Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0321%/8h= +35.1% APRpaid last 24h +0.044%

Price spread now: RISEx against MEXC−0.267%7-day average −0.186% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.147%+$15 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.267%, 7d avg −0.186%

Together, before fees+0.235%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.081% cheaper against MEXC than usual: you would sell low and buy high (spread −0.267% now, against its 7-day average of −0.186%). If the spread goes back, that is −$8 on $10k: about 20 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.147% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	786.30	0.0024	pay 0.0024% / 8h	6h 54m	$82.7M	$11.7M	200x
Short	RISEx BNB/USDC	784.20	0.0345	get 0.0043% / 1h	54m 11s	$1.1M	$895K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now −0.267%Rate

Funding earned: $67.32
Price spread: −0.267% → −0.186%: −$8.09
Slippage, 4 orders: −$4.69
Fee MEXC: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $44.54
Costs to cover: 0.147%
Break-even: 2.4 days

Slippage from MEXC: live order book, 5 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 MEXC live order book, 5 min ago	1.27 bp	3.3 bp −$3	6.6 bp −$66	15.6 bp −$1,557	31.4 bp −$15.7K
Sell RISEx live order book, 4 min ago	1.08 bp	4.1 bp −$4	8.3 bp −$83	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 −0.0166% / S +0.0336%	1h	784.49	−0.230%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.65	−0.210%	$4K	—	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.51	+0.154%	$2.9M	$26.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.67	+0.174%	$849K	$2.8M	30x	as long as short
Aster BNBUSDT	+0.0003%	8h	784.67	−0.207%	$6.0M	$17.7M	200x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.53	+0.156%	$9.5M	—	150x	as long as short
BingX BNB-USDC	+0.0019%	8h	784.37	−0.245%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0023%	8h	784.79	−0.192%	$480.9M	$797.6M	75x	as long as short
MEXC BNB_USDTlong	+0.0024%	8h	786.30	long leg	$82.7M	$11.7M	200x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.390%	$19K	$789K	30x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	784.22	−0.264%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.32	−0.252%	$2.7M	$3.4M	20x	as long as short
Phemex BNBUSDT	+0.0098%	8h	784.84	−0.186%	$68.2M	$51.4M	50x	as long as short
BloFin BNB-USDT	+0.0099%	8h	785.18	−0.142%	$17.6M	$2.3M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.30	−0.382%	$1.4M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.76	−0.196%	$51.6M	$17.2M	10x	as long as short
Pacifica BNB	+0.0100%	1h	783.97	−0.296%	$1.2M	$940K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.10	−0.280%	$138.1M	$70.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.20	−0.267%	$53.4M	$106.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.00	−0.293%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.20	−0.267%	$39.8M	$53.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.76	−0.323%	$27.7M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.80	−0.318%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.93	−0.174%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.20	−0.013%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.31	+0.128%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.42	+0.142%	$158K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.18	−0.270%	$129K	$914K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.99	−0.294%	$263K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.48	−0.231%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.30	−0.254%	$386K	$938K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	783.97	−0.296%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.39	−0.243%	$78K	$337K	50x	as long as short
Kalshi KXBNBPERP	+0.0101%	8h	784.50	−0.229%	$176K	$2.5M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	783.51	−0.354%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.11	−0.279%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	787.71	+0.179%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	784.46	−0.234%	$548K	$1.9M	50x	as long as short
Bulk BNB-USD	+0.0186%	1h	787.44	+0.144%	$638K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.48	−0.232%	$1.5M	$136K	25x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	784.57	−0.220%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	783.72	−0.328%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0345%	1h	784.20	−0.267%	$1.1M	$895K	20x
Hibachi BNB/USDT-P	+0.0424%	1h	784.98	−0.168%	$67K	$38K	12x	as long as short
dYdX BNB-USD	+0.0545%	1h	783.78	−0.320%	$157K	$42K	10x	as long as short