BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.037%

Price spread now: Bulk against RISEx+0.126%7-day average +0.076% · 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−$11as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on RISEx Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.126%, 7d avg +0.076%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.050% dearer against RISEx than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	798.24	0.0155	pay 0.0019% / 1h	51m 51s	$1.1M	$1.4M	20x
Short	Bulk BNB-USD	799.24	0.0158	get 0.0020% / 1h	51m 51s	$649K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0.64
Price spread: +0.126% → +0.076%: $4.99
Slippage, 4 orders: −$3.38
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$10.76
Costs to cover: 0.164%
Break-even: 124.9 days

Slippage from RISEx: live order book, 2 min ago; Bulk: live order book, 22 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, 2 min ago	1.63 bp	4.6 bp −$5	9.2 bp −$92	doesn't fit	doesn't fit
Sell Bulk live order book, 22 min ago	0.06 bp	3.6 bp −$4	3.8 bp −$38	6.6 bp −$660	16.5 bp −$8,258

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	798.20	−0.004%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.00	−0.155%	$2.5M	$976K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.48	+0.031%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0047%	8h	797.05	−0.148%	$35.7M	$55.8M	75x	as long as short
Bybit BNBUSDT	−0.0032%	8h	796.90	−0.167%	$138.3M	$77.1M	75x	as long as short
BingX BNB-USDT	−0.0030%	8h	797.25	−0.123%	—	$35.2M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.17	+0.117%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.16	+0.116%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.22	−0.002%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.14	−0.012%	$4.1M	$5.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.859%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.029%	$601K	$983K	50x	as long as short
Aster BNBUSDT	+0.0071%	8h	797.70	−0.067%	$6.2M	$19.3M	200x	as long as short
Binance BNBUSDT	+0.0093%	8h	797.72	−0.065%	$495.9M	$818.4M	75x	as long as short
MEXC BNB_USDT	+0.0093%	8h	798.10	−0.017%	$83.0M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	797.48	−0.095%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	+0.060%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.75	−0.060%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.19	−0.006%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	796.80	−0.180%	$54.1M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	+0.046%	$53K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.18	−0.132%	$27.9M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	796.91	−0.166%	$78.6M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.16	+0.116%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.136%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.98	−0.032%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.59	−0.081%	$385K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.89	−0.043%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.74	+0.063%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.40	−0.105%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.40	+0.021%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.89	+0.081%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.73	−0.188%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.39	+0.019%	$384K	$102K	10x	as long as short
Phemex BNBUSDT	+0.0131%	8h	797.88	−0.044%	$69.8M	$50.8M	50x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	798.38	+0.018%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0152%	8h	798.00	−0.029%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDClong	+0.0155%	1h	798.24	long leg	$1.1M	$1.4M	20x
Bulk BNB-USDshort	+0.0158%	1h	799.24	+0.126%	$649K	$14K	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	797.98	−0.032%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0213%	8h	798.86	+0.078%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.76	+0.066%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0267%	1h	798.21	−0.003%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0328%	1h	798.17	−0.008%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.73	−0.063%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0375%	1h	798.15	−0.011%	$53.2M	$20.7M	10x	as long as short