Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h −0.034%

Price spread now: RISEx against BloFin−0.111%7-day average −0.065% · 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−$24as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.111%, 7d avg −0.065%

Together, before fees+0.165%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.046% cheaper against BloFin than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.065%). If the spread goes back, that is −$5 on $10k: about 46 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.010% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	803.07	0.0239	pay 0.0239% / 8h	1h 20m	$18.3M	$2.6M	75x
Short	RISEx BNB/USDC	802.18	0.0318	get 0.0040% / 1h	20m 09s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now −0.111%Rate

Funding earned: $16.69
Price spread: −0.111% → −0.065%: −$4.56
Slippage, 4 orders: −$1.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$7.24
Costs to cover: 0.194%
Break-even: 10.0 days

Slippage from BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.06 bp	6.1 bp −$6	6.9 bp −$69	14.1 bp −$1,415	doesn't fit
Sell RISEx live order book, 4 min ago	0.50 bp	3.5 bp −$3	8.4 bp −$84	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	801.80	−0.159%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.44	−0.078%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.96	−0.138%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.90	−0.021%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.86	−0.026%	$868K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.84	−0.154%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0038%	8h	801.85	−0.152%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0062%	8h	801.77	−0.162%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0074%	8h	801.20	−0.233%	$139.5M	$82.3M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.96	−0.139%	$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
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.237%	$610K	$1.0M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.75	−0.165%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.28	−0.098%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.40	−0.208%	$54.7M	$116.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.40	−0.083%	$53K	$154K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.35	−0.214%	$35.8M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.68	−0.173%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.37	−0.212%	$81.0M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.76	−0.163%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.51	−0.194%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.76	−0.163%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.51	−0.194%	$387K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.78	−0.161%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.65	−0.052%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.86	−0.150%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.81	−0.032%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	802.28	−0.098%	$6.3M	$19.1M	200x	as long as short
SoDEX BNB-USD	+0.0103%	1h	801.70	−0.171%	$394K	$1.0M	10x	as long as short
Extended BNB-USD	+0.0104%	1h	801.10	−0.246%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.66	−0.176%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	802.60	−0.059%	$83.5M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	802.21	−0.107%	$504.1M	$826.8M	75x	as long as short
Phemex BNBUSDT	+0.0121%	8h	802.14	−0.116%	$70.1M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	802.83	−0.030%	$173K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	802.63	−0.055%	$71K	$48K	12x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	801.58	−0.185%	$2.6M	$977K	50x	as long as short
BloFin BNB-USDTlong	+0.0239%	8h	803.07	long leg	$18.3M	$2.6M	75x
dYdX BNB-USD	+0.0264%	1h	801.96	−0.139%	$162K	$62K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	802.11	−0.119%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0308%	1h	802.50	−0.070%	$51.9M	$21.9M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.252%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	−0.047%	$652K	$21K	10x	as long as short
RISEx BNB/USDCshort	+0.0318%	1h	802.18	−0.111%	$1.1M	$1.4M	20x
01 Exchange BNBUSD	+0.0328%	1h	802.70	−0.046%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.46	−0.200%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0609%	1h	802.37	−0.087%	$2.7M	$5.7M	40x	as long as short