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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.046%
Price spread now: Hyperliquid against RISEx+0.009%50s7-day average +0.018% · 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—prices read too far apart to compare
costs, in and out, $10k−$200.201% of the position
Long on RISExShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.046%−$5 on $10k
Price spread, last 7 days−0.038%−$4 · spread now +0.009%, 7d avg +0.018%
Together, before fees−0.084%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BNB/USDC802.990.0209pay 0.0026% / 1h51m 44s$1.1M$1.4M20x
ShortHyperliquid BNB803.060.0173get 0.0022% / 1h51m 44s$51.6M$21.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
−$7.55
Price spread: +0.009% → +0.018%
−$0.95
Slippage, 4 orders
−$5.06
Fee RISEx: 3 bp × 2 orders
−$6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$28.57
Costs to cover
0.201%
Break-even
never at this rate
Slippage from RISEx: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 2 min ago1.49 bp5.0 bp −$59.3 bp −$93doesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.12 bp4.7 bp −$57.2 bp −$72doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h802.89−0.013%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h803.42+0.054%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.43+0.179%$3.0M$30.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.40+0.051%$110K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.116%$869K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.84−0.018%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h802.81−0.022%$2.5M$919K50xas long as short
Variational Omni BNB+0.0068%8h803.35+0.044%$4.1M$5.3M—as long as short
Aster BNBUSDT+0.0087%8h803.15+0.020%$6.4M$18.9M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.125%$608K$899K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.79−0.024%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.35−0.080%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h802.990.000%$1.2M$923K20xas long as short
Bybit BNBUSDT+0.0100%8h802.10−0.111%$138.9M$83.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.30−0.086%$54.9M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h802.90−0.011%$52K$191K10xas long as short
Gate BNB_USDT+0.0100%8h802.25−0.092%$35.9M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.30−0.086%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h801.89−0.137%$78.9M$24.6M75xas long as short
edgeX BNBUSDC+0.0100%4h804.47+0.184%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.95+0.120%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.66−0.041%$118K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.74−0.031%$388K$595K50xas long as short
Derive BNB-PERP+0.0100%1h802.95−0.005%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.38+0.048%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h803.30+0.038%$1.6M$162K25xas long as short
HTX BNB-USDT+0.0100%8h802.92−0.009%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.36+0.046%$78K$19K50xas long as short
MEXC BNB_USDT+0.0102%8h803.50+0.064%$84.3M$13.5M200xas long as short
BingX BNB-USDC+0.0102%8h803.12+0.016%—$13.3M—as long as short
Binance BNBUSDT+0.0102%8h802.990.000%$518.0M$807.5M75xas long as short
Extended BNB-USD+0.0104%1h802.07−0.114%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h802.68−0.039%$386K$40K10xas long as short
SoDEX BNB-USD+0.0106%1h802.80−0.024%$395K$1.0M10xas long as short
Phemex BNBUSDT+0.0123%8h803.35+0.045%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h805.11+0.264%$173K$35K10xas long as short
Bulk BNB-USD+0.0140%1h805.09+0.261%$650K$11K10xas long as short
Hyperliquid BNBshort+0.0173%1h803.06+0.009%$51.6M$21.3M10x
dYdX BNB-USD+0.0192%1h803.01+0.003%$170K$55K10xas long as short
RISEx BNB/USDClong+0.0209%1h802.99long leg$1.1M$1.4M20x
BloFin BNB-USDT+0.0222%8h803.74+0.094%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.57+0.073%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0335%1h802.48−0.064%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h803.51+0.065%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.240%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0666%1h803.66+0.084%$3.0M$5.3M40xas long as short