BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h +0.003%

Price spread now: MEXC against Kalshi+0.038%7-day average +0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days+0.136%+$14 · spread now +0.038%, 7d avg +0.161%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.123% cheaper against Kalshi than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.161%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.102%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	786.70	0.0139	pay 0.0139% / 8h	5h 40m	$171K	$2.7M	4.8x
Short	MEXC BNB_USDT	787.00	0.0065	get 0.0065% / 8h	1h 40m	$81.0M	$12.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$15.52
Price spread: +0.038% → +0.161%: −$12.34
Slippage, 4 orders: −$10.07
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$51.93
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; MEXC: live order book, 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	3.81 bp	8.8 bp −$9	14.5 bp −$145	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.63 bp	3.8 bp −$4	5.9 bp −$59	17.6 bp −$1,760	34.3 bp −$17.1K

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 −0.0170% / S +0.0337%	1h	785.94	−0.097%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.37	−0.042%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.13	+0.055%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.98	−0.091%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.338%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0049%	8h	786.47	−0.029%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDT	+0.0053%	8h	786.13	−0.072%	—	$22.3M	—	as long as short
dYdX BNB-USD	+0.0062%	1h	786.47	−0.030%	$159K	$62K	10x	as long as short
MEXC BNB_USDTshort	+0.0065%	8h	787.00	+0.038%	$81.0M	$12.0M	200x
Binance BNBUSDT	+0.0066%	8h	786.38	−0.041%	$489.9M	$816.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	786.57	−0.017%	$68.8M	$50.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.88	+0.023%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.05	−0.083%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.05	−0.083%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.30	−0.051%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.73	−0.123%	$138.3M	$75.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.80	−0.114%	$53.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.30	−0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.05	−0.083%	$37.2M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.60	−0.140%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.65	−0.133%	$76.1M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.63	−0.009%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.100%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.84	+0.018%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.27	−0.055%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.92	−0.099%	$131K	$949K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.91	−0.100%	$264K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.47	−0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.58	−0.015%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.00	−0.089%	$386K	$984K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.38	−0.041%	$8.0M	$10.1M	75x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.58	−0.015%	$51.5M	$17.7M	10x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.78	+0.010%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.58	−0.143%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.93	−0.098%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.77	+0.009%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0139%	8h	786.70	long leg	$171K	$2.7M	4.8x
BloFin BNB-USDT	+0.0186%	8h	786.93	+0.029%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.29	−0.052%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	785.73	−0.123%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.39	+0.087%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	786.51	−0.024%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	787.08	+0.049%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	785.71	−0.126%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.32	−0.048%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	786.57	−0.017%	$67K	$39K	12x	as long as short