BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.007%

Price spread now: RISEx against Arcus+0.018%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.018%, 7d avg −0.076%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.093% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.076%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	789.20	0.0100	pay 0.0013% / 1h	36m 18s	$52K	$130K	10x
Short	RISEx BNB/USDC	789.34	0.0361	get 0.0045% / 1h	36m 18s	$1.1M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Arcus. 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 ArcusbpFee RISExbpOrdersPrice spread, now +0.018%Rate

Funding earned: $54.76
Price spread: +0.018% → −0.076%: $9.33
Slippage, 4 orders: −$13.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $39.77
Costs to cover: 0.243%
Break-even: 1.9 days

Slippage from Arcus: live order book, 27 min ago; RISEx: 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 Arcus live order book, 27 min ago	4.43 bp	9.2 bp −$9	27.6 bp −$276	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.32 bp	3.3 bp −$3	7.1 bp −$71	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 −0.0167% / S +0.0335%	1h	788.87	−0.042%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.96	−0.030%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.27	+0.009%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.92	−0.035%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.013%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.61	+0.052%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	−0.014%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0058%	8h	789.08	−0.015%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0069%	8h	789.43	+0.029%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	790.10	+0.114%	$80.3M	$12.4M	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	+0.0075%	8h	789.85	+0.082%	$493.8M	$804.8M	75x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.203%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.97	−0.029%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.45	+0.032%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.08	−0.015%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.057%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.43	+0.029%	$51.7M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.26	+0.008%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.013%	$138.8M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.10	−0.013%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	789.20	long leg	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	788.90	−0.038%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.70	−0.063%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.89	−0.039%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.20	0.000%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.080%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.03	−0.022%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.88	−0.041%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.31	+0.014%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.65	+0.057%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.67	−0.067%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.66	+0.058%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.79	−0.052%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.12	−0.010%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.072%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.15	−0.006%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0136%	1h	789.20	0.000%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	789.60	+0.051%	$94K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	789.53	+0.042%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0236%	1h	788.84	−0.045%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	789.53	+0.042%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.52	+0.040%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.077%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0361%	1h	789.34	+0.018%	$1.1M	$1.0M	20x
Bulk BNB-USD	+0.0373%	1h	788.05	−0.145%	$638K	$13K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.80	−0.050%	$67K	$38K	12x	as long as short