Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.012%

Price spread now: Bitget against RISEx−0.056%7-day average −0.047% · 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−$22as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.107%−$11 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.056%, 7d avg −0.047%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	802.49	0.0258	pay 0.0032% / 1h	56m 03s	$1.1M	$1.4M	20x
Short	Bitget BNBUSDT	802.04	0.0100	get 0.0100% / 8h	56m 03s	$79.6M	$27.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$33.13
Price spread: −0.056% → −0.047%: −$0.85
Slippage, 4 orders: −$3.2
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.18
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Bitget: 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	0.81 bp	3.8 bp −$4	7.4 bp −$74	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.06 bp	6.1 bp −$6	7.9 bp −$79	19.1 bp −$1,914	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	802.44	−0.006%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.52	+0.004%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.51	+0.003%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.187%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.75	+0.033%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.48	0.000%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.305%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.62	+0.017%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	802.10	−0.048%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.220%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.95	+0.058%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.06	−0.053%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.42	−0.008%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.20	−0.036%	$54.8M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.70	+0.027%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.35	−0.017%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.38	−0.013%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	802.04	−0.056%	$79.6M	$27.4M	75x
edgeX BNBUSDC	+0.0100%	4h	801.60	−0.111%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.48	−0.125%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.36	−0.016%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.62	+0.017%	$388K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.76	+0.034%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.97	+0.060%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.22	−0.034%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.75	+0.033%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0102%	8h	803.23	+0.093%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.96	−0.065%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.77	+0.036%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	803.20	+0.089%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.50	+0.002%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0121%	8h	803.50	+0.126%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	803.18	+0.086%	$502.6M	$819.0M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.77	−0.214%	$172K	$34K	10x	as long as short
SoDEX BNB-USD	+0.0237%	1h	802.70	+0.027%	$395K	$1.0M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0241%	1h	803.10	+0.077%	$2.7M	$5.7M	40x	as long as short
BloFin BNB-USDT	+0.0242%	8h	802.83	+0.043%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.25	−0.029%	$71K	$48K	12x	as long as short
RISEx BNB/USDClong	+0.0258%	1h	802.49	long leg	$1.1M	$1.4M	20x
Bulk BNB-USD	+0.0289%	1h	801.15	−0.166%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.05	+0.070%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.324%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.99	−0.062%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0334%	1h	803.31	+0.103%	$52.0M	$21.6M	10x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.42	+0.116%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0510%	1h	802.23	−0.032%	$162K	$62K	10x	as long as short