BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h −0.005%

Price spread now: Phoenix against RISEx−0.075%110s7-day average +0.065% · 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−$330.328% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.472%+$47 · spread now −0.075%, 7d avg +0.065%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.140% cheaper against RISEx than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.065%). Swap the legs. The two prices were read 110 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	795.75	0.0131	pay 0.0016% / 1h	25m 44s	$1.1M	$1.1M	20x
Short	Phoenix BNB	795.15	0.0088	get 0.0011% / 1h	25m 44s	$171K	$36K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$9.18
Price spread: −0.075% → +0.065%: −$13.98
Slippage, 4 orders: −$19.78
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$55.94
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Phoenix: live order book, 36 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, 3 min ago	0.94 bp	4.1 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit
Sell Phoenix live order book, 36 min ago	1.01 bp	12.4 bp −$12	43.2 bp −$432	doesn't fit	doesn't fit

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	795.70	−0.006%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.82	+0.008%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.89	+0.018%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	796.20	+0.057%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.69	−0.008%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	−0.016%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.174%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	795.84	+0.012%	$6.1M	$19.7M	200x	as long as short
Phemex BNBUSDT	+0.0040%	8h	796.38	+0.079%	$69.7M	$50.8M	50x	as long as short
Gate BNB_USDT	+0.0048%	8h	795.45	−0.038%	$35.4M	$56.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0050%	8h	795.51	−0.030%	—	$34.9M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.575%	$607K	$1.1M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0059%	8h	795.02	−0.092%	$3.0M	$28.4M	10x	as long as short
MEXC BNB_USDT	+0.0063%	8h	796.20	+0.057%	$82.6M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.84	+0.012%	$495.2M	$810.9M	75x	as long as short
dYdX BNB-USD	+0.0070%	1h	795.36	−0.048%	$161K	$63K	10x	as long as short
Phoenix BNBshort	+0.0088%	1h	795.15	−0.075%	$171K	$36K	10x
Lighter BNB	+0.0096%	1h	795.58	−0.021%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.73	−0.002%	$385K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.05	−0.088%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.90	+0.020%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.55	−0.025%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.34	−0.051%	$139.1M	$75.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.20	−0.069%	$53.3M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.70	−0.006%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.15	−0.075%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	795.60	−0.019%	$77.5M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.11	−0.081%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.127%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.60	−0.019%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.95	+0.026%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.89	+0.017%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.90	+0.019%	$391K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.94	−0.101%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	796.07	+0.040%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.15	−0.075%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.83	+0.010%	$382K	$110K	10x	as long as short
RISEx BNB/USDClong	+0.0131%	1h	795.75	long leg	$1.1M	$1.1M	20x
Kalshi KXBNBPERP	+0.0158%	8h	795.60	−0.019%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.022%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	796.05	+0.038%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.41	−0.043%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	796.34	+0.074%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	796.31	+0.071%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.00	−0.094%	$68K	$38K	12x	as long as short