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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h −0.056%
Price spread now: RISEx against Hibachi−0.048%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HibachiShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. RISEx is 0.048% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 41 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P789.220.0368pay 0.0046% / 1h7m 57s$67K$38K12x
ShortRISEx BNB/USDC788.850.0461get 0.0058% / 1h7m 57s$1.1M$967K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Hibachi. 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

Funding earned
$19.45
Price spread: −0.048% → 0.000%
−$4.78
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$0.33
Costs to cover
0.150%
Break-even
7.1 days
Slippage unknown: Hibachi: no order-book sample; RISEx: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample—————
Sell RISEx live order book, 1 min ago0.51 bp3.5 bp −$47.3 bp −$73doesn't fitdoesn't fit
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0189% / S +0.0353%1h788.38−0.106%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h789.15−0.009%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.16−0.008%$851K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h788.39−0.106%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.010%$19K$789K30xas long as short
Aster BNBUSDT+0.0036%8h788.92−0.039%$6.1M$18.7M200xas long as short
BingX BNB-USDT+0.0047%8h788.46−0.097%—$34.4M—as long as short
Phemex BNBUSDT+0.0055%8h789.07−0.020%$69.0M$50.1M50xas long as short
MEXC BNB_USDT+0.0058%8h789.20−0.003%$80.1M$12.4M200xas long as short
Binance BNBUSDT+0.0058%8h788.95−0.035%$492.4M$790.2M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0064%1h789.45+0.029%$582K$1.9M50xas long as short
Lighter BNB+0.0096%1h788.70−0.066%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.51−0.090%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h788.55−0.085%$1.5M$2.5M20xas long as short
Hyperliquid BNB+0.0100%1h788.98−0.031%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h788.95−0.035%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h788.16−0.135%$138.7M$73.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.10−0.142%$53.4M$111.1M50xas long as short
Arcus BNB-USD+0.0100%1h788.80−0.054%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h788.25−0.123%$35.5M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.17−0.134%$28.0M$10.4M75xas long as short
Bitget BNBUSDT+0.0100%8h788.02−0.153%$76.2M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.04−0.023%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.70−0.066%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h789.53+0.038%$4.1M$73.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.35+0.016%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.31−0.116%$133K$950K10xas long as short
Derive BNB-PERP+0.0100%1h788.58−0.082%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.34+0.015%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.60−0.079%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h788.53−0.088%$8.1M$9.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h789.01−0.027%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.93−0.164%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h788.59−0.081%$379K$110K10xas long as short
Phoenix BNB+0.0117%1h789.06−0.021%$170K$35K10xas long as short
dYdX BNB-USD+0.0118%1h789.29+0.008%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0154%8h789.71+0.062%$2.9M$28.6M10xas long as short
Kalshi KXBNBPERP+0.0177%8h789.00−0.028%$132K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0178%8h789.52+0.038%$18.1M$2.2M75xas long as short
Bulk BNB-USD+0.0216%1h789.05−0.022%$639K$9K10xas long as short
01 Exchange BNBUSD+0.0232%1h789.01−0.027%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0264%1h788.51−0.090%$2.5M$1.2M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.98−0.031%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0325%1h788.10−0.143%$6K$3K40xas long as short
Hibachi BNB/USDT-Plong+0.0368%1h789.22long leg$67K$38K12x
RISEx BNB/USDCshort+0.0461%1h788.85−0.048%$1.1M$967K20x