Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.004%

Price spread now: RISEx against MEXC−0.123%7-day average −0.192% · 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−$9as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 7 days−0.070%−$7 · spread now −0.123%, 7d avg −0.192%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.068% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	799.10	0.0112	pay 0.0112% / 8h	25m 25s	$83.0M	$13.5M	200x
Short	RISEx BNB/USDC	798.11	0.0258	get 0.0032% / 1h	25m 25s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now −0.123%Rate

Funding earned: $30.61
Price spread: −0.123% → −0.192%: $6.82
Slippage, 4 orders: −$6.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $21.12
Costs to cover: 0.163%
Break-even: 2.2 days

Slippage from MEXC: live order book, 4 min ago; RISEx: live order book, 3 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 MEXC live order book, 4 min ago	0.63 bp	2.6 bp −$3	5.3 bp −$53	22.4 bp −$2,237	39.3 bp −$19.6K
Sell RISEx live order book, 3 min ago	1.31 bp	4.3 bp −$4	7.0 bp −$70	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 −0.0201% / S +0.0372%	1h	798.20	−0.112%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.39	−0.089%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.76	−0.167%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.10	0.000%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.15	+0.006%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.20	−0.113%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0013%	8h	798.06	−0.130%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0038%	8h	798.19	−0.114%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0044%	8h	797.90	−0.150%	$138.4M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.099%	$606K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0090%	8h	798.52	−0.073%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.35	−0.094%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.70	−0.175%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.28	−0.103%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.90	−0.150%	$54.2M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.30	−0.100%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.95	−0.144%	$35.7M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.95	−0.144%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.73	−0.171%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.89	+0.099%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.17	+0.134%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.86	−0.155%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.23	−0.109%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.01	−0.136%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.92	−0.023%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.125%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.32	−0.098%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.52	−0.073%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.48	−0.078%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.59	−0.189%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.54	−0.070%	$384K	$40K	10x	as long as short
Binance BNBUSDT	+0.0112%	8h	798.65	−0.056%	$498.7M	$817.2M	75x	as long as short
MEXC BNB_USDTlong	+0.0112%	8h	799.10	long leg	$83.0M	$13.5M	200x
Phemex BNBUSDT	+0.0112%	8h	798.48	−0.078%	$69.8M	$50.5M	50x	as long as short
Kalshi KXBNBPERP	+0.0122%	8h	799.70	+0.075%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.128%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	798.45	−0.082%	$70K	$43K	12x	as long as short
Hyperliquid BNB	+0.0185%	1h	798.68	−0.053%	$52.1M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0233%	8h	799.57	+0.059%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.117%	$650K	$19K	10x	as long as short
RISEx BNB/USDCshort	+0.0258%	1h	798.11	−0.123%	$1.1M	$1.4M	20x
01 Exchange BNBUSD	+0.0296%	1h	798.57	−0.066%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.750%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.62	−0.185%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0381%	1h	798.50	−0.075%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0402%	1h	798.75	−0.044%	$2.7M	$5.7M	40x	as long as short