BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.001%

Price spread now: SunX against Kalshi−0.056%55s7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.630% of the position

Long on Kalshi Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now −0.056%, 7d avg +0.056%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and SunX is 0.112% cheaper against Kalshi than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.164%, so the current rate has only just turned against you. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	786.40	0.0112	pay 0.0112% / 8h	3h 36m	$159K	$2.6M	4.8x
Short	SunX BNB-USDT	785.96	0.0100	get 0.0100% / 8h	7h 36m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$2.46
Price spread: −0.056% → +0.056%: −$11.16
Slippage, 4 orders: −$45.02
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$76.64
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; SunX: live order book, 8 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, 2 min ago	3.81 bp	8.8 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	15.07 bp	23.7 bp −$24	30.7 bp −$307	doesn't fit	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	785.38	−0.130%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.37	−0.004%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	785.73	−0.086%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.12	−0.036%	$2.9M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	786.71	+0.039%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.81	−0.075%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0023%	8h	785.91	−0.062%	$6.0M	$18.4M	200x	as long as short
BingX BNB-USDT	+0.0032%	8h	785.52	−0.112%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.377%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0039%	8h	786.90	+0.064%	$82.4M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0040%	8h	785.82	−0.073%	$488.5M	$812.5M	75x	as long as short
Lighter BNB	+0.0096%	1h	785.70	−0.089%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.35	−0.134%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.00	−0.051%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.81	−0.075%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.24	−0.148%	$138.3M	$73.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.30	−0.140%	$53.4M	$110.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.70	−0.089%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.45	−0.121%	$39.3M	$55.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.03	−0.174%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.14	−0.160%	$75.3M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.16	−0.031%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.22	−0.150%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.98	−0.054%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.12	−0.036%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.54	−0.109%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.54	−0.109%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.93	−0.059%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	785.96	−0.056%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	785.80	−0.076%	$386K	$943K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.00	−0.050%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.09	−0.039%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.09	−0.166%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.53	−0.111%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERPlong	+0.0112%	8h	786.40	long leg	$159K	$2.6M	4.8x
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	+0.024%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	786.32	−0.010%	$158K	$38K	10x	as long as short
dYdX BNB-USD	+0.0128%	1h	785.69	−0.090%	$157K	$64K	10x	as long as short
Phemex BNBUSDT	+0.0133%	8h	786.41	+0.001%	$68.5M	$51.2M	50x	as long as short
BloFin BNB-USDT	+0.0158%	8h	786.34	−0.008%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.96	−0.057%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	−0.055%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	785.89	−0.065%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	785.26	−0.145%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	785.63	−0.098%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	786.13	−0.034%	$67K	$39K	12x	as long as short