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 OKX+0.054%7-day average +0.025% · 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−$17as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.104%+$10 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.054%, 7d avg +0.025%

Together, before fees+0.120%+$12 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 0.029% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	789.70	0.0100	pay 0.0100% / 8h	5h 52m	$53.4M	$112.9M	50x
Short	RISEx BNB/USDC	790.13	0.0361	get 0.0045% / 1h	52m 01s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.054%Rate

Funding earned: $54.76
Price spread: +0.054% → +0.025%: $2.89
Slippage, 4 orders: −$4.2
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $37.45
Costs to cover: 0.202%
Break-even: 2.2 days

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	0.63 bp	5.8 bp −$6	8.0 bp −$80	20.9 bp −$2,086	doesn't fit
Sell RISEx live order book, 2 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	789.60	−0.012%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.63	−0.135%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.13	+0.054%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.62	−0.010%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.949%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	790.37	+0.085%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	790.00	+0.038%	$619K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.89	+0.024%	—	$34.5M	—	as long as short
Variational Omni BNB	+0.0066%	8h	789.32	−0.048%	$4.1M	$4.8M	—	as long as short
Phemex BNBUSDT	+0.0066%	8h	790.35	+0.082%	$69.2M	$50.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0070%	8h	790.60	+0.114%	$80.6M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0071%	8h	790.26	+0.071%	$494.4M	$808.7M	75x	as long as short
Gate BNB_USDT	+0.0081%	8h	789.60	−0.013%	$35.3M	$56.4M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.64	−0.008%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.98	+0.036%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.52	−0.023%	$382K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.05	+0.044%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.37	+0.085%	$51.8M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.25	+0.070%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.70	0.000%	$138.8M	$77.9M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	789.70	long leg	$53.4M	$112.9M	50x
Arcus BNB-USD	+0.0100%	1h	790.10	+0.051%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.68	−0.003%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.60	−0.013%	$77.0M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.13	+0.054%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.90	−0.101%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.22	−0.187%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.62	−0.010%	$138K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.74	+0.005%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.36	+0.083%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.66	−0.005%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	790.58	+0.111%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.44	−0.032%	$1.8M	$5.9M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0104%	8h	788.27	−0.180%	$2.9M	$27.9M	10x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.70	0.000%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	789.07	−0.080%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0140%	1h	789.80	+0.013%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	790.40	+0.089%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0224%	1h	789.85	+0.019%	$160K	$64K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.09	+0.049%	$1.5M	$160K	25x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	790.28	+0.073%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.50	−0.025%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	−0.039%	$639K	$13K	10x	as long as short
RISEx BNB/USDCshort	+0.0361%	1h	790.13	+0.054%	$1.1M	$1.1M	20x
Hibachi BNB/USDT-P	+0.0552%	1h	789.70	+0.001%	$67K	$39K	12x	as long as short