BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.013%

Price spread now: RISEx against Arcus+0.011%7-day average −0.075% · 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−$16as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.011%, 7d avg −0.075%

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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.086% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.075%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.045% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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	Arcus BNB-USD	789.30	0.0100	pay 0.0013% / 1h	39m 26s	$52K	$130K	10x
Short	RISEx BNB/USDC	789.39	0.0461	get 0.0058% / 1h	39m 26s	$1.1M	$973K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Arcus. 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 ArcusbpFee RISExbpOrdersPrice spread, now +0.011%Rate

Funding earned: $75.73
Price spread: +0.011% → −0.075%: $8.57
Slippage, 4 orders: −$13.71
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $60.09
Costs to cover: 0.242%
Break-even: 1.4 days

Slippage from Arcus: live order book, 19 min ago; RISEx: live order book, 4 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 Arcus live order book, 19 min ago	3.16 bp	9.0 bp −$9	29.7 bp −$297	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.32 bp	3.3 bp −$3	7.0 bp −$70	doesn't fit	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 −0.0184% / S +0.0349%	1h	789.17	−0.016%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.56	+0.033%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.05	+0.095%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.06	−0.030%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.001%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	789.68	+0.048%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.27	−0.004%	—	$34.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.019%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.00	+0.089%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.72	+0.053%	$492.9M	$788.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0069%	8h	789.96	+0.084%	$69.1M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.49	+0.024%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.00	−0.038%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	−0.025%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.74	+0.056%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.49	+0.024%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.78	−0.066%	$138.7M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−0.089%	$53.4M	$111.0M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	789.30	long leg	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	789.00	−0.038%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.96	−0.043%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.80	−0.063%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.67	+0.047%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.90	−0.050%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.111%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.91	+0.077%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.08	−0.028%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.67	+0.047%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.13	+0.105%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.60	+0.038%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.71	+0.052%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.76	+0.059%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.55	−0.095%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.58	+0.035%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	+0.011%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0125%	1h	789.65	+0.044%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.99	+0.087%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	790.30	+0.127%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	790.09	+0.100%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.57	+0.034%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	−0.033%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.061%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.00	+0.088%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.80	−0.063%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0461%	1h	789.39	+0.011%	$1.1M	$973K	20x
Hibachi BNB/USDT-P	+0.0472%	1h	789.96	+0.084%	$67K	$38K	12x	as long as short