Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0331%/8h= +36.3% APRpaid last 24h +0.034%

Price spread now: RISEx against Bybit+0.052%7-day average +0.031% · 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−$21as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.162%+$16 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.052%, 7d avg +0.031%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and RISEx is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	787.44	0.0100	pay 0.0100% / 8h	3h 16m	$138.5M	$73.9M	75x
Short	RISEx BNB/USDC	787.85	0.0431	get 0.0054% / 1h	16m 25s	$1.1M	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now +0.052%Rate

Funding earned: $69.58
Price spread: +0.052% → +0.031%: $2.09
Slippage, 4 orders: −$6.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $48.4
Costs to cover: 0.233%
Break-even: 2.1 days

Slippage from Bybit: live order book, 3 min ago; RISEx: live order book, 2 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 Bybit live order book, 3 min ago	0.63 bp	6.3 bp −$6	8.5 bp −$85	25.1 bp −$2,505	162.6 bp −$81.3K
Sell RISEx live order book, 2 min ago	1.84 bp	4.8 bp −$5	9.6 bp −$96	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 −0.0192% / S +0.0356%	1h	787.50	+0.007%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.55	+0.015%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.97	+0.067%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.20	+0.097%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.39	+0.121%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.50	+0.008%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	788.14	+0.089%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.241%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	787.65	+0.027%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0042%	8h	788.15	+0.090%	$491.4M	$801.6M	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	+0.0042%	8h	788.40	+0.122%	$79.9M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0043%	8h	788.00	+0.071%	$68.9M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.032%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0087%	1h	787.24	−0.025%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.84	+0.051%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.57	+0.016%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.62	+0.023%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.40	−0.005%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.08	+0.081%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.71	+0.035%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	787.44	long leg	$138.5M	$73.9M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	+0.008%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.020%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	+0.001%	$36.0M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.43	−0.001%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.25	−0.024%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.72	+0.036%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.004%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.077%	$4.1M	$74.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.89	+0.057%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.42	−0.003%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.66	+0.028%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.20	+0.097%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.90	+0.058%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.63	+0.023%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.89	+0.057%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.33	−0.014%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.65	+0.027%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0162%	8h	788.00	+0.071%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0175%	8h	788.39	+0.121%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.107%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.10	+0.084%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.08	+0.081%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.30	−0.017%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.87	+0.054%	$67K	$39K	12x	as long as short
RISEx BNB/USDCshort	+0.0431%	1h	787.85	+0.052%	$1.1M	$893K	20x