Funding you earn now, next payment 11:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.041%
Price spread now: RISEx against Arcus+0.025%7-day average −0.068% · 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−$18as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 4 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.025%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and RISEx is 0.093% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.068%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.071% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BNB-USD | 787.60 | 0.0100 | pay 0.0013% / 1h | 46m 39s | $57K | $122K | 10x |
| Short | RISEx BNB/USDC | 787.79 | 0.0393 | get 0.0049% / 1h | 46m 39s | $1.1M | $899K | 20x |
Arcus BNB-USD
RISEx BNB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $61.48
- Price spread: +0.025% → −0.068%
- $9.29
- Slippage, 4 orders
- −$16.82
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $43.44
- Costs to cover
- 0.273%
- Break-even
- 2.1 days
Slippage from Arcus: live order book, 64 min ago; RISEx: 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 Arcus live order book, 64 min ago | 6.37 bp | 11.2 bp −$11 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 0.06 bp | 3.1 bp −$3 | 6.9 bp −$69 | doesn't fit | doesn't fit |
BNB on 45 exchanges
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 −0.0166% / S +0.0336% | 1h | 787.16 | −0.056% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0085% | 1h | 787.19 | −0.052% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.09 | +0.062% | $4K | — | 25x | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 788.07 | +0.060% | $6.0M | $17.0M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.71 | +0.014% | $2.9M | $26.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.70 | +0.013% | $144K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.17 | +0.072% | $850K | $2.9M | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | 0.0000% | 1h | 787.53 | −0.009% | $1.5M | $157K | 25x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.18 | −0.053% | $9.5M | — | 150x | as long as short |
| MEXC BNB_USDT | +0.0014% | 8h | 789.10 | +0.190% | $83.4M | $11.7M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
Deribit BNB_USDC-PERPETUAL
gTrade (Gains Network) BNB/USD
MEXC BNB_USDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0015% | 8h | 788.13 | +0.067% | $481.7M | $762.4M | 75x | as long as short |
| Bybit BNBUSDT | +0.0031% | 8h | 787.10 | −0.063% | $138.5M | $65.8M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.221% | $19K | $789K | 30x | as long as short |
| BloFin BNB-USDT | +0.0059% | 8h | 787.99 | +0.050% | $18.4M | $2.2M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.61 | +0.001% | $2.7M | $3.3M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.11 | −0.062% | $1.4M | $2.3M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.04 | +0.056% | $51.9M | $16.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.76 | +0.021% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.40 | −0.025% | $53.4M | $101.8M | 50x | as long as short |
| Arcus BNB-USDlong | +0.0100% | 1h | 787.60 | long leg | $57K | $122K | 10x | |
| Gate BNB_USDT | +0.0100% | 8h | 787.35 | −0.032% | $41.3M | $53.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.29 | −0.039% | $28.2M | $9.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.20 | −0.051% | $75.8M | $30.9M | 75x | as long as short |
| BingX BNB-USDT | +0.0100% | 8h | 787.58 | −0.003% | — | $50.1M | — | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.77 | +0.022% | $2.2M | $6.0M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.35 | −0.159% | $4.3M | $4.5M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.36 | −0.030% | $4.1M | $74.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.20 | −0.051% | $158K | $445K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.11 | −0.062% | $130K | $904K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.25 | −0.044% | $264K | $297K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.77 | +0.022% | $12K | $1.3M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.40 | −0.025% | $387K | $926K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.20 | −0.050% | $8.0M | $9.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.97 | +0.047% | $78K | $611K | 50x | as long as short |
| Phemex BNBUSDT | +0.0103% | 8h | 787.91 | +0.039% | $68.5M | $51.1M | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.01 | −0.075% | $1.8M | $5.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.15 | −0.058% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.72 | +0.015% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 787.48 | −0.015% | $545K | $1.9M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.69 | +0.011% | $28K | $3K | 10x | as long as short |
| Bulk BNB-USD | +0.0297% | 1h | 788.11 | +0.065% | $639K | $0 | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0317% | 1h | 786.80 | −0.101% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0320% | 1h | 787.42 | −0.023% | $67K | $37K | 12x | as long as short |
| RISEx BNB/USDCshort | +0.0393% | 1h | 787.79 | +0.025% | $1.1M | $899K | 20x | |
| dYdX BNB-USD | +0.1177% | 1h | 787.47 | −0.016% | $158K | $34K | 10x | as long as short |
Binance BNBUSDT
Bybit BNBUSDT
Injective BNB/USDC PERP
BloFin BNB-USDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Phemex BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Coinbase International BNB-PERP-INTX
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
dYdX BNB-USD