BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h +0.001%

Price spread now: Paradex against Kalshi+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.041% dearer against Kalshi than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	792.30	0.0163	pay 0.0163% / 8h	2h 36m	$111K	$2.8M	4.8x
Short	Paradex BNB-USD-PERP	792.62	0.0100	get 0.0100% / 8h	6h 36m	$77K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$13.16
Price spread: +0.041% → 0.000%: $4.06
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.1
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 2 min ago; Paradex: 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, 2 min ago	3.16 bp	8.2 bp −$8	13.5 bp −$135	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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]	L −0.0167% / S +0.0335%	1h	791.74	−0.071%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	791.79	−0.065%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.66	−0.081%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.83	−0.059%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.73	−0.072%	$9.6M	—	150x	as long as short
Gate BNB_USDT	+0.0010%	8h	792.10	−0.025%	$35.3M	$55.7M	75x	as long as short
Variational Omni BNB	+0.0016%	8h	791.83	−0.060%	$4.1M	$5.0M	—	as long as short
Aster BNBUSDT	+0.0030%	8h	792.44	+0.018%	$6.1M	$19.8M	200x	as long as short
GRVT BNB_USDT_Perp	+0.0030%	8h	792.17	−0.017%	$2.9M	$28.5M	10x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.614%	$19K	$789K	30x	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	+0.0046%	1h	791.83	−0.059%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0049%	8h	792.43	+0.016%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.143%	$607K	$1.1M	50x	as long as short
Phemex BNBUSDT	+0.0058%	8h	792.28	−0.003%	$69.3M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0060%	8h	793.00	+0.088%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	792.77	+0.059%	$493.2M	$817.0M	75x	as long as short
Phoenix BNB	+0.0088%	1h	793.58	+0.162%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	792.13	−0.021%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.54	−0.096%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.30	−0.126%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.54	+0.030%	$52.0M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	792.29	−0.002%	$1.2M	$926K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	792.05	−0.032%	$138.1M	$77.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.00	−0.038%	$53.1M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.60	+0.038%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.96	−0.043%	$27.6M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.02	−0.035%	$77.1M	$28.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.74	−0.071%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.99	−0.039%	$159K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.93	−0.047%	$111K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.71	−0.075%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.40	+0.012%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.80	−0.063%	$389K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.53	−0.097%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	792.62	+0.041%	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	791.95	−0.044%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.41	−0.113%	$380K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	792.62	+0.041%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERPlong	+0.0163%	8h	792.30	long leg	$111K	$2.8M	4.8x
Bulk BNB-USD	+0.0175%	1h	792.60	+0.038%	$642K	$16K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.222%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.19	+0.112%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	791.61	−0.087%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	792.12	−0.022%	$1.5M	$161K	25x	as long as short
Backpack BNB_USDC_PERP	+0.0401%	1h	792.50	+0.025%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	791.98	−0.040%	$68K	$38K	12x	as long as short