Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.068%

Price spread now: GRVT against RISEx−0.144%55s7-day average +0.096% · 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—prices read too far apart to compare

costs, in and out, $10k−$180.182% of the position

Long on RISEx Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.150%−$15 on $10k

Price spread, last 7 days+0.166%+$17 · spread now −0.144%, 7d avg +0.096%

Together, before fees+0.016%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GRVT is 0.240% cheaper against RISEx than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.096%). 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	786.70	0.0355	pay 0.0044% / 1h	56m 35s	$1.1M	$911K	20x
Short	GRVT BNB_USDT_Perp	785.57	0.0185	get 0.0185% / 8h	7h 56m	$2.9M	$27.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$35.6
Price spread: −0.144% → +0.096%: −$23.96
Slippage, 4 orders: −$3.17
Fee RISEx: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$77.72
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; GRVT: 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, 2 min ago	1.27 bp	4.3 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	0.06 bp	4.6 bp −$5	6.0 bp −$60	20.7 bp −$2,073	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 −0.0168% / S +0.0337%	1h	786.14	−0.071%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.77	−0.119%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	786.23	−0.060%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	786.69	−0.002%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.19	−0.065%	$9.5M	—	150x	as long as short
dYdX BNB-USD	+0.0008%	1h	786.34	−0.046%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0024%	8h	786.84	+0.018%	$68.6M	$51.1M	50x	as long as short
Aster BNBUSDT	+0.0030%	8h	787.01	+0.039%	$6.0M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.337%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0038%	8h	786.17	−0.068%	—	$13.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0045%	8h	787.70	+0.127%	$81.3M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	786.90	+0.025%	$489.4M	$813.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	786.56	−0.018%	$2.7M	$3.6M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	−0.132%	$158K	$38K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.051%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.94	+0.030%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.65	−0.007%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.23	−0.060%	$138.5M	$73.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.20	−0.064%	$53.5M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.50	−0.026%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.45	−0.032%	$38.7M	$55.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.11	−0.075%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.95	−0.096%	$75.4M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.68	−0.003%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.64	−0.262%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.31	−0.177%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	−0.163%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.21	−0.063%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.37	−0.042%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.49	−0.026%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.81	+0.014%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.40	−0.038%	$387K	$954K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.12	−0.074%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.85	+0.019%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.00	−0.090%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.31	−0.050%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0106%	8h	786.90	+0.025%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.84	−0.110%	$547K	$1.9M	50x	as long as short
BloFin BNB-USDT	+0.0166%	8h	786.83	+0.016%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perpshort	+0.0185%	8h	785.57	−0.144%	$2.9M	$27.5M	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.75	+0.007%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.108%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	787.01	+0.039%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	785.82	−0.112%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0355%	1h	786.70	long leg	$1.1M	$911K	20x
Hibachi BNB/USDT-P	+0.0432%	1h	785.19	−0.192%	$67K	$39K	12x	as long as short