Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.001%

Price spread now: Aster against RISEx+0.040%55s7-day average +0.084% · 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−$180.184% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.116%−$12 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.040%, 7d avg +0.084%

Together, before fees−0.093%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.044% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.084%). Swap the legs. The two prices were read 55 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	RISEx BNB/USDC	803.47	0.0209	pay 0.0026% / 1h	35m 41s	$1.1M	$1.4M	20x
Short	Aster BNBUSDT	803.79	0.0087	get 0.0087% / 8h	2h 35m	$6.4M	$18.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$25.5
Price spread: +0.040% → +0.084%: −$4.39
Slippage, 4 orders: −$4.45
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.34
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Aster: 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 RISEx live order book, 3 min ago	1.62 bp	4.6 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.56 bp	4.7 bp −$5	6.6 bp −$66	19.6 bp −$1,964	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 −0.0195% / S +0.0371%	1h	802.98	−0.060%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.88	−0.073%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.28	−0.023%	$3.0M	$29.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.60	+0.016%	$111K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	+0.056%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.99	−0.060%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.13	−0.042%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0055%	8h	802.35	−0.139%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0062%	8h	803.30	−0.021%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	802.85	−0.077%	$139.2M	$82.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDTshort	+0.0087%	8h	803.79	+0.040%	$6.4M	$18.8M	200x
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.065%	$608K	$878K	50x	as long as short
Lighter BNB	+0.0096%	1h	803.41	−0.007%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.81	−0.082%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.56	+0.012%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.20	−0.033%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.70	+0.029%	$52K	$162K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.85	−0.077%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.08	−0.048%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.99	−0.059%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.02	−0.056%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.43	−0.005%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.05	−0.052%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.04	−0.053%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.09	−0.047%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.59	+0.015%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.49	+0.002%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.29	−0.022%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.04	+0.071%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	802.72	−0.093%	$1.9M	$6.1M	50x	as long as short
MEXC BNB_USDT	+0.0104%	8h	804.30	+0.104%	$84.3M	$13.6M	200x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.19	−0.034%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0105%	8h	804.01	+0.068%	$518.6M	$802.8M	75x	as long as short
Phemex BNBUSDT	+0.0125%	8h	803.65	+0.023%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.30	−0.021%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0129%	1h	803.10	−0.046%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0148%	1h	803.85	+0.048%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	+0.018%	$649K	$11K	10x	as long as short
RISEx BNB/USDClong	+0.0209%	1h	803.47	long leg	$1.1M	$1.4M	20x
BloFin BNB-USDT	+0.0223%	8h	804.26	+0.099%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.74	+0.033%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0267%	1h	803.57	+0.012%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.93	+0.058%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	802.82	−0.081%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.181%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0669%	1h	804.06	+0.074%	$3.0M	$5.4M	40x	as long as short