Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.046%

Price spread now: KuCoin against RISEx−0.044%7-day average −0.019% · 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−$34as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.138%−$14 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.044%, 7d avg −0.019%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.026% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	787.62	0.0393	pay 0.0049% / 1h	43m 31s	$1.1M	$900K	20x
Short	KuCoin BNBUSDTM	787.27	0.0100	get 0.0100% / 8h	5h 43m	$28.2M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$61.48
Price spread: −0.044% → −0.019%: −$2.58
Slippage, 4 orders: −$12.98
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$95.03
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; KuCoin: live order book, 3 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	1.52 bp	4.5 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.32 bp	12.4 bp −$12	24.1 bp −$241	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.00	−0.078%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.44	−0.023%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.94	+0.041%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.88	+0.033%	$6.0M	$16.9M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.72	+0.013%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.90	+0.036%	$145K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.02	+0.051%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.11	−0.065%	$9.5M	—	150x	as long as short
Binance BNBUSDT	+0.0015%	8h	787.89	+0.034%	$481.6M	$761.0M	75x	as long as short
MEXC BNB_USDT	+0.0015%	8h	789.00	+0.175%	$83.3M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BNBUSDT	+0.0030%	8h	787.00	−0.079%	$138.5M	$65.7M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.218%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0059%	8h	787.98	+0.046%	$18.5M	$2.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.67	+0.006%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.31	−0.040%	$1.4M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.08	+0.058%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.75	+0.017%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.053%	$53.4M	$101.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	−0.015%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.35	−0.034%	$41.3M	$53.9M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	787.27	−0.044%	$28.2M	$9.6M	75x
Bitget BNBUSDT	+0.0100%	8h	787.05	−0.072%	$75.8M	$30.9M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.42	−0.025%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.09	+0.060%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.05	−0.072%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.48	−0.018%	$4.1M	$74.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.54	−0.010%	$159K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.13	−0.062%	$130K	$903K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.62	0.000%	$265K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.85	+0.029%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.70	+0.010%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.92	+0.039%	$1.5M	$157K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.67	+0.006%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.84	+0.028%	$78K	$656K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.79	−0.106%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.43	−0.024%	$378K	$110K	10x	as long as short
Phemex BNBUSDT	+0.0104%	8h	788.23	+0.077%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0120%	1h	788.06	+0.056%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.58	−0.005%	$543K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.82	+0.025%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0297%	1h	788.11	+0.062%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.64	−0.125%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0328%	1h	787.20	−0.054%	$67K	$37K	12x	as long as short
RISEx BNB/USDClong	+0.0393%	1h	787.62	long leg	$1.1M	$900K	20x
dYdX BNB-USD	+0.1140%	1h	787.47	−0.019%	$158K	$34K	10x	as long as short