Funding you earn now, next payment 08:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.027%
Price spread now: gTrade (Gains Network) against Kalshi−0.097%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$293as in the Price arb table
costs, in and out, $10k−$2882.876% of the position
Funding, last 3 days (all we have)−0.037%−$4 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.097%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.052% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBNBPERP | 785.60 | 0.0109 | pay 0.0109% / 8h | 4h 34m | $170K | $2.7M | 4.8x |
| Short | gTrade (Gains Network) BNB/USD | 784.84 | L +0.0007% / S −0.0007% | get 0.0001% / 1h | 34m 54s | $9.5M | — | 150x |
Kalshi KXBNBPERP
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Kalshi. 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
- −$21.4
- Price spread: −0.097% → −0.045%
- −$5.17
- Slippage, 4 orders
- −$267.64
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$314.21
- Costs to cover
- 2.876%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 3 min ago | 0.64 bp | 5.6 bp −$6 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 −0.0168% / S +0.0337% | 1h | 784.81 | −0.101% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.18 | −0.053% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 784.88 | −0.091% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.75 | +0.019% | $847K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0007% / S −0.0007% | 1h | 784.84 | −0.097% | $9.5M | — | 150x | |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.481% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0041% | 8h | 785.35 | −0.032% | $6.0M | $18.9M | 200x | as long as short |
| BingX BNB-USDT | +0.0043% | 8h | 785.19 | −0.052% | — | $22.3M | — | as long as short |
| MEXC BNB_USDT | +0.0052% | 8h | 786.10 | +0.064% | $80.9M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0053% | 8h | 785.64 | +0.005% | $488.2M | $823.0M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0068% | 1h | 784.94 | −0.084% | $159K | $62K | 10x | as long as short |
| Phemex BNBUSDT | +0.0082% | 8h | 785.51 | −0.011% | $68.6M | $51.5M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.99 | −0.077% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 786.10 | +0.064% | $167K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.70 | −0.115% | $1.3M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.65 | +0.006% | $51.4M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 785.12 | −0.061% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.00 | −0.076% | $138.1M | $74.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.90 | −0.089% | $53.4M | $113.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.10 | −0.064% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.95 | −0.083% | $38.3M | $57.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.79 | −0.103% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.77 | −0.106% | $76.0M | $31.9M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.37 | −0.029% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 784.70 | −0.115% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.78 | +0.023% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 785.94 | +0.043% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.70 | −0.115% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.86 | −0.094% | $264K | $422K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.96 | −0.081% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.28 | −0.041% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 785.10 | −0.064% | $386K | $972K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 785.20 | −0.050% | $1.5M | $145K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 785.06 | −0.069% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.33 | −0.034% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.68 | −0.117% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.85 | −0.095% | $377K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 785.57 | −0.004% | $554K | $1.9M | 50x | as long as short |
| Kalshi KXBNBPERPlong | +0.0109% | 8h | 785.60 | long leg | $170K | $2.7M | 4.8x | |
| BloFin BNB-USDT | +0.0173% | 8h | 785.33 | −0.034% | $17.7M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0201% | 1h | 786.50 | +0.115% | $637K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0224% | 8h | 786.60 | +0.128% | $2.9M | $28.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 785.32 | −0.036% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 784.53 | −0.136% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 785.09 | −0.065% | $1.1M | $906K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 785.45 | −0.019% | $67K | $39K | 12x | as long as short |
dYdX BNB-USD
Phemex BNBUSDT
Lighter BNB
Phoenix BNB
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
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
BloFin BNB-USDT
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P