Funding you earn now, next payment 06:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h −0.115%
Price spread now: GMX against Kalshi−0.049%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GMX is 0.049% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBNBPERP | 785.00 | 0.0141 | pay 0.0141% / 8h | 6h 24m | $161K | $2.7M | 4.8x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 784.62 | L −0.0192% / S +0.0356% | pay 0.0044% / 1h | 24m 15s | $46K | — | 200x |
Kalshi KXBNBPERP
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$104.39
- Price spread: −0.049% → 0.000%
- −$4.85
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$131.25
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.
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, 4 min ago | 3.82 bp | 8.8 bp −$9 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 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]short | L −0.0192% / S +0.0356% | 1h | 784.62 | −0.049% | $46K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.06 | +0.008% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.75 | +0.096% | $847K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.79 | −0.027% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0032% | 8h | 785.50 | +0.064% | $6.1M | $19.0M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.559% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0042% | 8h | 784.77 | −0.029% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0050% | 8h | 785.37 | +0.047% | $68.7M | $50.5M | 50x | as long as short |
| MEXC BNB_USDT | +0.0056% | 8h | 785.30 | +0.038% | $80.3M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0056% | 8h | 785.41 | +0.052% | $489.4M | $811.4M | 75x | as long as short |
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 784.93 | −0.009% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 784.62 | −0.048% | $567K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 785.10 | +0.013% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.90 | −0.013% | $264K | $489K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.45 | −0.070% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.29 | +0.037% | $51.4M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.87 | −0.016% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.80 | −0.025% | $137.8M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.70 | −0.038% | $53.3M | $112.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.90 | −0.013% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.75 | −0.032% | $36.5M | $58.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.70 | −0.038% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.65 | −0.045% | $75.9M | $31.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.15 | +0.019% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 783.72 | −0.163% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 784.31 | −0.088% | $4.1M | $75.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.92 | −0.010% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.72 | −0.036% | $131K | $954K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 785.04 | +0.005% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.27 | +0.034% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.93 | −0.009% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.11 | +0.015% | $76K | $17K | 50x | as long as short |
| SoDEX BNB-USD | +0.0104% | 1h | 785.10 | +0.013% | $386K | $993K | 10x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.73 | −0.034% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 785.01 | +0.001% | $377K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 784.35 | −0.083% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERPlong | +0.0141% | 8h | 785.00 | long leg | $161K | $2.7M | 4.8x | |
| dYdX BNB-USD | +0.0168% | 1h | 784.36 | −0.082% | $159K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0176% | 8h | 785.45 | +0.057% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0208% | 8h | 785.52 | +0.066% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 785.53 | +0.068% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 785.69 | +0.088% | $637K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 784.60 | −0.050% | $6K | $3K | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 785.40 | +0.051% | $1.5M | $143K | 25x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 785.05 | +0.006% | $1.1M | $905K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0512% | 1h | 784.74 | −0.034% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
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
HTX BNB-USDT
Paradex BNB-USD-PERP
SoDEX BNB-USD
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
Hibachi BNB/USDT-P