Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h −0.012%

Price spread now: MEXC against RISEx+0.041%7-day average +0.190% · 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−$29as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.119%−$12 on $10k

Price spread, last 7 days+0.150%+$15 · spread now +0.041%, 7d avg +0.190%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.149% cheaper against RISEx than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.190%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	790.48	0.0131	pay 0.0016% / 1h	3m 45s	$1.1M	$1.1M	20x
Short	MEXC BNB_USDT	790.80	0.0065	get 0.0065% / 8h	6h 03m	$80.5M	$13.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$13.93
Price spread: +0.041% → +0.190%: −$14.88
Slippage, 4 orders: −$4.31
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$43.12
Costs to cover: 0.143%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	0.25 bp	3.3 bp −$3	5.9 bp −$59	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.90 bp	3.9 bp −$4	5.8 bp −$58	14.6 bp −$1,463	29.6 bp −$14.8K

BNB on 45 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 −0.0167% / S +0.0335%	1h	789.75	−0.092%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.66	−0.103%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.04	−0.055%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.26	−0.027%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.86	−0.078%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.849%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	790.63	+0.020%	$6.2M	$19.2M	200x	as long as short
BingX BNB-USDT	+0.0051%	8h	790.08	−0.050%	—	$34.7M	—	as long as short
Variational Omni BNB	+0.0055%	8h	789.21	−0.160%	$4.1M	$4.8M	—	as long as short
Phemex BNBUSDT	+0.0056%	8h	790.36	−0.015%	$69.1M	$50.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	−0.209%	$619K	$1.8M	50x	as long as short
Gate BNB_USDT	+0.0064%	8h	789.85	−0.079%	$35.2M	$57.9M	75x	as long as short
MEXC BNB_USDTshort	+0.0065%	8h	790.80	+0.041%	$80.5M	$13.2M	200x
Binance BNBUSDT	+0.0067%	8h	790.34	−0.017%	$494.7M	$817.0M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0084%	8h	788.67	−0.229%	$2.9M	$28.5M	10x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	−0.132%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	790.01	−0.059%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.75	−0.092%	$382K	$392K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.45	−0.130%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.55	+0.009%	$51.8M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.94	−0.068%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.70	−0.098%	$139.0M	$79.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.60	−0.111%	$53.4M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.40	−0.009%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.81	−0.084%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.84	−0.080%	$77.5M	$30.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.48	−0.126%	$4.1M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.73	−0.094%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.00	−0.060%	$138K	$947K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.86	−0.078%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.58	+0.013%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.15	−0.041%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.65	+0.022%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.67	−0.102%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.81	−0.085%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0109%	1h	789.56	−0.116%	$160K	$64K	10x	as long as short
SoDEX BNB-USD	+0.0110%	1h	789.80	−0.085%	$388K	$1.0M	10x	as long as short
RISEx BNB/USDClong	+0.0131%	1h	790.48	long leg	$1.1M	$1.1M	20x
Kalshi KXBNBPERP	+0.0174%	8h	790.30	−0.022%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.82	+0.044%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	−0.085%	$640K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.22	−0.033%	$1.5M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.90	−0.073%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0389%	1h	790.41	−0.008%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	789.78	−0.088%	$68K	$39K	12x	as long as short