BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0328%/8h= −36.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.028%

Price spread now: Aevo against RISEx−0.039%7-day average −0.014% · 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−$72as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.115%−$12 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.039%, 7d avg −0.014%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aevo is 0.025% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.115% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	788.84	0.0432	pay 0.0054% / 1h	5m 07s	$1.1M	$902K	20x
Short	Aevo BNB-PERP	788.53	0.0104	get 0.0013% / 1h	5m 07s	$379K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. 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 RISExbpFee AevobpOrdersPrice spread, now −0.039%Rate

Funding earned: −$68.96
Price spread: −0.039% → −0.014%: −$2.47
Slippage, 4 orders: −$47.53
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$140.96
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Aevo: live order book, 44 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 RISEx live order book, 4 min ago	0.82 bp	3.8 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit
Sell Aevo live order book, 44 min ago	8.25 bp	32.1 bp −$32	37.8 bp −$378	58.2 bp −$5,821	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 −0.0192% / S +0.0356%	1h	788.46	−0.048%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.19	+0.045%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.026%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.46	−0.048%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.060%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0044%	8h	789.14	+0.038%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0051%	8h	788.73	−0.014%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0062%	8h	789.08	+0.031%	$69.0M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	789.40	+0.071%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.11	+0.035%	$491.2M	$815.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	788.40	−0.055%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	−0.058%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.76	−0.010%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.57	−0.034%	$265K	$487K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.80	−0.005%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.32	+0.061%	$51.7M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.90	+0.008%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.50	−0.043%	$138.8M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.50	−0.043%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.80	−0.005%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.55	−0.037%	$36.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.35	−0.062%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.35	−0.062%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.95	+0.014%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	−0.054%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.54	−0.038%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.44	−0.051%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.40	−0.056%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.73	−0.013%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.05	+0.027%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.51	−0.042%	$8.1M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.01	+0.022%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.18	−0.084%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	788.53	−0.039%	$379K	$110K	10x
Phoenix BNB	+0.0107%	1h	787.87	−0.123%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0118%	1h	788.70	−0.018%	$388K	$989K	10x	as long as short
dYdX BNB-USD	+0.0136%	1h	788.46	−0.048%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0140%	8h	789.20	+0.046%	$163K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.06	+0.028%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	788.87	+0.004%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.94	+0.013%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	789.16	+0.041%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	788.30	−0.068%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0378%	1h	788.15	−0.087%	$639K	$4K	10x	as long as short
RISEx BNB/USDClong	+0.0432%	1h	788.84	long leg	$1.1M	$902K	20x
Hibachi BNB/USDT-P	+0.0560%	1h	788.09	−0.095%	$67K	$39K	12x	as long as short