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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.086%
Price spread now: RISEx against dYdX−0.006%7-day average +0.021% · 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−$55as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Long on dYdXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.274%−$27 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.006%, 7d avg +0.021%
Together, before fees−0.239%−$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.027% cheaper against dYdX than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.021%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.274%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD795.360.0078pay 0.0010% / 1h21m 53s$161K$63K10x
ShortRISEx BNB/USDC795.320.0131get 0.0016% / 1h21m 53s$1.1M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against dYdX. 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

Funding earned
$11.27
Price spread: −0.006% → +0.021%
−$2.7
Slippage, 4 orders
−$36.21
Fee dYdX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$43.64
Costs to cover
0.522%
Break-even
34.1 days
Slippage from dYdX: live order book, 47 min ago; RISEx: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 47 min ago14.44 bp19.5 bp −$1937.4 bp −$37483.1 bp −$8,309123.3 bp −$61.7K
Sell RISEx live order book, 2 min ago0.57 bp3.6 bp −$47.5 bp −$75doesn't fitdoesn't fit

BNB on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0167% / S +0.0335%1h794.86−0.064%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0131%1h794.59−0.098%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h795.41+0.006%$4K$23925xas long as short
StandX BNB-USD0.0000%1h795.71+0.044%$860K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h794.89−0.059%$9.7M—150xas long as short
Variational Omni BNB+0.0031%8h795.62+0.032%$4.1M$4.8M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.223%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h795.33−0.005%$6.1M$19.7M200xas long as short
Phemex BNBUSDT+0.0047%8h795.21−0.019%$69.6M$50.8M50xas long as short
BingX BNB-USDT+0.0050%8h794.68−0.086%—$34.9M—as long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BNB_USDT+0.0052%8h794.40−0.121%$35.4M$56.4M75xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h795.53+0.021%$610K$1.1M50xas long as short
MEXC BNB_USDT+0.0063%8h795.20−0.021%$82.5M$12.8M200xas long as short
Binance BNBUSDT+0.0063%8h794.93−0.054%$494.5M$810.1M75xas long as short
GRVT BNB_USDT_Perp+0.0068%8h796.16+0.100%$3.0M$28.5M10xas long as short
dYdX BNB-USDlong+0.0078%1h795.36long leg$161K$63K10x
Phoenix BNB+0.0088%1h795.80+0.055%$171K$36K10xas long as short
Lighter BNB+0.0096%1h794.84−0.066%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h794.81−0.070%$384K$409K50xas long as short
Nado BNB-PERP+0.0100%1h795.15−0.027%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h795.26−0.013%$52.1M$19.3M10xas long as short
Pacifica BNB+0.0100%1h795.41+0.006%$1.2M$925K20xas long as short
Bybit BNBUSDT+0.0100%8h794.50−0.109%$138.9M$75.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h794.30−0.134%$53.3M$110.3M50xas long as short
Arcus BNB-USD+0.0100%1h795.30−0.008%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h794.36−0.126%$27.7M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h794.47−0.112%$77.4M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h795.83+0.059%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h795.67+0.038%$160K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h794.99−0.047%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h795.07−0.037%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h795.64+0.035%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h794.90−0.058%$391K$997K10xas long as short
HTX BNB-USDT+0.0100%8h794.57−0.099%$8.2M$8.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h795.74+0.048%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h794.14−0.154%$1.7M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h794.92−0.055%$382K$110K10xas long as short
RISEx BNB/USDCshort+0.0131%1h795.32−0.006%$1.1M$1.1M20x
Kalshi KXBNBPERP+0.0155%8h795.20−0.021%$112K$2.7M4.8xas long as short
Bulk BNB-USD+0.0195%1h795.93+0.071%$644K$16K10xas long as short
01 Exchange BNBUSD+0.0256%1h795.39+0.003%$28K$2K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h795.38+0.002%$1.6M$160K25xas long as short
Reya BNBRUSDPERP+0.0329%1h794.75−0.077%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0383%1h795.41+0.006%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0536%1h795.40+0.004%$68K$38K12xas long as short