	+0.011%	$382K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	+0.558%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	794.03	−0.028%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERPshort	+0.0163%	8h	795.50	+0.156%	$103K	$2.8M	4.8x
dYdX BNB-USD	+0.0179%	1h	794.00	−0.033%	$160K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	794.80	+0.068%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	794.28	+0.002%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	794.70	+0.056%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0273%	1h	794.86	+0.075%	$52.8M	$20.1M	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.36	−0.114%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	796.08	+0.229%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0424%	1h	794.95	+0.087%	$2.7M	$5.7M	40x	as long as short