Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.014%

Price spread now: MEXC against RISEx+0.110%7-day average +0.191% · 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−$25as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.117%−$12 on $10k

Price spread, last 7 days+0.085%+$9 · spread now +0.110%, 7d avg +0.191%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.081% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.191%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	798.22	0.0155	pay 0.0019% / 1h	47m 25s	$1.1M	$1.4M	20x
Short	MEXC BNB_USDT	799.10	0.0091	get 0.0091% / 8h	7h 47m	$83.0M	$13.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$13.41
Price spread: +0.110% → +0.191%: −$8.06
Slippage, 4 orders: −$7.03
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$38.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; MEXC: live order book, 2 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, 1 min ago	1.63 bp	4.6 bp −$5	8.1 bp −$81	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.88 bp	3.9 bp −$4	5.4 bp −$54	16.9 bp −$1,695	32.1 bp −$16.1K

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	798.28	+0.007%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.48	−0.092%	$2.5M	$979K	50x	as long as short
Bybit BNBUSDT	−0.0087%	8h	797.80	−0.053%	$138.5M	$77.0M	75x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.53	+0.039%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0030%	8h	798.19	−0.004%	—	$13.3M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.33	+0.014%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.61	+0.049%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.25	+0.004%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.13	−0.137%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.861%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0046%	8h	798.28	+0.008%	$69.7M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.027%	$601K	$987K	50x	as long as short
Gate BNB_USDT	+0.0062%	8h	797.90	−0.040%	$35.7M	$55.8M	75x	as long as short
Aster BNBUSDT	+0.0069%	8h	798.28	+0.007%	$6.2M	$19.3M	200x	as long as short
MEXC BNB_USDTshort	+0.0091%	8h	799.10	+0.110%	$83.0M	$13.5M	200x
Binance BNBUSDT	+0.0091%	8h	798.86	+0.080%	$496.3M	$816.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.32	+0.013%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.23	+0.001%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.79	−0.053%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.29	+0.009%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.90	−0.040%	$54.1M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	+0.035%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.08	−0.017%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.92	−0.037%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.20	−0.003%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.13	−0.011%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.09	−0.016%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.79	−0.054%	$386K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.94	−0.036%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.51	+0.037%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.90	−0.040%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.53	−0.087%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.10	+0.110%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.69	−0.066%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.88	−0.043%	$383K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	+0.022%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	797.87	−0.044%	$70K	$34K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	798.40	+0.023%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDClong	+0.0155%	1h	798.22	long leg	$1.1M	$1.4M	20x
BloFin BNB-USDT	+0.0211%	8h	798.50	+0.035%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.74	+0.065%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.27	+0.007%	$1.6M	$160K	25x	as long as short
dYdX BNB-USD	+0.0317%	1h	797.97	−0.031%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.78	−0.055%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0357%	1h	799.00	+0.098%	$53.1M	$20.9M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0387%	1h	798.52	+0.038%	$2.7M	$5.7M	40x	as long as short