Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.027%

Price spread now: Binance against RISEx+0.027%7-day average +0.083% · 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−$23as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.135%−$14 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.027%, 7d avg +0.083%

Together, before fees−0.125%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.056% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.135% in total (about -13.5% a year). A funding rate is set anew for every payment. 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	786.74	0.0432	pay 0.0054% / 1h	18m 08s	$1.1M	$901K	20x
Short	Binance BNBUSDT	786.95	0.0061	get 0.0061% / 8h	2h 18m	$490.2M	$812.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$77.92
Price spread: +0.027% → +0.083%: −$5.59
Slippage, 4 orders: −$1.34
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$100.85
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Binance: live order book, 11 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	0.57 bp	3.6 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.06 bp	5.1 bp −$5	5.9 bp −$59	10.1 bp −$1,012	23.8 bp −$11.9K

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 −0.0192% / S +0.0356%	1h	786.41	−0.042%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.19	+0.057%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.37	+0.080%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.53	−0.026%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.332%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	787.07	+0.042%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0042%	8h	786.49	−0.032%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0055%	8h	787.13	+0.050%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0060%	8h	787.30	+0.071%	$80.4M	$12.0M	200x	as long as short
Binance BNBUSDTshort	+0.0061%	8h	786.95	+0.027%	$490.2M	$812.2M	75x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.55	−0.024%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.113%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.81	+0.008%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.63	−0.014%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.35	−0.050%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.05	+0.039%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.79	+0.007%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.30	−0.056%	$138.1M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.20	−0.069%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.005%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.50	−0.031%	$36.6M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.35	−0.050%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.18	−0.071%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.85	+0.014%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.81	−0.118%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.59	−0.020%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.196%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.46	−0.036%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.81	+0.009%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.99	+0.032%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.31	−0.055%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.83	+0.012%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.25	−0.062%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.14	+0.050%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.052%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0128%	1h	786.70	−0.005%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0142%	8h	786.80	+0.008%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0161%	1h	786.37	−0.047%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	787.41	+0.085%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.199%	$2.9M	$29.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.09	+0.045%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.16	+0.053%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.31	−0.055%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.171%	$637K	$4K	10x	as long as short
RISEx BNB/USDClong	+0.0432%	1h	786.74	long leg	$1.1M	$901K	20x
Hibachi BNB/USDT-P	+0.0528%	1h	786.48	−0.033%	$67K	$39K	12x	as long as short