Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.016%

Price spread now: RISEx against Bitget+0.098%7-day average +0.047% · 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−$17as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.098%, 7d avg +0.047%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.051% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	796.65	0.0100	pay 0.0100% / 8h	7h 05m	$78.1M	$28.0M	75x
Short	RISEx BNB/USDC	797.43	0.0155	get 0.0019% / 1h	5m 00s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now +0.098%Rate

Funding earned: $11.52
Price spread: +0.098% → +0.047%: $5.08
Slippage, 4 orders: −$4.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$5.46
Costs to cover: 0.221%
Break-even: 10.3 days

Slippage from Bitget: live order book, 4 min ago; RISEx: live order book, 4 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 Bitget live order book, 4 min ago	0.06 bp	8.2 bp −$8	10.9 bp −$109	16.9 bp −$1,694	doesn't fit
Sell RISEx live order book, 4 min ago	0.63 bp	3.6 bp −$4	8.0 bp −$80	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 −0.0159% / S +0.0335%	1h	797.06	+0.052%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.02	+0.046%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	797.49	+0.105%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0013%	8h	796.70	+0.006%	$35.8M	$57.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.15	+0.314%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	797.80	+0.144%	$862K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.06	+0.052%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	796.50	−0.018%	$4.1M	$5.1M	—	as long as short
Phemex BNBUSDT	+0.0019%	8h	797.65	+0.126%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.059%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0045%	8h	797.52	+0.109%	$6.1M	$19.5M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	797.60	+0.119%	$610K	$1.1M	50x	as long as short
BingX BNB-USDT	+0.0057%	8h	797.17	+0.065%	—	$34.9M	—	as long as short
Binance BNBUSDT	+0.0070%	8h	797.48	+0.104%	$496.4M	$810.5M	75x	as long as short
MEXC BNB_USDT	+0.0071%	8h	798.20	+0.195%	$83.0M	$13.7M	200x	as long as short
Bybit BNBUSDT	+0.0074%	8h	796.80	+0.019%	$138.5M	$76.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.26	+0.077%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	797.27	+0.078%	$171K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	796.85	+0.025%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.40	+0.094%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	796.80	+0.019%	$54.2M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	797.50	+0.107%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.14	+0.062%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	796.65	long leg	$78.1M	$28.0M	75x
edgeX BNBUSDC	+0.0100%	4h	797.71	+0.133%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.335%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	796.99	+0.043%	$113K	$885K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.01	+0.045%	$385K	$467K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.12	+0.059%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	797.74	+0.137%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.20	+0.069%	$392K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.04	+0.049%	$8.2M	$8.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	797.88	+0.155%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.91	+0.033%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.03	+0.048%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	+0.256%	$649K	$10K	10x	as long as short
RISEx BNB/USDCshort	+0.0155%	1h	797.43	+0.098%	$1.1M	$1.4M	20x
Kalshi KXBNBPERP	+0.0163%	8h	797.70	+0.132%	$102K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0187%	1h	796.86	+0.026%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0190%	8h	797.60	+0.119%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	797.83	+0.148%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0283%	1h	797.79	+0.143%	$53.0M	$20.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	797.43	+0.098%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	796.63	−0.003%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	797.30	+0.082%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0426%	1h	797.76	+0.139%	$2.7M	$5.7M	40x	as long as short