Funding you earn now, next payment 02:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.007%
Price spread now: SoDEX against Kalshi0.000%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 3 days (all we have)+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now 0.000%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.080%, 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 | 792.80 | 0.0162 | pay 0.0162% / 8h | 2h 35m | $111K | $2.8M | 4.8x |
| Short | SoDEX BNB-USD | 792.80 | 0.0100 | get 0.0013% / 1h | 35m 24s | $390K | $995K | 10x |
Kalshi KXBNBPERP
SoDEX BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$13.04
- Price spread: 0.000% → +0.006%
- −$0.58
- Slippage, 4 orders
- −$13.04
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$44.67
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 3 min ago; SoDEX: live order book, 48 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 | 3.16 bp | 8.2 bp −$8 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 48 min ago | 0.63 bp | 4.9 bp −$5 | 8.6 bp −$86 | 81.8 bp −$8,184 | 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 −0.0167% / S +0.0335% | 1h | 792.63 | −0.021% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 792.66 | −0.018% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.06 | +0.033% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 793.44 | +0.081% | $857K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 792.74 | −0.008% | $9.7M | — | 150x | as long as short |
| Gate BNB_USDT | +0.0012% | 8h | 792.65 | −0.019% | $35.3M | $55.7M | 75x | as long as short |
| Variational Omni BNB | +0.0021% | 8h | 792.33 | −0.060% | $4.0M | $4.9M | — | as long as short |
| GRVT BNB_USDT_Perp | +0.0030% | 8h | 792.17 | −0.080% | $2.9M | $28.5M | 10x | as long as short |
| Aster BNBUSDT | +0.0032% | 8h | 793.27 | +0.059% | $6.1M | $19.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.550% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Gate BNB_USDT
Variational Omni BNB
GRVT BNB_USDT_Perp
Aster BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDC | +0.0049% | 8h | 792.42 | −0.048% | — | $13.4M | — | as long as short |
| dYdX BNB-USD | +0.0053% | 1h | 792.47 | −0.041% | $160K | $63K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.17 | −0.206% | $607K | $1.1M | 50x | as long as short |
| Phemex BNBUSDT | +0.0057% | 8h | 793.31 | +0.064% | $69.4M | $50.5M | 50x | as long as short |
| MEXC BNB_USDT | +0.0061% | 8h | 793.40 | +0.076% | $82.3M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 793.38 | +0.073% | $493.6M | $814.6M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 792.22 | −0.073% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 792.81 | +0.001% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 792.80 | 0.000% | $383K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 792.56 | −0.031% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 793.18 | +0.048% | $52.0M | $19.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 792.93 | +0.016% | $1.2M | $926K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 792.63 | −0.021% | $138.2M | $77.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 792.60 | −0.025% | $53.1M | $111.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 792.90 | +0.013% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 792.46 | −0.043% | $27.6M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 792.50 | −0.038% | $77.2M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 791.74 | −0.134% | $4.1M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 792.25 | −0.069% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 792.54 | −0.033% | $111K | $889K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 792.89 | +0.011% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 793.41 | +0.077% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USDshort | +0.0100% | 1h | 792.80 | 0.000% | $390K | $995K | 10x | |
| HTX BNB-USDT | +0.0100% | 8h | 791.72 | −0.136% | $8.1M | $8.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 792.99 | +0.024% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 792.23 | −0.072% | $1.7M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 792.88 | +0.010% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 792.78 | −0.002% | $1.1M | $1.3M | 20x | as long as short |
| Kalshi KXBNBPERPlong | +0.0162% | 8h | 792.80 | long leg | $111K | $2.8M | 4.8x | |
| Bulk BNB-USD | +0.0175% | 1h | 792.60 | −0.025% | $642K | $16K | 10x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.159% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 793.35 | +0.069% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 792.31 | −0.062% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0395% | 1h | 793.47 | +0.085% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0500% | 1h | 793.26 | +0.058% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0520% | 1h | 792.33 | −0.059% | $68K | $38K | 12x | as long as short |
BingX BNB-USDC
dYdX BNB-USD
Coinbase International BNB-PERP-INTX
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Bulk BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P