Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0069%/8hnext payment +$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: RISEx against Lighter+0.066%54s7-day average 0.000% · 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—prices read too far apart to compare

costs, in and out, $10k−$90.092% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.066%, 7d avg 0.000%

Together, before fees+0.087%+ Points / potential airdropLighter: Season 3 · farm board+$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 0.065% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	801.41	0.0096	pay 0.0012% / 1h	23m 47s	$2.9M	$3.9M	20x
Short	RISEx BNB/USDC	801.93	0.0165	get 0.0021% / 1h	23m 47s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Lighter. 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 LighterbpFee RISExbpOrdersPrice spread, now +0.066%Rate

Funding earned: $14.49
Price spread: +0.066% → 0.000%: $6.54
Slippage, 4 orders: −$3.2
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $11.83
Costs to cover: 0.092%
Break-even: 1.3 days

Slippage from Lighter: live order book, 8 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 Lighter live order book, 8 min ago	0.49 bp	1.1 bp −$1	4.9 bp −$49	14.2 bp −$1,416	69.3 bp −$34.7K
Sell RISEx live order book, 4 min ago	0.81 bp	3.8 bp −$4	7.9 bp −$79	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 −0.0197% / S +0.0371%	1h	801.55	+0.017%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.22	+0.101%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.89	−0.189%	$3.0M	$30.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.30	+0.111%	$107K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	800.55	−0.107%	$866K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	801.64	+0.030%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.43	−0.122%	$19K	$407K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.37	−0.129%	$601K	$904K	50x	as long as short
Variational Omni BNB	+0.0072%	8h	799.45	−0.245%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDT	+0.0080%	8h	800.84	−0.071%	—	$33.8M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNBlong	+0.0096%	1h	801.41	long leg	$2.9M	$3.9M	20x
Aster BNBUSDT	+0.0098%	8h	802.00	+0.075%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.40	−0.001%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.02	−0.049%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	800.34	−0.133%	$138.5M	$87.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.50	−0.113%	$55.1M	$116.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.00	+0.074%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.90	−0.063%	$35.9M	$59.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.77	−0.080%	$28.0M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.40	−0.126%	$78.5M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.38	−0.128%	$4.2M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.08	−0.166%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.70	+0.037%	$118K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.43	+0.003%	$387K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.62	+0.027%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.08	+0.084%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.50	+0.012%	$394K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	801.92	+0.064%	$1.6M	$159K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.51	+0.013%	$8.2M	$6.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.51	+0.012%	$78K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0102%	8h	802.08	+0.084%	$70.2M	$51.7M	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	801.90	+0.061%	$83.9M	$15.1M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	801.25	−0.020%	$516.7M	$802.1M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	800.95	−0.058%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.54	+0.016%	$385K	$40K	10x	as long as short
Bulk BNB-USD	+0.0120%	1h	799.94	−0.183%	$651K	$15K	10x	as long as short
Phoenix BNB	+0.0151%	1h	799.83	−0.197%	$172K	$28K	10x	as long as short
RISEx BNB/USDCshort	+0.0165%	1h	801.93	+0.066%	$1.1M	$1.4M	20x
Kraken Futures PF_BNBUSD	+0.0184%	1h	801.52	+0.015%	$2.5M	$924K	50x	as long as short
BloFin BNB-USDT	+0.0223%	8h	802.20	+0.099%	$19.0M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0248%	1h	801.83	+0.053%	$51.5M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	802.56	+0.144%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0328%	1h	801.72	+0.039%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	801.31	−0.012%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0370%	1h	800.88	−0.065%	$173K	$51K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0695%	1h	802.17	+0.095%	$3.0M	$5.3M	40x	as long as short