Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0390%/8h= −42.7% APRpaid last 24h −0.033%

Price spread now: Aster against RISEx+0.072%7-day average +0.083% · 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−$18as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.143%−$14 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.072%, 7d avg +0.083%

Together, before fees−0.174%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.143% in total (about -14.1% a year). A funding rate is set anew for every payment. 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	786.76	0.0438	pay 0.0055% / 1h	0m 10s	$1.1M	$915K	20x
Short	Aster BNBUSDT	787.33	0.0048	get 0.0048% / 8h	1h 00m	$6.1M	$18.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$81.9
Price spread: +0.072% → +0.083%: −$1.11
Slippage, 4 orders: −$2.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$99.65
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Aster: 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 RISEx live order book, 3 min ago	0.89 bp	3.9 bp −$4	8.2 bp −$82	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.06 bp	4.1 bp −$4	5.3 bp −$53	18.3 bp −$1,829	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 −0.0170% / S +0.0337%	1h	786.71	−0.006%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.78	+0.003%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	+0.136%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.71	−0.007%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.330%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0047%	8h	786.86	+0.013%	—	$22.4M	—	as long as short
Aster BNBUSDTshort	+0.0048%	8h	787.33	+0.072%	$6.1M	$18.8M	200x
MEXC BNB_USDT	+0.0057%	8h	788.10	+0.170%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	787.42	+0.084%	$489.4M	$821.3M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	786.64	−0.015%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	787.38	+0.079%	$68.8M	$51.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	+0.085%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.93	+0.022%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.05	−0.090%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.26	+0.064%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.50	−0.033%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	−0.020%	$138.4M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.020%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.008%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	−0.014%	$38.0M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.51	−0.032%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.36	−0.051%	$76.7M	$31.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.15	+0.050%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.108%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.27	+0.065%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.69	+0.118%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.60	−0.020%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.78	+0.003%	$265K	$454K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	+0.037%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.78	+0.002%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.90	+0.018%	$387K	$976K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.64	−0.015%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.89	+0.017%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.35	−0.053%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.79	+0.004%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	787.00	+0.031%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.127%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	786.92	+0.020%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.22	+0.059%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.71	−0.007%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.38	+0.079%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	+0.015%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.10	+0.043%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.41	−0.044%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0438%	1h	786.76	long leg	$1.1M	$915K	20x
Hibachi BNB/USDT-P	+0.0464%	1h	786.61	−0.020%	$67K	$39K	12x	as long as short