Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.013%

Price spread now: RISEx against edgeX+0.082%7-day average −0.048% · 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−$8as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.082%, 7d avg −0.048%

Together, before fees+0.015%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.130% dearer against edgeX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	790.40	0.0100	pay 0.0050% / 4h	1h 31m	$4.1M	$76.7M	30x
Short	RISEx BNB/USDC	791.04	0.0361	get 0.0045% / 1h	31m 40s	$1.1M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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 edgeXbpFee RISExbpOrdersPrice spread, now +0.082%Rate

Funding earned: $54.76
Price spread: +0.082% → −0.048%: $13.01
Slippage, 4 orders: −$6.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $46.57
Costs to cover: 0.212%
Break-even: 1.0 days

Slippage from edgeX: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 2 min ago	2.53 bp	7.0 bp −$7	7.0 bp −$70	10.3 bp −$1,029	doesn't fit
Sell RISEx live order book, 2 min ago	0.57 bp	3.6 bp −$4	7.6 bp −$76	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 −0.0167% / S +0.0335%	1h	790.04	−0.046%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.79	+0.050%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.72	+0.041%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.07	−0.041%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.859%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.19	+0.100%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.79	−0.077%	$617K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0059%	8h	790.74	+0.044%	—	$34.3M	—	as long as short
MEXC BNB_USDT	+0.0075%	8h	791.50	+0.140%	$80.4M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0075%	8h	790.71	+0.040%	$69.2M	$51.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	791.53	+0.143%	$494.9M	$803.6M	75x	as long as short
Variational Omni BNB	+0.0091%	8h	788.80	−0.202%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.97	−0.053%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	790.65	+0.033%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.14	−0.032%	$266K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.75	+0.045%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.05	+0.083%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.69	+0.037%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.75	+0.045%	$139.1M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.70	+0.038%	$53.6M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.90	+0.064%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.45	+0.007%	$35.4M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.28	−0.015%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.44	+0.006%	$77.0M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.44	+0.006%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	790.40	long leg	$4.1M	$76.7M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	790.01	−0.049%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.09	−0.039%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.34	−0.008%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.79	+0.050%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.37	−0.130%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	791.21	+0.103%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.32	−0.009%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.15	−0.032%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	−0.026%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0135%	1h	790.20	−0.025%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0140%	8h	790.55	+0.019%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0193%	8h	790.40	+0.001%	$92K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	790.51	+0.014%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0232%	1h	790.32	−0.009%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	791.37	+0.123%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.61	+0.027%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.99	−0.051%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0361%	1h	791.04	+0.082%	$1.1M	$1.0M	20x
Bulk BNB-USD	+0.0383%	1h	789.79	−0.077%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	790.32	−0.009%	$68K	$38K	12x	as long as short