Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0069%/8h= −7.5% APRpaid last 24h −0.010%

Price spread now: BingX against RISEx−0.009%7-day average −0.011% · 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−$25as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$11 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.009%, 7d avg −0.011%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	806.17	0.0143	pay 0.0018% / 1h	31m 20s	$1.1M	$1.4M	20x
Short	BingX BNB-USDC	806.10	0.0074	get 0.0074% / 8h	3h 31m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$14.41
Price spread: −0.009% → −0.011%: $0.16
Slippage, 4 orders: −$9.36
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.61
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; BingX: live order book, 17 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	2.24 bp	5.2 bp −$5	9.2 bp −$92	doesn't fit	doesn't fit
Sell BingX live order book, 17 min ago	0.37 bp	7.5 bp −$8	9.8 bp −$98	19.3 bp −$1,930	61.1 bp −$30.6K

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 −0.0195% / S +0.0371%	1h	806.03	−0.017%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.42	+0.031%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.11	−0.132%	$3.0M	$29.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.60	+0.053%	$115K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.73	−0.179%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	806.16	−0.002%	$9.8M	—	150x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	805.24	−0.116%	$609K	$903K	50x	as long as short
Variational Omni BNB	+0.0069%	8h	804.46	−0.212%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDCshort	+0.0074%	8h	806.10	−0.009%	—	$13.3M	—
Phemex BNBUSDT	+0.0089%	8h	806.75	+0.072%	$70.5M	$51.4M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0094%	8h	807.30	+0.140%	$84.7M	$15.0M	200x	as long as short
Binance BNBUSDT	+0.0094%	8h	806.69	+0.065%	$519.9M	$806.9M	75x	as long as short
Aster BNBUSDT	+0.0095%	8h	806.56	+0.048%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	806.04	−0.017%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.70	−0.059%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.05	−0.015%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	805.82	−0.044%	$139.3M	$84.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.00	−0.021%	$55.2M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	−0.009%	$52K	$222K	10x	as long as short
Bulk BNB-USD	+0.0100%	1h	806.70	+0.065%	$652K	$11K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.90	−0.034%	$36.2M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.79	−0.047%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.79	−0.047%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.33	−0.104%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.27	−0.112%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.90	−0.034%	$119K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.14	−0.004%	$390K	$596K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.26	+0.011%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.26	+0.011%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	806.20	+0.003%	$397K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.10	−0.009%	$8.2M	$7.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.56	+0.048%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.67	−0.063%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.26	+0.010%	$387K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.55	−0.077%	$173K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0131%	1h	806.19	+0.003%	$2.5M	$915K	50x	as long as short
RISEx BNB/USDClong	+0.0143%	1h	806.17	long leg	$1.1M	$1.4M	20x
Injective BNB/USDC PERP	+0.0157%	1h	800.33	−0.725%	$19K	$423K	30x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.73	+0.069%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0214%	8h	806.63	+0.057%	$18.8M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0217%	1h	806.86	+0.085%	$51.8M	$21.5M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	805.97	−0.025%	$72K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	806.73	+0.069%	$29K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0336%	1h	805.72	−0.056%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0388%	1h	805.88	−0.036%	$171K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0625%	1h	807.04	+0.108%	$3.0M	$5.3M	40x	as long as short