Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.015%

Price spread now: Orderly against RISEx−0.026%7-day average +0.012% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.106%−$11 on $10k

Price spread, last 3 days (all we have)−0.025%−$3 · spread now −0.026%, 7d avg +0.012%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.038% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	800.93	0.0258	pay 0.0032% / 1h	39m 00s	$1.1M	$1.4M	20x
Short	Orderly PERP_BNB_USDC	800.72	0.0100	get 0.0100% / 8h	39m 00s	$387K	$497K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.026%Rate

Funding earned: −$33.13
Price spread: −0.026% → +0.012%: −$3.78
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$48.91
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	1.12 bp	4.1 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	800.67	−0.032%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.12	+0.024%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.51	−0.052%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.184%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.98	+0.131%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.76	−0.021%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	801.45	+0.065%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0048%	8h	800.55	−0.047%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0056%	8h	800.20	−0.091%	$138.9M	$78.5M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.026%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.83	−0.012%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.09	+0.020%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.44	−0.061%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.06	+0.016%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.20	−0.091%	$54.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	+0.034%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.40	−0.066%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.61	−0.040%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.18	−0.094%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.33	+0.175%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.26	+0.166%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.65	−0.035%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	800.72	−0.026%	$387K	$497K	50x
Derive BNB-PERP	+0.0100%	1h	800.92	−0.001%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.43	+0.063%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.90	−0.004%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.80	+0.108%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.55	+0.078%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.13	−0.100%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.89	−0.004%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.27	+0.042%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.70	+0.096%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0121%	8h	801.13	+0.025%	$501.0M	$817.1M	75x	as long as short
MEXC BNB_USDT	+0.0122%	8h	801.40	+0.059%	$83.3M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	+0.137%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.11	+0.023%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0203%	1h	801.27	+0.042%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	802.11	+0.148%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.36	+0.054%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDClong	+0.0258%	1h	800.93	long leg	$1.1M	$1.4M	20x
Bulk BNB-USD	+0.0305%	1h	801.82	+0.111%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.519%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	800.36	−0.071%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.39	+0.057%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0393%	1h	801.42	+0.061%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0422%	1h	801.50	+0.071%	$162K	$62K	10x	as long as short