BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.044%

Price spread now: Bulk against RISEx+0.212%7-day average +0.077% · 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−$3as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on RISEx Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.212%, 7d avg +0.077%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.135% dearer against RISEx than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of +0.077%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 3 days funding on this pair paid +0.123%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	805.95	0.0318	pay 0.0040% / 1h	36m 23s	$1.1M	$1.4M	20x
Short	Bulk BNB-USD	807.66	0.0295	get 0.0037% / 1h	36m 23s	$652K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.212%Rate

Funding earned: −$4.97
Price spread: +0.212% → +0.077%: $13.51
Slippage, 4 orders: −$3.72
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$8.18
Costs to cover: 0.167%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Bulk: live order book, 48 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, 2 min ago	1.80 bp	4.8 bp −$5	9.0 bp −$90	doesn't fit	doesn't fit
Sell Bulk live order book, 48 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	7.4 bp −$741	16.5 bp −$8,254

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	805.41	−0.067%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.40	+0.056%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.76	+0.100%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.80	+0.105%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.10	+0.018%	$871K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.48	−0.059%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	+0.075%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0058%	8h	805.62	−0.041%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.20	−0.093%	$139.5M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.15	+0.024%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.051%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.40	−0.069%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.96	+0.001%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.30	−0.081%	$55.0M	$115.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.018%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.35	−0.075%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.31	−0.080%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.20	−0.093%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.06	+0.138%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.65	+0.087%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.54	−0.051%	$116K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.53	−0.052%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.13	+0.021%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.51	+0.070%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.07	+0.014%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.34	+0.048%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.26	−0.085%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.07	+0.015%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	806.29	+0.042%	$6.4M	$18.8M	200x	as long as short
Hibachi BNB/USDT-P	+0.0112%	1h	806.23	+0.035%	$71K	$48K	12x	as long as short
MEXC BNB_USDT	+0.0122%	8h	806.50	+0.068%	$84.7M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	806.11	+0.020%	$520.4M	$804.2M	75x	as long as short
Phemex BNBUSDT	+0.0135%	8h	806.53	+0.072%	$70.4M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.155%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0180%	1h	806.10	+0.018%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0203%	1h	805.79	−0.020%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.91	−0.005%	$2.5M	$930K	50x	as long as short
Hyperliquid BNB	+0.0239%	1h	806.46	+0.063%	$52.2M	$21.9M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	806.57	+0.077%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USDshort	+0.0295%	1h	807.66	+0.212%	$652K	$14K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.39	+0.054%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.107%	$19K	$789K	30x	as long as short
RISEx BNB/USDClong	+0.0318%	1h	805.95	long leg	$1.1M	$1.4M	20x
Reya BNBRUSDPERP	+0.0333%	1h	805.13	−0.102%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	806.38	+0.053%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0691%	1h	807.09	+0.141%	$3.0M	$5.5M	40x	as long as short