BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.023%

Price spread now: Backpack against RISEx+0.135%7-day average +0.122% · 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−$16as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on RISEx Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 7 days−0.348%−$35 · spread now +0.135%, 7d avg +0.122%

Together, before fees−0.413%−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.122%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	798.28	0.0258	pay 0.0032% / 1h	7m 57s	$1.1M	$1.4M	20x
Short	Backpack BNB_USDC_PERP	799.36	0.0343	get 0.0043% / 1h	7m 57s	$2.7M	$5.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.135%Rate

Funding earned: $17.9
Price spread: +0.135% → +0.122%: $1.3
Slippage, 4 orders: −$1.74
Fee RISEx: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $1.47
Costs to cover: 0.177%
Break-even: 6.4 days

Slippage from RISEx: live order book, 1 min ago; Backpack: live order book, 1 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, 1 min ago	0.31 bp	3.3 bp −$3	6.9 bp −$69	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.06 bp	6.1 bp −$6	9.1 bp −$91	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	798.59	+0.039%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.54	+0.033%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.47	+0.024%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.45	+0.021%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.90	+0.078%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.56	+0.036%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.53	−0.093%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0033%	8h	798.59	+0.039%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0037%	8h	798.30	+0.003%	$138.5M	$76.8M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.14	−0.018%	$601K	$984K	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	+0.0081%	8h	798.95	+0.084%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.80	+0.065%	$2.8M	$4.1M	20x	as long as short
Phemex BNBUSDT	+0.0097%	8h	799.03	+0.094%	$69.9M	$50.6M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.15	−0.016%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.40	+0.015%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.40	+0.015%	$54.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	+0.028%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.25	−0.004%	$35.7M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.48	+0.025%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.29	+0.001%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.97	+0.086%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.19	+0.114%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.38	+0.013%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.41	+0.016%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.67	+0.048%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.08	+0.100%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.80	+0.065%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.97	+0.086%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.43	+0.019%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.79	+0.064%	$78K	$19K	50x	as long as short
Binance BNBUSDT	+0.0101%	8h	799.10	+0.103%	$497.7M	$817.8M	75x	as long as short
MEXC BNB_USDT	+0.0102%	8h	799.20	+0.115%	$83.0M	$13.6M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	798.14	−0.017%	$1.7M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.73	+0.057%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.20	+0.115%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0145%	8h	799.00	+0.090%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	798.58	+0.037%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	+0.068%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0223%	8h	798.84	+0.070%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0235%	1h	799.40	+0.140%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDClong	+0.0258%	1h	798.28	long leg	$1.1M	$1.4M	20x
01 Exchange BNBUSD	+0.0272%	1h	799.01	+0.091%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.853%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.11	−0.022%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0338%	1h	798.04	−0.031%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERPshort	+0.0343%	1h	799.36	+0.135%	$2.7M	$5.7M	40x