Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.041%

Price spread now: SunX against RISEx+0.040%7-day average +0.051% · 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−$53as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now +0.040%, 7d avg +0.051%

Together, before fees−0.445%−$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	787.27	0.0355	pay 0.0044% / 1h	46m 26s	$1.1M	$911K	20x
Short	SunX BNB-USDT	787.59	0.0100	get 0.0100% / 8h	7h 46m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$53.45
Price spread: +0.040% → +0.051%: −$1.06
Slippage, 4 orders: −$37.52
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$106.04
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; SunX: live order book, 8 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	0.32 bp	3.3 bp −$3	7.0 bp −$70	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	15.07 bp	23.6 bp −$24	30.9 bp −$309	doesn't fit	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	786.98	−0.038%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.46	+0.023%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.03	−0.031%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.49	+0.027%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.76	+0.062%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.01	−0.034%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	787.62	+0.043%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.263%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0036%	8h	787.38	+0.013%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0044%	8h	787.48	+0.026%	$489.9M	$812.3M	75x	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	+0.0044%	8h	788.60	+0.168%	$82.0M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0088%	1h	787.07	−0.027%	$157K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.32	+0.005%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.05	−0.029%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.61	+0.043%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.41	+0.018%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.00	−0.035%	$138.6M	$73.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.048%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	+0.016%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.10	−0.022%	$39.2M	$55.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.81	−0.059%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.79	−0.062%	$75.5M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.51	+0.030%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.62	−0.083%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.45	+0.022%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.37	+0.012%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.29	+0.002%	$132K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.02	−0.032%	$265K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.23	−0.006%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.59	+0.040%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	787.20	−0.010%	$387K	$949K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.52	+0.032%	$1.5M	$141K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.41	+0.017%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.74	+0.059%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.85	−0.054%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.91	−0.046%	$378K	$110K	10x	as long as short
Phemex BNBUSDT	+0.0108%	8h	787.78	+0.064%	$68.7M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	787.40	+0.016%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	−0.087%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.50	+0.029%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0164%	8h	787.58	+0.039%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	+0.051%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.73	+0.058%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	786.86	−0.053%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0355%	1h	787.27	long leg	$1.1M	$911K	20x
Hibachi BNB/USDT-P	+0.0416%	1h	787.40	+0.015%	$67K	$39K	12x	as long as short