BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.56 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against Kalshi−0.158%49s7-day average −0.032% · 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−$350.347% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.158%, 7d avg −0.032%

Together, before fees+0.179%+$18 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 KuCoin is 0.125% cheaper against Kalshi than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBNBPERP	799.80	0.0156	pay 0.0156% / 8h	3h 22m	$90K	$2.8M	4.8x
Short	KuCoin BNBUSDTM	798.54	0.0100	get 0.0100% / 8h	7h 22m	$27.9M	$10.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.158%Rate

Funding earned: −$11.79
Price spread: −0.158% → −0.032%: −$12.51
Slippage, 4 orders: −$12.7
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$59.01
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; KuCoin: 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	2.50 bp	7.5 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.75 bp	7.8 bp −$8	15.9 bp −$159	46.2 bp −$4,615	doesn't fit

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 −0.0159% / S +0.0335%	1h	799.49	−0.039%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.09	−0.089%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.11	−0.086%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0024%	8h	799.58	−0.028%	—	$13.3M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.63	+0.104%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.20	+0.050%	$865K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.77	−0.004%	$69.9M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	799.72	−0.010%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.66	−0.143%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0010%	8h	798.50	−0.163%	$138.9M	$76.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0020%	8h	798.50	−0.163%	$35.8M	$56.6M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.661%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	800.80	+0.125%	$617K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0057%	8h	799.17	−0.079%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0079%	8h	799.23	−0.071%	$496.2M	$811.9M	75x	as long as short
MEXC BNB_USDT	+0.0079%	8h	799.60	−0.025%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.29	−0.064%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	800.45	+0.081%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.65	−0.144%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.22	−0.073%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.50	−0.163%	$54.2M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.10	−0.088%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	798.54	−0.158%	$27.9M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	798.19	−0.201%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.60	+0.099%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.54	−0.033%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.73	−0.134%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.65	−0.144%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.15	−0.082%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.02	+0.027%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.20	−0.075%	$393K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.76	−0.005%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.37	−0.054%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.37	−0.179%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.08	−0.090%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.065%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.78	−0.127%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERPlong	+0.0156%	8h	799.80	long leg	$90K	$2.8M	4.8x
BloFin BNB-USDT	+0.0200%	8h	799.81	+0.001%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.88	−0.115%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.64	−0.020%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0202%	1h	799.08	−0.090%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	799.78	−0.003%	$69K	$38K	12x	as long as short
Hyperliquid BNB	+0.0302%	1h	799.41	−0.049%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.31	−0.186%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0396%	1h	799.92	+0.015%	$2.7M	$5.7M	40x	as long as short