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 KuCoin+0.089%7-day average +0.018% · 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−$23as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.106%+$11 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.089%, 7d avg +0.018%

Together, before fees+0.069%+$7 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 0.071% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	788.96	0.0100	pay 0.0100% / 8h	5h 53m	$27.8M	$10.3M	75x
Short	RISEx BNB/USDC	789.66	0.0361	get 0.0045% / 1h	53m 37s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.089%Rate

Funding earned: $54.76
Price spread: +0.089% → +0.018%: $7.06
Slippage, 4 orders: −$12.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $31.27
Costs to cover: 0.306%
Break-even: 3.0 days

Slippage from KuCoin: 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 KuCoin live order book, 5 min ago	0.63 bp	9.6 bp −$10	20.5 bp −$205	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	2.47 bp	5.5 bp −$5	9.2 bp −$92	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 −0.0167% / S +0.0335%	1h	788.93	−0.004%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.63	−0.042%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.27	+0.039%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.12	+0.020%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.044%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	789.62	+0.083%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	+0.089%	$619K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.33	+0.047%	—	$34.5M	—	as long as short
Phemex BNBUSDT	+0.0066%	8h	789.75	+0.100%	$69.1M	$50.9M	50x	as long as short
Variational Omni BNB	+0.0066%	8h	789.32	+0.046%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	789.90	+0.119%	$80.5M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0070%	8h	789.93	+0.123%	$494.2M	$808.6M	75x	as long as short
Gate BNB_USDT	+0.0080%	8h	789.15	+0.024%	$35.4M	$56.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.07	+0.014%	$170K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.29	+0.042%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.21	+0.031%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.33	+0.047%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.90	−0.008%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.60	+0.081%	$51.8M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.34	+0.048%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	+0.030%	$138.7M	$77.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	+0.030%	$53.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	+0.068%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	788.96	long leg	$27.8M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	788.96	0.000%	$77.0M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.51	+0.070%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.90	−0.007%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.22	−0.094%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.60	−0.046%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.57	+0.077%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.77	−0.024%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.35	+0.050%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	789.99	+0.131%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.91	−0.006%	$1.8M	$5.9M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0104%	8h	788.27	−0.087%	$2.9M	$27.9M	10x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.43	+0.059%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0142%	1h	789.50	+0.068%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	788.90	−0.008%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0222%	1h	788.95	−0.002%	$160K	$64K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	789.99	+0.131%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.046%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	+0.055%	$639K	$13K	10x	as long as short
RISEx BNB/USDCshort	+0.0361%	1h	789.66	+0.089%	$1.1M	$1.1M	20x
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.92	+0.121%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	789.41	+0.057%	$67K	$39K	12x	as long as short