Funding you earn now, next payment 02:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.001%
Price spread now: Kalshi against Polymarket Perps+0.023%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now +0.023%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, 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 7 days funding on this pair cost −0.157%, 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 | Polymarket Perps BNB-USD | 791.52 | 0.0100 | pay 0.0013% / 1h | 39m 02s | $111K | $889K | 10x |
| Short | Kalshi KXBNBPERP | 791.70 | 0.0163 | get 0.0163% / 8h | 2h 39m | $111K | $2.8M | 4.8x |
Polymarket Perps BNB-USD
Kalshi KXBNBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Polymarket Perps. 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
- $13.17
- Price spread: +0.023% → +0.020%
- $0.3
- Slippage, 4 orders
- −$13.33
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$17.86
- Costs to cover
- 0.313%
- Break-even
- 16.5 days
Slippage from Polymarket Perps: live order book, 29 min ago; Kalshi: live order book, 4 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 Polymarket Perps live order book, 29 min ago | 2.88 bp | 6.9 bp −$7 | 7.8 bp −$78 | 16.3 bp −$1,631 | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 3.78 bp | 8.8 bp −$9 | 14.2 bp −$142 | 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 −0.0167% / S +0.0335% | 1h | 791.46 | −0.008% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 791.80 | +0.035% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 790.94 | −0.073% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0008% | 8h | 791.55 | +0.004% | $35.3M | $55.6M | 75x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.95 | −0.072% | $855K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 791.61 | +0.011% | $9.6M | — | 150x | as long as short |
| Variational Omni BNB | +0.0016% | 8h | 791.83 | +0.039% | $4.1M | $5.0M | — | as long as short |
| GRVT BNB_USDT_Perp | +0.0023% | 8h | 792.65 | +0.142% | $3.0M | $28.6M | 10x | as long as short |
| Aster BNBUSDT | +0.0028% | 8h | 792.07 | +0.069% | $6.1M | $19.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.714% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
StandX BNB-USD
gTrade (Gains Network) BNB/USD
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0039% | 1h | 791.10 | −0.054% | $160K | $63K | 10x | as long as short |
| BingX BNB-USDC | +0.0049% | 8h | 790.94 | −0.073% | — | $13.4M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.17 | −0.044% | $607K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0060% | 8h | 792.40 | +0.111% | $82.1M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0061% | 8h | 792.32 | +0.101% | $492.9M | $817.3M | 75x | as long as short |
| Phemex BNBUSDT | +0.0075% | 8h | 792.18 | +0.083% | $69.3M | $50.5M | 50x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 793.58 | +0.260% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 791.75 | +0.029% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.47 | −0.006% | $383K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.10 | −0.053% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 791.56 | +0.005% | $1.2M | $926K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.50 | −0.003% | $138.1M | $77.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.40 | −0.015% | $53.1M | $111.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 791.40 | −0.015% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.47 | −0.006% | $27.7M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 791.31 | −0.027% | $77.1M | $28.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 793.83 | +0.292% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.01 | +0.315% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 791.52 | long leg | $111K | $889K | 10x | |
| Derive BNB-PERP | +0.0100% | 1h | 791.69 | +0.022% | $31K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 792.21 | +0.087% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 791.70 | +0.023% | $389K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 790.89 | −0.080% | $8.1M | $8.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 791.59 | +0.008% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 791.21 | −0.039% | $1.7M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 791.60 | +0.010% | $380K | $110K | 10x | as long as short |
| Hyperliquid BNB | +0.0111% | 1h | 792.07 | +0.069% | $52.0M | $19.7M | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 791.25 | −0.034% | $1.1M | $1.3M | 20x | as long as short |
| Kalshi KXBNBPERPshort | +0.0163% | 8h | 791.70 | +0.023% | $111K | $2.8M | 4.8x | |
| Bulk BNB-USD | +0.0167% | 1h | 793.21 | +0.213% | $644K | $10K | 10x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.321% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 791.51 | −0.001% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 791.26 | −0.033% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0394% | 1h | 792.52 | +0.126% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 792.10 | +0.073% | $1.5M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0504% | 1h | 790.50 | −0.129% | $68K | $38K | 12x | as long as short |
dYdX BNB-USD
BingX BNB-USDC
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Hyperliquid BNB
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