BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h −0.029%

Price spread now: RISEx against Backpack−0.060%7-day average −0.120% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 7 days+0.212%+$21 · spread now −0.060%, 7d avg −0.120%

Together, before fees+0.269%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.060% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.120%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.057% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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	Backpack BNB_USDC_PERP	790.37	0.0100	pay 0.0013% / 1h	52m 12s	$2.2M	$6.1M	40x
Short	RISEx BNB/USDC	789.89	0.0461	get 0.0058% / 1h	52m 12s	$1.1M	$975K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Backpack. 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 BackpackbpFee RISExbpOrdersPrice spread, now −0.060%Rate

Funding earned: $75.73
Price spread: −0.060% → −0.120%: $6.02
Slippage, 4 orders: −$4.46
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $61.29
Costs to cover: 0.205%
Break-even: 1.3 days

Slippage from Backpack: live order book, 2 min ago; RISEx: live order book, 1 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 Backpack live order book, 2 min ago	0.06 bp	5.1 bp −$5	5.4 bp −$54	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.01 bp	4.0 bp −$4	7.9 bp −$79	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 −0.0183% / S +0.0348%	1h	789.59	−0.098%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.04	−0.042%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.25	+0.111%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.65	−0.091%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.862%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	790.30	−0.009%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	790.13	−0.030%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.034%	$583K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0068%	8h	790.26	−0.014%	$69.2M	$49.9M	50x	as long as short
Binance BNBUSDT	+0.0069%	8h	790.17	−0.025%	$493.1M	$789.5M	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	+0.0070%	8h	790.50	+0.016%	$80.2M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	789.84	−0.067%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.65	−0.091%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.05	−0.040%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.30	−0.009%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.16	−0.027%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.43	−0.119%	$138.9M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.50	−0.110%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.80	−0.072%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.60	−0.097%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.55	−0.104%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.28	−0.138%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERPlong	+0.0100%	1h	790.37	long leg	$2.2M	$6.1M	40x
Variational Omni BNB	+0.0100%	8h	790.82	+0.057%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.43	+0.134%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.18	−0.024%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.60	−0.097%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.75	−0.078%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.13	−0.030%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.90	−0.059%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.76	+0.050%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.37	+0.001%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.14	−0.156%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.65	−0.091%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0114%	1h	789.76	−0.077%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.15	+0.099%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	790.47	+0.013%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	790.70	+0.042%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0190%	8h	791.19	+0.104%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.12	−0.032%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.44	−0.117%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.161%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.06	−0.039%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.35	−0.129%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0461%	1h	789.89	−0.060%	$1.1M	$975K	20x
Hibachi BNB/USDT-P	+0.0544%	1h	790.81	+0.056%	$68K	$38K	12x	as long as short