Funding you earn now, next payment 07:00 UTC+0.0213%/8h= +23.4% APRpaid last 24h +0.053%
Price spread now: Kalshi against Hotstuff+0.032%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kalshi is 0.032% dearer against Hotstuff than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BNB-PERP | 787.05 | −0.0080 | get 0.0010% / 1h | 53m 54s | $4K | $42 | 25x |
| Short | Kalshi KXBNBPERP | 787.30 | 0.0133 | get 0.0133% / 8h | 5h 53m | $169K | $2.7M | 4.8x |
Hotstuff BNB-PERP
Kalshi KXBNBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Hotstuff. 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
- $44.83
- Price spread: +0.032% → 0.000%
- $3.18
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $33
- Costs to cover
- 0.150%
- Break-even
- 1.8 days
Slippage unknown: Hotstuff: no order-book sample; Kalshi: live order book, 4 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 4 min ago | 3.81 bp | 12.6 bp −$13 | 18.6 bp −$186 | doesn't fit | doesn't fit |
Hotstuff: 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 | 786.44 | −0.077% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 787.05 | long leg | $4K | $42 | 25x | |
| StandX BNB-USD | 0.0000% | 1h | 787.66 | +0.078% | $849K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.51 | −0.068% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.292% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 787.09 | +0.005% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDC | +0.0054% | 8h | 786.76 | −0.037% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0067% | 8h | 787.30 | +0.032% | $80.8M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 786.97 | −0.010% | $490.0M | $816.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0071% | 8h | 787.11 | +0.008% | $68.9M | $51.0M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0074% | 1h | 786.44 | −0.077% | $159K | $62K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 788.38 | +0.169% | $569K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.77 | −0.035% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.61 | −0.056% | $265K | $471K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.30 | −0.095% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.69 | −0.046% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.40 | −0.083% | $138.3M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.30 | −0.095% | $53.4M | $113.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.70 | −0.044% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.40 | −0.083% | $37.0M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.28 | −0.098% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.25 | −0.102% | $76.1M | $31.1M | 75x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.71 | −0.043% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.78 | +0.093% | $4.1M | $75.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.16 | +0.014% | $158K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.33 | −0.091% | $131K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.78 | −0.035% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.14 | +0.011% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.70 | −0.044% | $387K | $986K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.77 | −0.035% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 786.75 | −0.039% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.24 | −0.103% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.62 | −0.054% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 787.80 | +0.095% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERPshort | +0.0133% | 8h | 787.30 | +0.032% | $169K | $2.7M | 4.8x | |
| Hyperliquid BNB | +0.0141% | 1h | 787.09 | +0.005% | $51.5M | $17.6M | 10x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 787.35 | +0.038% | $17.8M | $2.2M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.56 | −0.063% | $2.5M | $1.2M | 50x | as long as short |
| Backpack BNB_USDC_PERP | +0.0219% | 1h | 787.40 | +0.044% | $2.2M | $6.1M | 40x | as long as short |
| GRVT BNB_USDT_Perp | +0.0226% | 8h | 787.46 | +0.052% | $2.9M | $29.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0272% | 1h | 786.95 | −0.013% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.01 | −0.005% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 786.21 | −0.107% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0339% | 1h | 788.57 | +0.193% | $639K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.75 | −0.039% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0568% | 1h | 786.99 | −0.008% | $67K | $39K | 12x | as long as short |
dYdX BNB-USD
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
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
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Hyperliquid BNB
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
Backpack BNB_USDC_PERP
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P