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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 09:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.041%
Price spread now: OKX against RISEx−0.112%106s7-day average −0.024% · 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−$190.192% of the position
Long on RISExShort on OKX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.127%−$13 on $10k
Price spread, last 7 days+0.065%+$7 · spread now −0.112%, 7d avg −0.024%
Together, before fees−0.061%−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.088% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BNB/USDC788.380.0355pay 0.0044% / 1h1m 54s$1.1M$890K20x
ShortOKX BNB-USDT-SWAP787.500.0100get 0.0100% / 8h7h 01m$53.7M$107.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$53.45
Price spread: −0.112% → −0.024%
−$8.76
Slippage, 4 orders
−$3.15
Fee RISEx: 3 bp × 2 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Net
−$81.36
Costs to cover
0.192%
Break-even
never at this rate
Slippage from RISEx: live order book, 2 min ago; OKX: live order book, 2 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 ago0.76 bp3.8 bp −$48.6 bp −$86doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.63 bp6.0 bp −$67.6 bp −$7618.9 bp −$1,890doesn't fit

BNB on 45 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 −0.0166% / S +0.0336%1h787.31−0.136%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.40+0.003%$4K—25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h787.35−0.131%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp0.0000%8h788.32−0.008%$2.9M$26.5M10xas long as short
StandX BNB-USD0.0000%1h788.93+0.070%$851K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.41−0.123%$9.5M—150xas long as short
Aster BNBUSDT+0.0010%8h788.07−0.039%$6.0M$17.7M200xas long as short
BingX BNB-USDT+0.0023%8h787.90−0.061%—$22.2M—as long as short
Binance BNBUSDT+0.0029%8h788.23−0.019%$484.1M$798.1M75xas long as short
MEXC BNB_USDT+0.0029%8h789.50+0.142%$83.1M$12.5M200xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+2.120%$19K$789K30xas long as short
Phemex BNBUSDT+0.0083%8h788.02−0.046%$68.5M$51.4M50xas long as short
Lighter BNB+0.0096%1h787.53−0.108%$2.7M$3.7M20xas long as short
Nado BNB-PERP+0.0100%1h787.80−0.074%$1.4M$2.5M20xas long as short
Hyperliquid BNB+0.0100%1h788.14−0.030%$51.8M$17.3M10xas long as short
Pacifica BNB+0.0100%1h788.28−0.013%$1.2M$936K20xas long as short
Bybit BNBUSDT+0.0100%8h787.51−0.110%$138.8M$70.9M75xas long as short
OKX BNB-USDT-SWAPshort+0.0100%8h787.50−0.112%$53.7M$107.9M50x
Arcus BNB-USD+0.0100%1h788.10−0.036%$52K$124K10xas long as short
Gate BNB_USDT+0.0100%8h787.70−0.086%$39.9M$57.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.40−0.124%$27.9M$9.7M75xas long as short
Bitget BNBUSDT+0.0100%8h787.42−0.122%$75.7M$32.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.84−0.068%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.82−0.071%$4.3M$4.9M—as long as short
edgeX BNBUSDC+0.0100%4h788.37−0.001%$4.1M$77.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.39+0.001%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.58−0.101%$130K$917K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.47−0.115%$264K$304K50xas long as short
SunX BNB-USDT+0.0100%8h787.99−0.050%$12K$1.4M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50−0.112%$387K$939K10xas long as short
HTX BNB-USDT+0.0100%8h787.89−0.062%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.46+0.010%$88K$192K50xas long as short
Kalshi KXBNBPERP+0.0104%8h788.30−0.010%$161K$2.6M4.8xas long as short
Extended BNB-USD+0.0104%1h787.34−0.133%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h787.34−0.132%$378K$110K10xas long as short
BloFin BNB-USDT+0.0117%8h788.60+0.028%$17.6M$2.3M75xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h788.70+0.041%$551K$2.0M50xas long as short
Phoenix BNB+0.0120%1h788.52+0.018%$158K$38K10xas long as short
Bulk BNB-USD+0.0150%1h788.74+0.045%$639K$010xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.86−0.066%$1.5M$138K25xas long as short
01 Exchange BNBUSD+0.0224%1h788.17−0.027%$28K$3K10xas long as short
dYdX BNB-USD+0.0290%1h788.17−0.027%$158K$63K10xas long as short
Reya BNBRUSDPERP+0.0318%1h787.09−0.163%$6K$3K40xas long as short
RISEx BNB/USDClong+0.0355%1h788.38long leg$1.1M$890K20x
Hibachi BNB/USDT-P+0.0424%1h788.33−0.007%$67K$39K12xas long as short