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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h −0.001%
Price spread now: Kalshi against Paradex−0.088%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Kalshi
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
Funding pays, the price is against you. Kalshi is 0.088% cheaper against Paradex than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.4 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BNB-USD-PERP799.100.0100pay 0.0100% / 8h7h 47m$78K$19K50x
ShortKalshi KXBNBPERP798.400.0154get 0.0154% / 8h3h 47m$89K$2.9M4.8x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Paradex. 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

Funding earned
$11.32
Price spread: −0.088% → 0.000%
−$8.76
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$11.44
Costs to cover
0.140%
Break-even
14.1 days
Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Kalshi live order book, 1 min ago3.76 bp10.0 bp −$1015.6 bp −$156doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h798.28−0.103%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.48−0.202%$2.5M$979K50xas long as short
Bybit BNBUSDT−0.0087%8h797.80−0.163%$138.5M$77.0M75xas long as short
Hotstuff BNB-PERP−0.0080%1h798.53−0.071%$4K$23925xas long as short
BingX BNB-USDC−0.0030%8h798.19−0.114%—$13.3M—as long as short
GRVT BNB_USDT_Perp0.0000%8h798.33−0.097%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.61−0.061%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.25−0.107%$9.7M—150xas long as short
Variational Omni BNB+0.0008%8h797.13−0.247%$4.1M$5.4M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.750%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0046%8h798.28−0.103%$69.7M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.00−0.138%$601K$987K50xas long as short
Gate BNB_USDT+0.0062%8h797.90−0.150%$35.7M$55.8M75xas long as short
Aster BNBUSDT+0.0069%8h798.28−0.103%$6.2M$19.3M200xas long as short
MEXC BNB_USDT+0.0091%8h799.100.000%$83.0M$13.5M200xas long as short
Binance BNBUSDT+0.0091%8h798.86−0.030%$496.3M$816.8M75xas long as short
Lighter BNB+0.0096%1h798.32−0.097%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.23−0.109%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h797.79−0.164%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.29−0.101%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.90−0.150%$54.1M$111.8M50xas long as short
Arcus BNB-USD+0.0100%1h798.50−0.075%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.08−0.128%$27.9M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h797.92−0.148%$78.7M$27.6M75xas long as short
edgeX BNBUSDC+0.0100%4h798.20−0.113%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.13−0.121%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.09−0.126%$118K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.79−0.164%$386K$481K50xas long as short
Derive BNB-PERP+0.0100%1h797.94−0.146%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.51−0.074%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h797.90−0.150%$392K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h797.53−0.197%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERPlong+0.0100%8h799.10long leg$78K$19K50x
Extended BNB-USD+0.0104%1h797.69−0.177%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h797.88−0.153%$383K$108K10xas long as short
Bulk BNB-USD+0.0118%1h798.39−0.088%$648K$11K10xas long as short
Hibachi BNB/USDT-P+0.0136%1h797.87−0.154%$70K$34K12xas long as short
Kalshi KXBNBPERPshort+0.0154%8h798.40−0.088%$89K$2.9M4.8x
RISEx BNB/USDC+0.0155%1h798.22−0.110%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0211%8h798.50−0.075%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0216%1h798.74−0.045%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h798.27−0.103%$1.6M$160K25xas long as short
dYdX BNB-USD+0.0317%1h797.97−0.141%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h797.78−0.165%$6K$3K40xas long as short
Hyperliquid BNB+0.0357%1h799.00−0.013%$53.1M$20.9M10xas long as short
Backpack BNB_USDC_PERP+0.0387%1h798.52−0.073%$2.7M$5.7M40xas long as short