Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.012%

Price spread now: RISEx against Bitget+0.116%7-day average +0.047% · 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−$17as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.116%, 7d avg +0.047%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and RISEx is 0.069% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	805.86	0.0100	pay 0.0100% / 8h	1h 38m	$78.8M	$25.0M	75x
Short	RISEx BNB/USDC	806.79	0.0318	get 0.0040% / 1h	38m 07s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now +0.116%Rate

Funding earned: $45.86
Price spread: +0.116% → +0.047%: $6.89
Slippage, 4 orders: −$5.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $29.27
Costs to cover: 0.235%
Break-even: 2.5 days

Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.06 bp	7.0 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.80 bp	4.8 bp −$5	8.6 bp −$86	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 −0.0201% / S +0.0372%	1h	806.68	+0.102%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.83	+0.120%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.25	+0.172%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.00	+0.141%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.95	+0.135%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.75	+0.111%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	+0.087%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	806.34	+0.060%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.90	+0.005%	$139.6M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.68	+0.102%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi BNB/USDT-P	+0.0096%	1h	807.09	+0.153%	$72K	$48K	12x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.040%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.25	+0.048%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.62	+0.094%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.10	+0.030%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.90	+0.129%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.20	+0.042%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.19	+0.041%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	805.86	long leg	$78.8M	$25.0M	75x
edgeX BNBUSDC	+0.0100%	4h	807.43	+0.195%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	807.11	+0.155%	$162K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.62	+0.094%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.68	+0.102%	$390K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.94	+0.134%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	807.39	+0.190%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.40	+0.067%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.10	+0.154%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	806.18	+0.039%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.52	+0.082%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	806.81	+0.118%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0121%	8h	807.40	+0.191%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0122%	8h	806.92	+0.131%	$520.9M	$804.0M	75x	as long as short
Phemex BNBUSDT	+0.0135%	8h	807.03	+0.145%	$70.4M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.166%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0184%	1h	806.60	+0.092%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0193%	1h	806.57	+0.088%	$163K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.38	+0.064%	$2.5M	$929K	50x	as long as short
Hyperliquid BNB	+0.0226%	1h	807.18	+0.164%	$52.0M	$21.8M	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	806.92	+0.132%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.223%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.89	+0.128%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.096%	$19K	$789K	30x	as long as short
RISEx BNB/USDCshort	+0.0318%	1h	806.79	+0.116%	$1.1M	$1.4M	20x
Reya BNBRUSDPERP	+0.0333%	1h	806.33	+0.058%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0360%	1h	807.29	+0.177%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0695%	1h	807.41	+0.192%	$3.0M	$5.5M	40x	as long as short