Settings8H · net · $10k
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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 08:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.71 per $10,000 · paid last 24h −0.012%
Price spread now: BingX against Kalshi−0.037%50s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.315% of the position
Long on KalshiShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 7 days+0.018%+$2 · spread now −0.037%, 7d avg −0.035%
Together, before fees+0.135%+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, 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 paid +0.117%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXBNBPERP787.700.0121pay 0.0121% / 8h5h 13m$170K$2.7M4.8x
ShortBingX BNB-USDC787.410.0050get 0.0050% / 8h1h 13m—$13.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
−$15.01
Price spread: −0.037% → −0.035%
−$0.22
Slippage, 4 orders
−$11.5
Fee Kalshi: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$46.73
Costs to cover
0.315%
Break-even
never at this rate
Slippage from Kalshi: live order book, 5 min ago; BingX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 5 min ago3.17 bp8.2 bp −$814.1 bp −$141doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago0.25 bp7.1 bp −$79.5 bp −$9522.8 bp −$2,27974.7 bp −$37.3K

BNB on 45 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 −0.0170% / S +0.0337%1h787.34−0.046%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.59−0.014%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.18+0.061%$850K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.16−0.069%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.208%$19K$789K30xas long as short
BingX BNB-USDCshort+0.0050%8h787.41−0.037%—$13.4M—
Aster BNBUSDT+0.0050%8h787.99+0.037%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0060%8h788.60+0.114%$81.1M$12.1M200xas long as short
Binance BNBUSDT+0.0060%8h788.00+0.038%$490.5M$819.7M75xas long as short
dYdX BNB-USD+0.0065%1h787.28−0.053%$160K$62K10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0076%8h787.83+0.017%$68.8M$51.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.30−0.051%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.53−0.022%$2.7M$3.9M20xas long as short
Nado BNB-PERP+0.0100%1h787.25−0.057%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.07+0.047%$51.6M$17.7M10xas long as short
Pacifica BNB+0.0100%1h787.65−0.006%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.23−0.060%$138.6M$74.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.20−0.063%$53.6M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h787.60−0.013%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.40−0.038%$37.8M$59.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.09−0.077%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.21−0.062%$76.2M$31.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.69−0.001%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.11−0.075%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.77+0.009%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.72+0.003%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.30−0.051%$132K$951K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.42−0.036%$265K$470K50xas long as short
SunX BNB-USDT+0.0100%8h787.81+0.014%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.40−0.038%$387K$979K10xas long as short
HTX BNB-USDT+0.0100%8h787.55−0.019%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.00+0.038%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h787.03−0.086%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h787.26−0.056%$378K$110K10xas long as short
Kalshi KXBNBPERPlong+0.0121%8h787.70long leg$170K$2.7M4.8x
Phoenix BNB+0.0135%1h787.80+0.013%$169K$35K10xas long as short
BloFin BNB-USDT+0.0181%8h787.93+0.029%$17.7M$2.2M75xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h787.18−0.065%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0229%8h788.06+0.046%$2.9M$29.3M10xas long as short
01 Exchange BNBUSD+0.0248%1h788.01+0.039%$28K$4K10xas long as short
Bulk BNB-USD+0.0262%1h788.32+0.079%$639K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.65−0.007%$1.5M$145K25xas long as short
Reya BNBRUSDPERP+0.0321%1h787.10−0.076%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h787.58−0.015%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0496%1h787.44−0.033%$67K$39K12xas long as short