BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.08 per $10,000 · paid last 24h +0.001%

Price spread now: HTX against Kalshi−0.064%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Kalshi Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.064%, 7d avg −0.030%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.033% cheaper against Kalshi than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	785.70	0.0108	pay 0.0108% / 8h	4h 33m	$170K	$2.7M	4.8x
Short	HTX BNB-USDT	785.20	0.0100	get 0.0100% / 8h	33m 35s	$8.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$1.76
Price spread: −0.064% → −0.030%: −$3.32
Slippage, 4 orders: −$14.67
Fee Kalshi: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.75
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; HTX: live order book, just now.

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	0.64 bp	5.6 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell HTX live order book, just now	0.73 bp	12.3 bp −$12	14.6 bp −$146	44.9 bp −$4,495	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 −0.0168% / S +0.0337%	1h	784.90	−0.102%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.34	−0.046%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.22	−0.061%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	785.60	−0.013%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.25	−0.058%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.468%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	785.54	−0.020%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0044%	8h	785.19	−0.065%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0052%	8h	785.54	−0.020%	$488.2M	$821.7M	75x	as long as short
MEXC BNB_USDT	+0.0052%	8h	786.20	+0.064%	$80.9M	$12.0M	200x	as long as short

Show 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	−0.096%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0083%	8h	785.65	−0.006%	$68.6M	$51.3M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.18	−0.067%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.37	−0.042%	$166K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.80	−0.115%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.72	+0.003%	$51.4M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.29	−0.053%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.82	−0.112%	$138.1M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.80	−0.115%	$53.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.20	−0.064%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.00	−0.089%	$38.3M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.73	−0.123%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.62	−0.137%	$75.9M	$31.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.35	−0.045%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.70	−0.128%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.78	+0.010%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.40	−0.038%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.85	−0.108%	$131K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.18	−0.066%	$264K	$422K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.96	−0.094%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.28	−0.054%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.30	−0.051%	$386K	$972K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	785.20	−0.064%	$8.0M	$10.3M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	785.45	−0.032%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.53	−0.148%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.07	−0.080%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.19	−0.065%	$554K	$1.9M	50x	as long as short
Kalshi KXBNBPERPlong	+0.0108%	8h	785.70	long leg	$170K	$2.7M	4.8x
BloFin BNB-USDT	+0.0173%	8h	785.33	−0.047%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.61	−0.011%	$1.5M	$145K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	786.50	+0.102%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0222%	8h	785.51	−0.025%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.58	−0.015%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	784.58	−0.142%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.24	−0.058%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.34	−0.046%	$67K	$39K	12x	as long as short