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: Kalshi against KuCoin+0.204%49s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as 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−$450.451% of the position

Long on KuCoin Short on Kalshi

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)−0.077%−$8 · spread now +0.204%, 7d avg +0.032%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.172% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.149%, so the current rate has only just turned in your favour. 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	KuCoin BNBUSDTM	799.37	0.0100	pay 0.0100% / 8h	7h 23m	$27.9M	$10.1M	75x
Short	Kalshi KXBNBPERP	801.00	0.0156	get 0.0156% / 8h	3h 23m	$90K	$2.8M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now +0.204%Rate

Funding earned: $11.79
Price spread: +0.204% → +0.032%: $17.15
Slippage, 4 orders: −$23.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$16.15
Costs to cover: 0.451%
Break-even: 16.6 days

Slippage from KuCoin: live order book, 5 min ago; Kalshi: live order book, 5 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 KuCoin live order book, 5 min ago	1.06 bp	13.9 bp −$14	25.7 bp −$257	59.3 bp −$5,928	doesn't fit
Sell Kalshi live order book, 5 min ago	4.38 bp	10.6 bp −$11	14.8 bp −$148	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 −0.0159% / S +0.0335%	1h	799.95	+0.073%	$48K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	799.80	+0.054%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.92	+0.069%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0024%	8h	799.86	+0.061%	—	$13.3M	—	as long as short
Bybit BNBUSDT	0.0000%	8h	799.40	+0.004%	$139.0M	$75.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.63	+0.158%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.87	+0.188%	$866K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	800.50	+0.141%	$69.9M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	799.72	+0.044%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.45	+0.010%	$9.7M	—	150x	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	+0.0024%	8h	799.30	−0.009%	$35.8M	$56.6M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.716%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	800.80	+0.179%	$617K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0059%	8h	800.04	+0.084%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0079%	8h	800.50	+0.141%	$83.1M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0080%	8h	799.96	+0.073%	$496.6M	$811.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.76	+0.048%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	800.45	+0.135%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.30	−0.009%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.81	+0.055%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.40	+0.004%	$54.2M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.80	+0.054%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	799.37	long leg	$27.9M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	799.07	−0.038%	$78.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.60	+0.153%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.54	+0.021%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.47	+0.013%	$115K	$882K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.99	+0.078%	$387K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.12	+0.094%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.69	+0.165%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.00	+0.079%	$393K	$999K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.12	+0.093%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.18	+0.102%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.12	−0.031%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.93	+0.070%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.012%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.51	+0.018%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERPshort	+0.0156%	8h	801.00	+0.204%	$90K	$2.8M	4.8x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.40	+0.128%	$1.6M	$161K	25x	as long as short
BloFin BNB-USDT	+0.0201%	8h	801.17	+0.225%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0203%	1h	800.07	+0.088%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	799.77	+0.050%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	800.58	+0.152%	$69K	$38K	12x	as long as short
Hyperliquid BNB	+0.0303%	1h	800.38	+0.126%	$53.2M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.26	−0.014%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0397%	1h	800.65	+0.160%	$2.7M	$5.7M	40x	as long as short