Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.013%

Price spread now: RISEx against KuCoin+0.070%7-day average +0.018% · 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−$25as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.106%+$11 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.070%, 7d avg +0.018%

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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.052% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	788.51	0.0100	pay 0.0100% / 8h	5h 50m	$27.7M	$10.4M	75x
Short	RISEx BNB/USDC	789.06	0.0361	get 0.0045% / 1h	50m 02s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.070%Rate

Funding earned: $54.76
Price spread: +0.070% → +0.018%: $5.16
Slippage, 4 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $29.92
Costs to cover: 0.300%
Break-even: 3.2 days

Slippage from KuCoin: 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 KuCoin live order book, 4 min ago	0.32 bp	10.6 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.39 bp	4.4 bp −$4	9.2 bp −$92	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	788.31	−0.025%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.93	+0.180%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.68	+0.275%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.48	−0.004%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.103%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	789.06	+0.070%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	790.27	+0.223%	$618K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0053%	8h	788.98	+0.060%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0070%	8h	788.93	+0.053%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0070%	8h	789.70	+0.151%	$80.5M	$12.4M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0071%	8h	789.17	+0.084%	$493.7M	$808.5M	75x	as long as short
Variational Omni BNB	+0.0073%	8h	789.70	+0.150%	$4.1M	$4.8M	—	as long as short
Gate BNB_USDT	+0.0082%	8h	788.30	−0.027%	$35.3M	$56.6M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.24	−0.034%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.58	+0.009%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.42	−0.011%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.95	+0.056%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.05	+0.068%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.59	+0.137%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.60	+0.011%	$138.5M	$77.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.70	+0.024%	$53.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	+0.088%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	788.51	long leg	$27.7M	$10.4M	75x
Bitget BNBUSDT	+0.0100%	8h	788.59	+0.010%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.72	+0.027%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.77	+0.159%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.95	+0.183%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.36	−0.019%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.68	+0.021%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.96	+0.056%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.90	+0.049%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	790.52	+0.255%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.49	−0.002%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.41	−0.013%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	+0.213%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0114%	1h	788.50	−0.001%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0115%	8h	789.99	+0.188%	$3.0M	$27.9M	10x	as long as short
Kalshi KXBNBPERP	+0.0179%	8h	790.30	+0.227%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0225%	1h	789.85	+0.169%	$160K	$64K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.73	+0.028%	$1.5M	$161K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	789.10	+0.075%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.13	−0.048%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	+0.112%	$639K	$13K	10x	as long as short
RISEx BNB/USDCshort	+0.0361%	1h	789.06	+0.070%	$1.1M	$1.1M	20x
Hibachi BNB/USDT-P	+0.0552%	1h	790.07	+0.197%	$67K	$39K	12x	as long as short