BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0331%/8h= −36.3% APRnext payment −$0.41 per $10,000 · paid last 24h −0.021%

Price spread now: SoDEX against RISEx−0.030%7-day average −0.003% · 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−$20as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on RISEx Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.030%, 7d avg −0.003%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.028% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.086% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	788.24	0.0431	pay 0.0054% / 1h	41m 45s	$1.1M	$891K	20x
Short	SoDEX BNB-USD	788.00	0.0100	get 0.0013% / 1h	41m 45s	$387K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$69.58
Price spread: −0.030% → −0.003%: −$2.78
Slippage, 4 orders: −$3.55
Fee RISEx: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$89.91
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; SoDEX: 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, 2 min ago	1.14 bp	4.1 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.63 bp	4.6 bp −$5	8.5 bp −$85	76.0 bp −$7,602	doesn't fit

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 −0.0192% / S +0.0356%	1h	787.81	−0.055%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.73	−0.065%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.50	+0.033%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	789.10	+0.109%	$129K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.90	+0.084%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.79	−0.057%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.138%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0033%	8h	788.34	+0.013%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0044%	8h	787.93	−0.039%	—	$22.4M	—	as long as short
Binance BNBUSDT	+0.0054%	8h	788.31	+0.009%	$491.9M	$797.2M	75x	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	+0.0054%	8h	788.70	+0.058%	$80.0M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0063%	8h	788.33	+0.011%	$69.0M	$50.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.256%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	789.11	+0.110%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.97	−0.034%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.82	−0.053%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.90	−0.043%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.42	+0.023%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.16	−0.010%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.63	−0.077%	$138.6M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	−0.081%	$53.3M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.10	−0.018%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.75	−0.062%	$35.7M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.63	−0.077%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.44	−0.101%	$76.2M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.17	−0.009%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	+0.022%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.33	+0.138%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.91	+0.085%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.70	−0.068%	$130K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.96	−0.036%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.37	+0.017%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	788.00	−0.030%	$387K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	788.04	−0.026%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.24	0.000%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.38	−0.110%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.77	−0.059%	$378K	$110K	10x	as long as short
dYdX BNB-USD	+0.0121%	1h	788.57	+0.041%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0172%	8h	789.11	+0.110%	$2.9M	$28.7M	10x	as long as short
BloFin BNB-USDT	+0.0174%	8h	788.74	+0.063%	$17.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0234%	1h	788.73	+0.062%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	788.33	+0.011%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.29	+0.006%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.55	−0.087%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.66	+0.054%	$67K	$39K	12x	as long as short
RISEx BNB/USDClong	+0.0431%	1h	788.24	long leg	$1.1M	$891K	20x