BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.59 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Kalshi−0.061%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.061%, 7d avg +0.058%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.120% cheaper against Kalshi than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	785.80	0.0112	pay 0.0112% / 8h	4h 36m	$170K	$2.7M	4.8x
Short	Binance BNBUSDT	785.32	0.0053	get 0.0053% / 8h	36m 39s	$488.2M	$822.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$12.42
Price spread: −0.061% → +0.058%: −$11.95
Slippage, 4 orders: −$7.79
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.16
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Binance: live order book, 7 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	0.64 bp	5.6 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.06 bp	5.1 bp −$5	6.3 bp −$63	11.7 bp −$1,174	34.5 bp −$17.3K

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	785.29	−0.065%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.65	−0.019%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.17	−0.081%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	786.17	+0.047%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.30	−0.063%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.455%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	785.43	−0.047%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0044%	8h	785.09	−0.090%	—	$13.4M	—	as long as short
Binance BNBUSDTshort	+0.0053%	8h	785.32	−0.061%	$488.2M	$822.4M	75x
MEXC BNB_USDT	+0.0053%	8h	786.20	+0.051%	$80.9M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0067%	1h	785.74	−0.007%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0081%	8h	785.81	+0.001%	$68.6M	$51.5M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.33	−0.060%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	786.10	+0.038%	$168K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.00	−0.102%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.84	+0.005%	$51.4M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.41	−0.050%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.81	−0.126%	$138.1M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.140%	$53.4M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	−0.089%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.10	−0.089%	$38.3M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.78	−0.130%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.56	−0.158%	$76.0M	$31.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.77	−0.004%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.30	+0.063%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	+0.058%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.94	+0.145%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.24	−0.071%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.33	−0.060%	$264K	$422K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.55	−0.031%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.82	+0.002%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.50	−0.038%	$386K	$972K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.56	−0.031%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.58	−0.029%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.68	−0.142%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.32	−0.061%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.02	+0.028%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERPlong	+0.0112%	8h	785.80	long leg	$170K	$2.7M	4.8x
BloFin BNB-USDT	+0.0174%	8h	785.82	+0.003%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.71	−0.011%	$1.5M	$145K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	786.50	+0.089%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	786.60	+0.102%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.36	−0.056%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	785.05	−0.096%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.19	−0.078%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.82	+0.003%	$67K	$39K	12x	as long as short