Funding you earn now, next payment 04:00 UTC−0.0173%/8h= −19.0% APRpaid last 24h −0.026%
Price spread now: gTrade (Gains Network) against Kalshi−0.088%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$293as in the Price arb table
costs, in and out, $10k−$2892.888% of the position
Funding, last 3 days (all we have)−0.020%−$2 on $10k
+Price spread, last 7 days+0.095%+$9 · spread now −0.088%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.046% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBNBPERP | 789.70 | 0.0180 | pay 0.0180% / 8h | 37m 05s | $124K | $2.7M | 4.8x |
| Short | gTrade (Gains Network) BNB/USD | 789.00 | L +0.0007% / S −0.0007% | get 0.0001% / 1h | 37m 05s | $9.5M | — | 150x |
Kalshi KXBNBPERP
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Kalshi. 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
- −$36.35
- Price spread: −0.088% → −0.043%
- −$4.58
- Slippage, 4 orders
- −$268.75
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$329.68
- Costs to cover
- 2.888%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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, 1 min ago | 3.16 bp | 8.2 bp −$8 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 −0.0185% / S +0.0350% | 1h | 789.01 | −0.088% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.81 | +0.014% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.98 | +0.035% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0007% / S −0.0007% | 1h | 789.00 | −0.088% | $9.5M | — | 150x | |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.949% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0040% | 8h | 789.61 | −0.011% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0054% | 8h | 789.23 | −0.060% | — | $13.4M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 789.45 | −0.032% | $582K | $1.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0065% | 8h | 789.80 | +0.013% | $80.1M | $12.3M | 200x | as long as short |
| Phemex BNBUSDT | +0.0066% | 8h | 789.70 | 0.000% | $69.1M | $49.9M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0066% | 8h | 789.70 | −0.001% | $492.9M | $788.9M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.22 | −0.061% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.06 | −0.081% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.32 | −0.174% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.61 | −0.011% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.48 | −0.027% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.81 | −0.113% | $138.7M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.00 | −0.089% | $53.3M | $111.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.60 | −0.013% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.90 | −0.101% | $35.4M | $56.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.89 | −0.103% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.62 | −0.137% | $76.3M | $30.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.40 | −0.038% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.90 | −0.101% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.70 | −0.001% | $4.1M | $73.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.35 | −0.044% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.98 | −0.091% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.17 | −0.067% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.72 | +0.003% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.20 | −0.063% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.81 | −0.113% | $8.1M | $9.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 790.05 | +0.044% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.65 | −0.133% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.08 | −0.079% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.39 | −0.039% | $170K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0127% | 1h | 789.74 | +0.005% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0137% | 8h | 789.99 | +0.037% | $2.9M | $28.2M | 10x | as long as short |
| Kalshi KXBNBPERPlong | +0.0180% | 8h | 789.70 | long leg | $124K | $2.7M | 4.8x | |
| BloFin BNB-USDT | +0.0186% | 8h | 789.67 | −0.004% | $18.1M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 789.62 | −0.010% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 788.97 | −0.093% | $2.5M | $1.2M | 50x | as long as short |
| Bulk BNB-USD | +0.0272% | 1h | 789.78 | +0.010% | $640K | $9K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.51 | −0.024% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 788.50 | −0.152% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.48 | −0.028% | $1.1M | $973K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 789.71 | +0.002% | $67K | $38K | 12x | as long as short |
Binance BNBUSDT
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
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
dYdX BNB-USD
GRVT BNB_USDT_Perp
BloFin BNB-USDT
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P