Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.041%

Price spread now: RISEx against HTX+0.029%82s7-day average +0.035% · 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−$250.255% of the position

Long on HTX 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 4 days (all we have)+0.337%+$34 · spread now +0.029%, 7d avg +0.035%

Together, before fees+0.460%+$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 82 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	HTX BNB-USDT	788.71	0.0100	pay 0.0100% / 8h	7h 13m	$8.1M	$10.3M	75x
Short	RISEx BNB/USDC	788.94	0.0355	get 0.0044% / 1h	13m 49s	$1.1M	$885K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against HTX. 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 HTXbpFee RISExbpOrdersPrice spread, now +0.029%Rate

Funding earned: $53.45
Price spread: +0.029% → +0.035%: −$0.56
Slippage, 4 orders: −$7.45
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $27.44
Costs to cover: 0.255%
Break-even: 3.4 days

Slippage from HTX: live order book, 5 min ago; RISEx: live order book, 5 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 HTX live order book, 5 min ago	1.14 bp	8.1 bp −$8	10.8 bp −$108	39.1 bp −$3,910	doesn't fit
Sell RISEx live order book, 5 min ago	0.51 bp	3.5 bp −$4	7.6 bp −$76	doesn't fit	doesn't fit

BNB on 45 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 −0.0166% / S +0.0336%	1h	788.18	−0.067%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.10	+0.049%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	788.50	−0.027%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.88	−0.105%	$3.0M	$27.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	789.37	+0.084%	$851K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.42	−0.037%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0016%	8h	788.45	−0.033%	$6.0M	$18.0M	200x	as long as short
BingX BNB-USDC	+0.0028%	8h	788.49	−0.028%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0033%	8h	789.60	+0.113%	$82.9M	$12.4M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.077%	$19K	$789K	30x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0034%	8h	788.23	−0.061%	$488.5M	$798.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.94	−0.097%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.85	+0.018%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.62	−0.011%	$51.8M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.26	+0.069%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.71	−0.127%	$138.9M	$71.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.80	−0.115%	$53.6M	$108.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.10	+0.049%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.05	−0.084%	$39.8M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.08	−0.080%	$27.9M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.57	−0.145%	$75.7M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.83	+0.015%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.74	+0.003%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.06	−0.082%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.17	−0.068%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.76	+0.006%	$130K	$919K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.68	−0.004%	$265K	$357K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.08	+0.047%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.80	+0.011%	$388K	$940K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	788.71	long leg	$8.1M	$10.3M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	789.39	+0.086%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.54	−0.148%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.56	−0.018%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0108%	8h	789.50	+0.100%	$159K	$2.6M	4.8x	as long as short
Phemex BNBUSDT	+0.0120%	8h	788.89	+0.023%	$68.7M	$51.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.70	−0.001%	$551K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	788.45	−0.033%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0136%	8h	789.22	+0.065%	$17.8M	$2.3M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	−0.057%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.03	+0.041%	$1.5M	$141K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	788.89	+0.022%	$158K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.36	+0.082%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	788.22	−0.063%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0355%	1h	788.94	+0.029%	$1.1M	$885K	20x
Hibachi BNB/USDT-P	+0.0416%	1h	788.77	+0.007%	$68K	$39K	12x	as long as short