BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0357%/8h= −39.0% APRnext payment −$0.45 per $10,000 · paid last 24h −0.017%

Price spread now: Aevo against RISEx−0.028%7-day average −0.012% · 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−$37as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.028%, 7d avg −0.012%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.107% in total (about -10.9% 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	RISEx BNB/USDC	789.24	0.0461	pay 0.0058% / 1h	45m 48s	$1.1M	$975K	20x
Short	Aevo BNB-PERP	789.03	0.0104	get 0.0013% / 1h	45m 48s	$379K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. 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 RISExbpFee AevobpOrdersPrice spread, now −0.028%Rate

Funding earned: −$74.89
Price spread: −0.028% → −0.012%: −$1.56
Slippage, 4 orders: −$13.02
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$111.47
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Aevo: live order book, 13 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 RISEx live order book, 3 min ago	1.20 bp	4.2 bp −$4	8.0 bp −$80	doesn't fit	doesn't fit
Sell Aevo live order book, 13 min ago	2.84 bp	13.1 bp −$13	19.1 bp −$191	23.6 bp −$2,357	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 −0.0183% / S +0.0349%	1h	788.64	−0.076%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.19	−0.007%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.61	+0.046%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.70	−0.069%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.008%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.47	+0.029%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.07	−0.022%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.177%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.00	+0.096%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.67	+0.054%	$492.7M	$789.6M	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	+0.0072%	8h	789.71	+0.059%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.18	−0.008%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.98	−0.033%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.20	−0.132%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.42	+0.022%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.99	−0.032%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.80	−0.056%	$138.7M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−0.081%	$53.3M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.00	−0.031%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.90	−0.043%	$35.4M	$56.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.97	−0.035%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.60	−0.081%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.39	+0.019%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.094%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.39	+0.019%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.41	+0.021%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.72	−0.066%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.06	−0.024%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.44	+0.025%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	−0.005%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.84	−0.051%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.70	+0.058%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.65	−0.075%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	789.03	−0.028%	$379K	$110K	10x
dYdX BNB-USD	+0.0114%	1h	788.41	−0.106%	$159K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.31	+0.008%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0134%	8h	789.57	+0.041%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	789.20	−0.005%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.38	+0.017%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.37	+0.016%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.00	−0.031%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.304%	$641K	$9K	10x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.40	−0.107%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.48	+0.030%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDClong	+0.0461%	1h	789.24	long leg	$1.1M	$975K	20x
Hibachi BNB/USDT-P	+0.0528%	1h	788.77	−0.059%	$67K	$38K	12x	as long as short