BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.16 per $10,000 · paid last 24h +0.005%

Price spread now: RISEx against Phoenix−0.137%7-day average −0.064% · 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−$40as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.137%, 7d avg −0.064%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.073% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.064%). If the spread goes back, that is −$7 on $10k: about 45 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.037% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BNB	802.03	0.0127	pay 0.0016% / 1h	39m 16s	$172K	$36K	10x
Short	RISEx BNB/USDC	800.93	0.0258	get 0.0032% / 1h	39m 16s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Phoenix. 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 PhoenixbpFee RISExbpOrdersPrice spread, now −0.137%Rate

Funding earned: $27.52
Price spread: −0.137% → −0.064%: −$7.34
Slippage, 4 orders: −$20.04
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$12.86
Costs to cover: 0.330%
Break-even: 10.3 days

Slippage from Phoenix: live order book, 32 min ago; RISEx: live order book, 5 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 Phoenix live order book, 32 min ago	1.00 bp	12.4 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	1.12 bp	4.1 bp −$4	8.2 bp −$82	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 −0.0201% / S +0.0372%	1h	800.67	−0.169%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.12	−0.113%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.51	−0.189%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.046%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.98	−0.006%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.76	−0.158%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	801.45	−0.072%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0048%	8h	800.74	−0.161%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0056%	8h	800.20	−0.228%	$138.9M	$78.5M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.163%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.83	−0.149%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.19	−0.104%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.44	−0.199%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.06	−0.121%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.30	−0.216%	$54.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	−0.103%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.50	−0.191%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.61	−0.177%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.42	−0.201%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.33	+0.038%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.26	+0.029%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.65	−0.172%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.72	−0.163%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.92	−0.139%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.43	−0.075%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.90	−0.141%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.80	−0.029%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.55	−0.059%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.13	−0.237%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.89	−0.142%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.27	−0.095%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.70	−0.041%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0121%	8h	801.16	−0.108%	$501.0M	$817.1M	75x	as long as short
MEXC BNB_USDT	+0.0122%	8h	801.40	−0.079%	$83.3M	$13.5M	200x	as long as short
Phoenix BNBlong	+0.0127%	1h	802.03	long leg	$172K	$36K	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.11	−0.114%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0205%	1h	801.46	−0.071%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	802.11	+0.010%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.36	−0.084%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDCshort	+0.0258%	1h	800.93	−0.137%	$1.1M	$1.4M	20x
Bulk BNB-USD	+0.0305%	1h	801.82	−0.026%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.382%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	800.36	−0.209%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.39	−0.080%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0378%	1h	802.35	+0.040%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0422%	1h	801.50	−0.067%	$162K	$62K	10x	as long as short