BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.001%

Price spread now: Bitget against Kalshi−0.067%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

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

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.067%, 7d avg −0.071%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	787.50	0	get 0.0000% / 8h	1h 06m	$155K	$2.5M	4.8x
Short	Bitget BNBUSDT	786.97	0.0100	get 0.0100% / 8h	5h 06m	$75.8M	$30.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kalshi. 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 KalshibpFee BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: $21
Price spread: −0.067% → −0.071%: $0.41
Slippage, 4 orders: −$8.56
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.16
Costs to cover: 0.306%
Break-even: 10.1 days

Slippage from Kalshi: live order book, 5 min ago; Bitget: 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 Kalshi live order book, 5 min ago	2.54 bp	8.8 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.06 bp	6.6 bp −$7	8.4 bp −$84	18.0 bp −$1,798	doesn't fit

BNB on 46 exchanges

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 −0.0166% / S +0.0336%	1h	787.11	−0.050%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.11	−0.050%	$2.7M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.94	+0.056%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0034%	8h	786.90	−0.076%	$138.7M	$65.5M	75x	as long as short
BingX BNB-USDC	−0.0023%	8h	787.23	−0.034%	—	$13.4M	—	as long as short
Aster BNBUSDT	0.0000%	8h	787.85	+0.044%	$6.0M	$16.8M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.51	+0.001%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERPlong	0.0000%	8h	787.50	long leg	$155K	$2.5M	4.8x
StandX BNB-USD	0.0000%	1h	788.11	+0.077%	$850K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.09	−0.053%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0011%	8h	788.80	+0.165%	$83.5M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0011%	8h	787.91	+0.053%	$481.0M	$756.3M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.234%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0044%	8h	787.75	+0.032%	$18.5M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0087%	8h	787.77	+0.034%	$68.4M	$50.5M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.42	−0.011%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.83	−0.085%	$1.4M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.85	+0.044%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.53	+0.004%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.051%	$53.4M	$101.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	−0.013%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.30	−0.025%	$42.1M	$54.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.98	−0.066%	$28.1M	$9.6M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	786.97	−0.067%	$75.8M	$30.8M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	787.62	+0.015%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.26	−0.158%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.37	−0.016%	$4.1M	$71.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.35	−0.019%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.98	−0.066%	$128K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.05	−0.057%	$264K	$297K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.20	−0.038%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.70	+0.025%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	−0.025%	$387K	$925K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.39	−0.014%	$1.5M	$126K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.19	−0.039%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.54	+0.006%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.75	−0.095%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.00	−0.064%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	787.71	+0.027%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.64	+0.018%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	787.68	+0.023%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0289%	1h	787.73	+0.029%	$638K	$10K	10x	as long as short
Hibachi BNB/USDT-P	+0.0304%	1h	787.14	−0.045%	$67K	$37K	12x	as long as short
Reya BNBRUSDPERP	+0.0316%	1h	786.63	−0.111%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.34	−0.020%	$1.1M	$888K	20x	as long as short
dYdX BNB-USD	+0.0902%	1h	786.85	−0.082%	$158K	$34K	10x	as long as short