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: SunX against Kalshi0.000%55s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as 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−$640.640% of the position

Long on Kalshi Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now 0.000%, 7d avg +0.059%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.058% cheaper against Kalshi than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.059%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day). The two prices were read 55 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	788.20	0	get 0.0000% / 8h	7h 16m	$126K	$2.7M	4.8x
Short	SunX BNB-USDT	788.20	0.0100	get 0.0100% / 8h	3h 16m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → +0.059%: −$5.82
Slippage, 4 orders: −$45.96
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$48.78
Costs to cover: 0.640%
Break-even: 23.3 days

Slippage from Kalshi: live order book, 2 min ago; SunX: live order book, 9 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	2.54 bp	7.5 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	15.07 bp	23.5 bp −$23	30.8 bp −$308	doesn't fit	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 −0.0192% / S +0.0356%	1h	787.50	−0.089%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.55	−0.082%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.97	−0.029%	$4K	$42	25x	as long as short
Kalshi KXBNBPERPlong	0.0000%	8h	788.20	long leg	$126K	$2.7M	4.8x
StandX BNB-USD	0.0000%	1h	788.39	+0.024%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.50	−0.088%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	788.14	−0.007%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.143%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	787.65	−0.070%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0042%	8h	788.15	−0.006%	$491.4M	$801.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0042%	8h	788.40	+0.025%	$79.9M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0043%	8h	788.00	−0.025%	$68.9M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.128%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0087%	1h	787.24	−0.121%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.84	−0.046%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.57	−0.080%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.62	−0.074%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.40	−0.101%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.08	−0.015%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.71	−0.062%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.44	−0.096%	$138.5M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.089%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.076%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.095%	$36.0M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.43	−0.098%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.25	−0.121%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.72	−0.061%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.100%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	−0.019%	$4.1M	$74.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.89	−0.039%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.42	−0.099%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.66	−0.068%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	788.20	0.000%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	787.90	−0.038%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.63	−0.073%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.89	−0.040%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.33	−0.110%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.65	−0.070%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0162%	8h	788.00	−0.025%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0175%	8h	788.39	+0.024%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.011%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.10	−0.013%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.08	−0.015%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.30	−0.114%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.87	−0.042%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.85	−0.044%	$1.1M	$893K	20x	as long as short