Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.40 per $10,000 · paid last 24h −0.001%
Price spread now: Kalshi against Orderly+0.069%7-day average −0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.069%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.079% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 786.36 | 0.0100 | pay 0.0100% / 8h | 1h 41m | $264K | $470K | 50x |
| Short | Kalshi KXBNBPERP | 786.90 | 0.0140 | get 0.0140% / 8h | 5h 41m | $170K | $2.7M | 4.8x |
Orderly PERP_BNB_USDC
Kalshi KXBNBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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
- $8.39
- Price spread: +0.069% → −0.010%
- $7.9
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $0.29
- Costs to cover
- 0.160%
- Break-even
- 6.8 days
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 2 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 2 min ago | 3.81 bp | 8.8 bp −$9 | 15.9 bp −$159 | doesn't fit | doesn't fit |
Orderly: 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 −0.0170% / S +0.0337% | 1h | 786.32 | −0.006% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.70 | +0.043% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.37 | +0.128% | $849K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.31 | −0.006% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.382% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0049% | 8h | 786.98 | +0.079% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDC | +0.0054% | 8h | 786.46 | +0.013% | — | $13.4M | — | as long as short |
| dYdX BNB-USD | +0.0064% | 1h | 786.47 | +0.014% | $159K | $62K | 10x | as long as short |
| MEXC BNB_USDT | +0.0066% | 8h | 787.50 | +0.145% | $81.0M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0066% | 8h | 786.93 | +0.072% | $490.2M | $816.6M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
dYdX BNB-USD
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0078% | 8h | 786.89 | +0.067% | $68.8M | $50.9M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.88 | +0.066% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.54 | +0.022% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.20 | −0.020% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.50 | +0.018% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.40 | +0.005% | $138.4M | $75.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.40 | +0.005% | $53.5M | $113.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.50 | +0.018% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.35 | −0.001% | $37.2M | $58.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.10 | −0.033% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.23 | −0.017% | $76.1M | $31.1M | 75x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.91 | −0.057% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.84 | +0.061% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.27 | −0.011% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.22 | −0.018% | $131K | $949K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 786.36 | long leg | $264K | $470K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 786.58 | +0.027% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.07 | +0.090% | $13K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.40 | +0.005% | $387K | $984K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.38 | +0.002% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 786.69 | +0.041% | $76K | $17K | 50x | as long as short |
| Backpack BNB_USDC_PERP | +0.0102% | 1h | 786.72 | +0.046% | $2.2M | $6.1M | 40x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.03 | −0.042% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.40 | +0.006% | $378K | $110K | 10x | as long as short |
| Hyperliquid BNB | +0.0111% | 1h | 786.98 | +0.079% | $51.5M | $17.7M | 10x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 786.68 | +0.041% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERPshort | +0.0140% | 8h | 786.90 | +0.069% | $170K | $2.7M | 4.8x | |
| BloFin BNB-USDT | +0.0187% | 8h | 787.15 | +0.100% | $17.8M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 786.80 | +0.055% | $1.5M | $143K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.25 | −0.014% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0227% | 8h | 787.04 | +0.086% | $2.9M | $29.5M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 786.83 | +0.060% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0305% | 1h | 787.08 | +0.092% | $638K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 786.06 | −0.038% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.56 | +0.026% | $1.1M | $914K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0552% | 1h | 787.00 | +0.081% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Backpack BNB_USDC_PERP
Extended BNB-USD
Aevo BNB-PERP
Hyperliquid BNB
Phoenix BNB
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P