BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against Kalshi−0.089%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.089%, 7d avg −0.039%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.050% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.039%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.105% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	785.30	0	get 0.0000% / 8h	4h 17m	$170K	$2.7M	4.8x
Short	Gate BNB_USDT	784.60	0.0100	get 0.0100% / 8h	17m 19s	$38.2M	$58.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.089%Rate

Funding earned: $21
Price spread: −0.089% → −0.039%: −$4.99
Slippage, 4 orders: −$11.22
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.21
Costs to cover: 0.362%
Break-even: 13.7 days

Slippage from Kalshi: live order book, 1 min ago; Gate: live order book, 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	3.18 bp	9.3 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.32 bp	9.0 bp −$9	11.9 bp −$119	27.3 bp −$2,725	56.5 bp −$28.3K

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	784.45	−0.108%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.83	−0.060%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.67	−0.080%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERPlong	0.0000%	8h	785.30	long leg	$170K	$2.7M	4.8x
StandX BNB-USD	0.0000%	1h	785.26	−0.005%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.58	−0.092%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.520%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	785.10	−0.025%	$6.0M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0039%	8h	784.43	−0.111%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.70	+0.051%	$80.8M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0049%	8h	785.24	−0.008%	$488.1M	$816.7M	75x	as long as short
Phemex BNBUSDT	+0.0075%	8h	785.26	−0.005%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.71	−0.075%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.13	−0.022%	$159K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.35	−0.121%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.05	−0.032%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.76	−0.069%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.39	−0.116%	$138.0M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.40	−0.115%	$53.3M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.70	−0.076%	$52K	$125K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	784.60	−0.089%	$38.2M	$58.6M	75x
KuCoin BNBUSDTM	+0.0100%	8h	784.30	−0.127%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.24	−0.135%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.87	−0.055%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−0.240%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.01	−0.036%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	+0.015%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.31	−0.126%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.64	−0.084%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.56	−0.095%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.00	−0.038%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.80	−0.064%	$386K	$965K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.63	−0.085%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.12	−0.023%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.20	−0.141%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.68	−0.079%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−0.104%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0109%	1h	784.27	−0.132%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	785.10	−0.025%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	785.43	+0.017%	$2.9M	$28.3M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−0.047%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.03	−0.034%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.05	−0.032%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.16	−0.145%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.87	−0.055%	$1.1M	$904K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.71	−0.076%	$67K	$39K	12x	as long as short