Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.027%

Price spread now: RISEx against BingX+0.020%7-day average −0.016% · 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−$16as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.125%+$13 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.020%, 7d avg −0.016%

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 0.036% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	795.09	0.0050	pay 0.0050% / 8h	6h 24m	—	$34.9M	—
Short	RISEx BNB/USDC	795.25	0.0131	get 0.0016% / 1h	24m 18s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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 BingXbpFee RISExbpOrdersPrice spread, now +0.020%Rate

Funding earned: $17.08
Price spread: +0.020% → −0.016%: $3.6
Slippage, 4 orders: −$3.15
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $1.53
Costs to cover: 0.191%
Break-even: 6.4 days

Slippage from BingX: live order book, 10 min ago; RISEx: live order book, 4 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 BingX live order book, 10 min ago	0.19 bp	5.9 bp −$6	7.9 bp −$79	12.8 bp −$1,284	29.0 bp −$14.5K
Sell RISEx live order book, 4 min ago	0.94 bp	3.9 bp −$4	8.7 bp −$87	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	794.88	−0.027%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.01	−0.011%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.33	+0.030%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	796.25	+0.146%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.94	−0.019%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	+0.066%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.258%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	795.44	+0.044%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0049%	8h	794.90	−0.024%	$35.4M	$56.3M	75x	as long as short
BingX BNB-USDTlong	+0.0050%	8h	795.09	long leg	—	$34.9M	—

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0054%	8h	795.60	+0.064%	$69.6M	$50.8M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.055%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.90	+0.102%	$82.6M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.60	+0.065%	$495.0M	$810.4M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0064%	8h	795.99	+0.114%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0072%	1h	795.36	+0.034%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.80	+0.089%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.28	+0.024%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.94	−0.019%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.20	+0.014%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.58	+0.062%	$52.1M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.38	+0.036%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.05	−0.005%	$139.0M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.00	−0.011%	$53.3M	$110.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.30	+0.026%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.77	−0.040%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.87	−0.028%	$77.4M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.83	+0.093%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.044%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.88	−0.026%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.11	+0.002%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.36	+0.034%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.10	+0.001%	$391K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	795.34	+0.031%	$8.2M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.61	+0.066%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.64	−0.056%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.15	+0.008%	$382K	$110K	10x	as long as short
RISEx BNB/USDCshort	+0.0131%	1h	795.25	+0.020%	$1.1M	$1.1M	20x
Kalshi KXBNBPERP	+0.0156%	8h	795.40	+0.039%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.105%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.49	+0.050%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.47	+0.048%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.72	−0.047%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	796.05	+0.121%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	795.94	+0.106%	$68K	$38K	12x	as long as short