Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.011%

Price spread now: RISEx against Binance−0.049%7-day average −0.082% · 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−$15as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.118%+$12 on $10k

Price spread, last 7 days+0.018%+$2 · spread now −0.049%, 7d avg −0.082%

Together, before fees+0.136%+$14 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 RISEx is 0.033% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	795.78	0.0063	pay 0.0063% / 8h	6h 22m	$495.1M	$810.1M	75x
Short	RISEx BNB/USDC	795.39	0.0131	get 0.0016% / 1h	22m 44s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now −0.049%Rate

Funding earned: $14.27
Price spread: −0.049% → −0.082%: $3.31
Slippage, 4 orders: −$2.29
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$0.72
Costs to cover: 0.183%
Break-even: 7.4 days

Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago	0.06 bp	5.6 bp −$6	7.5 bp −$75	16.4 bp −$1,645	doesn't fit
Sell RISEx live order book, 1 min ago	0.57 bp	3.6 bp −$4	7.5 bp −$75	doesn't fit	doesn't fit

BNB on 45 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	794.91	−0.109%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.86	−0.116%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.41	−0.046%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.71	−0.009%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.95	−0.104%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	−0.020%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.170%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	795.49	−0.036%	$6.1M	$19.7M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	795.35	−0.054%	—	$34.9M	—	as long as short
Gate BNB_USDT	+0.0051%	8h	795.10	−0.085%	$35.4M	$56.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0052%	8h	795.48	−0.038%	$69.6M	$50.8M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	−0.031%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	796.20	+0.053%	$82.7M	$12.8M	200x	as long as short
Binance BNBUSDTlong	+0.0063%	8h	795.78	long leg	$495.1M	$810.1M	75x
GRVT BNB_USDT_Perp	+0.0068%	8h	796.16	+0.048%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0075%	1h	795.36	−0.052%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.80	+0.003%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.35	−0.054%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.87	−0.114%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.00	−0.098%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.75	−0.004%	$52.1M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.35	−0.054%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.20	−0.073%	$139.0M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.10	−0.085%	$53.3M	$110.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.20	−0.073%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.01	−0.097%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.93	−0.107%	$77.4M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.83	+0.006%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.67	−0.014%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.91	−0.109%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.13	−0.082%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.40	−0.048%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.10	−0.085%	$391K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	795.34	−0.056%	$8.2M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.72	−0.007%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.06	−0.090%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.01	−0.096%	$382K	$110K	10x	as long as short
RISEx BNB/USDCshort	+0.0131%	1h	795.39	−0.049%	$1.1M	$1.1M	20x
Kalshi KXBNBPERP	+0.0155%	8h	795.40	−0.048%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.018%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.53	−0.031%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.42	−0.045%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.70	−0.135%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	795.76	−0.003%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.40	−0.048%	$68K	$38K	12x	as long as short