Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.018%

Price spread now: RISEx against SunX−0.051%7-day average −0.053% · 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−$53as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.051%, 7d avg −0.053%

Together, before fees+0.290%+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.107% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	789.88	0.0100	pay 0.0100% / 8h	4h 45m	$12K	$1.5M	50x
Short	RISEx BNB/USDC	789.47	0.0461	get 0.0058% / 1h	45m 15s	$1.1M	$975K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against SunX. 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 SunXbpFee RISExbpOrdersPrice spread, now −0.051%Rate

Funding earned: $75.73
Price spread: −0.051% → −0.053%: $0.22
Slippage, 4 orders: −$39.09
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $22.85
Costs to cover: 0.531%
Break-even: 4.9 days

Slippage from SunX: live order book, 10 min ago; RISEx: live order book, 3 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 SunX live order book, 10 min ago	7.66 bp	14.1 bp −$14	21.8 bp −$218	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	1.20 bp	4.2 bp −$4	7.2 bp −$72	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 −0.0184% / S +0.0349%	1h	789.21	−0.084%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.19	−0.087%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.70	−0.022%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.15	−0.092%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.926%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	789.76	−0.014%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.31	−0.072%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.097%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.10	+0.028%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.90	+0.003%	$492.9M	$789.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	789.80	−0.010%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.36	−0.065%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.34	−0.068%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.143%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.78	−0.012%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.27	−0.077%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.098%	$138.8M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	−0.111%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	−0.073%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.10	−0.098%	$35.4M	$56.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.09	−0.100%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.94	−0.118%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.39	−0.062%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.174%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.10	−0.099%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.58	−0.037%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.09	−0.100%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.36	−0.065%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	789.88	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	789.30	−0.073%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.84	−0.131%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.81	−0.009%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.74	−0.144%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.34	−0.067%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0115%	1h	789.05	−0.105%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.31	−0.072%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0134%	8h	789.57	−0.039%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	789.60	−0.035%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.81	−0.008%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.74	−0.017%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.05	−0.104%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.223%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.74	−0.018%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.81	−0.136%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0461%	1h	789.47	−0.051%	$1.1M	$975K	20x
Hibachi BNB/USDT-P	+0.0512%	1h	788.97	−0.115%	$67K	$38K	12x	as long as short