Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.027%

Price spread now: RISEx against Bybit+0.047%7-day average +0.032% · 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−$21as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.156%+$16 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.047%, 7d avg +0.032%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	789.80	0.0100	pay 0.0100% / 8h	4h 44m	$138.9M	$74.8M	75x
Short	RISEx BNB/USDC	790.17	0.0461	get 0.0058% / 1h	44m 22s	$1.1M	$975K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now +0.047%Rate

Funding earned: $75.73
Price spread: +0.047% → +0.032%: $1.59
Slippage, 4 orders: −$5.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $54.93
Costs to cover: 0.224%
Break-even: 1.9 days

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.63 bp	7.1 bp −$7	9.2 bp −$92	25.8 bp −$2,581	164.1 bp −$82.1K
Sell RISEx live order book, 4 min ago	1.20 bp	4.2 bp −$4	7.2 bp −$72	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 −0.0184% / S +0.0349%	1h	789.94	+0.017%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.65	−0.019%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.01	+0.027%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.99	+0.025%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.936%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	790.49	+0.087%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	789.27	−0.067%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.106%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.70	+0.114%	$80.3M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	790.66	+0.109%	$493.3M	$789.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	789.80	0.000%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.77	−0.004%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.12	+0.041%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.00	−0.101%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.47	+0.085%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.81	+0.001%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	789.80	long leg	$138.9M	$74.8M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	789.70	−0.013%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.00	+0.025%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.85	+0.006%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.89	+0.011%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.77	−0.004%	$76.5M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.70	−0.013%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.164%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.10	−0.089%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.58	−0.028%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.76	−0.005%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.18	+0.049%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.88	+0.010%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.30	−0.063%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.84	−0.121%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.26	+0.058%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.41	−0.049%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.12	+0.041%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.31	−0.062%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	789.05	−0.095%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0134%	8h	789.57	−0.029%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	789.60	−0.025%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.81	+0.001%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	790.45	+0.082%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.05	−0.094%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	−0.003%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.74	−0.008%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.59	−0.027%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0461%	1h	790.17	+0.047%	$1.1M	$975K	20x
Hibachi BNB/USDT-P	+0.0504%	1h	789.22	−0.073%	$67K	$38K	12x	as long as short