BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.018%

Price spread now: RISEx against Polymarket Perps+0.091%7-day average +0.022% · 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−$13as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.091%, 7d avg +0.022%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.069% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.022%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.111% in total (about 11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	789.62	0.0100	pay 0.0013% / 1h	43m 23s	$133K	$950K	10x
Short	RISEx BNB/USDC	790.34	0.0461	get 0.0058% / 1h	43m 23s	$1.1M	$975K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket Perps. 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 Polymarket PerpsbpFee RISExbpOrdersPrice spread, now +0.091%Rate

Funding earned: $75.73
Price spread: +0.091% → +0.022%: $6.88
Slippage, 4 orders: −$5.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $63.01
Costs to cover: 0.196%
Break-even: 1.2 days

Slippage from Polymarket Perps: live order book, 15 min ago; RISEx: live order book, just now.

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 Polymarket Perps live order book, 15 min ago	1.58 bp	5.9 bp −$6	6.0 bp −$60	23.4 bp −$2,339	doesn't fit
Sell RISEx live order book, just now	0.32 bp	3.3 bp −$3	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 −0.0184% / S +0.0349%	1h	789.26	−0.045%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.43	+0.103%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.01	+0.049%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.29	−0.041%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.959%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	790.56	+0.119%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.58	−0.005%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.022%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	790.10	+0.061%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.72	+0.013%	$492.7M	$789.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	789.58	−0.005%	$69.1M	$50.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.05	−0.073%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.02	−0.076%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.65	+0.004%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.83	+0.027%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.28	+0.084%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.87	−0.095%	$138.7M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.70	−0.117%	$53.4M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.20	+0.073%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.35	−0.034%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.25	−0.047%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.81	−0.103%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.53	+0.115%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.141%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.10	−0.066%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.85	+0.029%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	789.62	long leg	$133K	$950K	10x
Derive BNB-PERP	+0.0100%	1h	789.00	−0.078%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.82	+0.026%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.10	−0.066%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.23	−0.050%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.73	+0.140%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.44	−0.149%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.91	−0.090%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.10	+0.061%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	789.81	+0.024%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.89	+0.035%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	790.30	+0.086%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	790.74	+0.142%	$18.1M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.30	−0.041%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	790.23	+0.077%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.68	−0.120%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.020%	$640K	$9K	10x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.90	−0.092%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0461%	1h	790.34	+0.091%	$1.1M	$975K	20x
Hibachi BNB/USDT-P	+0.0504%	1h	790.00	+0.049%	$67K	$38K	12x	as long as short