Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0225%/8h= +24.6% APRpaid last 24h +0.043%

Price spread now: RISEx against GRVT+0.024%55s7-day average −0.094% · 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—prices read too far apart to compare

costs, in and out, $10k−$160.159% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.123%+$12 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.024%, 7d avg −0.094%

Together, before fees+0.107%+ Points / potential airdropGRVT: Active · farm board+$11 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 0.118% dearer against GRVT than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.094%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BNB_USDT_Perp	789.15	0.0136	pay 0.0136% / 8h	5h 36m	$2.9M	$28.2M	10x
Short	RISEx BNB/USDC	789.34	0.0361	get 0.0045% / 1h	36m 12s	$1.1M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GRVT. 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 GRVTbpFee RISExbpOrdersPrice spread, now +0.024%Rate

Funding earned: $47.2
Price spread: +0.024% → −0.094%: $11.81
Slippage, 4 orders: −$0.9
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $43.11
Costs to cover: 0.159%
Break-even: 0.6 days

Slippage from GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.06 bp	4.6 bp −$5	5.7 bp −$57	20.5 bp −$2,047	doesn't fit
Sell RISEx live order book, 2 min ago	0.32 bp	3.3 bp −$3	7.1 bp −$71	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	788.87	−0.036%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.96	−0.024%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.27	+0.015%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.92	−0.029%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.020%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.61	+0.058%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	−0.008%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0058%	8h	789.08	−0.009%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0069%	8h	789.43	+0.035%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	790.10	+0.120%	$80.3M	$12.4M	200x	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	789.85	+0.089%	$493.8M	$804.8M	75x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.197%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.97	−0.023%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.45	+0.038%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.08	−0.009%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.051%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.43	+0.035%	$51.7M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.26	+0.014%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.006%	$138.8M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.10	−0.006%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	+0.006%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.90	−0.032%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.70	−0.057%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.89	−0.033%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.20	+0.006%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.073%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.03	−0.015%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.88	−0.034%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.31	+0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.65	+0.063%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.67	−0.061%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.66	+0.064%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.79	−0.046%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.12	−0.004%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.066%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perplong	+0.0136%	8h	789.15	long leg	$2.9M	$28.2M	10x
SoDEX BNB-USD	+0.0136%	1h	789.20	+0.006%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	789.60	+0.057%	$94K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	789.53	+0.048%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0236%	1h	788.84	−0.039%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	789.53	+0.048%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.52	+0.046%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.070%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0361%	1h	789.34	+0.024%	$1.1M	$1.0M	20x
Bulk BNB-USD	+0.0373%	1h	788.05	−0.139%	$638K	$13K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.80	−0.044%	$67K	$38K	12x	as long as short