BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0250%/8h= +27.3% APRnext payment +$0.31 per $10,000 · paid last 24h −0.010%

Price spread now: RISEx against Backpack+0.028%7-day average −0.126% · 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−$5as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.028%, 7d avg −0.126%

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and RISEx is 0.154% dearer against Backpack than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.126%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.077% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 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	Backpack BNB_USDC_PERP	784.72	0.0100	pay 0.0013% / 1h	19m 36s	$2.2M	$6.1M	40x
Short	RISEx BNB/USDC	784.94	0.0350	get 0.0044% / 1h	19m 36s	$1.1M	$906K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Backpack. 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 BackpackbpFee RISExbpOrdersPrice spread, now +0.028%Rate

Funding earned: $52.4
Price spread: +0.028% → −0.126%: $15.44
Slippage, 4 orders: −$4.67
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $47.17
Costs to cover: 0.207%
Break-even: 0.7 days

Slippage from Backpack: live order book, 5 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 Backpack live order book, 5 min ago	0.06 bp	6.2 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.02 bp	4.0 bp −$4	7.8 bp −$78	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 −0.0168% / S +0.0337%	1h	784.29	−0.055%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.51	−0.027%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.15	−0.073%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	784.50	−0.028%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	784.69	−0.004%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.25	−0.060%	$9.4M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.596%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	784.95	+0.029%	$6.0M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0038%	8h	784.52	−0.025%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.60	+0.112%	$80.8M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0049%	8h	785.01	+0.037%	$487.5M	$819.7M	75x	as long as short
Phemex BNBUSDT	+0.0074%	8h	784.81	+0.011%	$68.5M	$51.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.56	−0.021%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.53	−0.024%	$161K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.60	−0.143%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.92	+0.025%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.66	−0.007%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.24	−0.061%	$138.0M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.20	−0.066%	$53.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	+0.010%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.65	−0.009%	$38.2M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.08	−0.082%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.27	−0.057%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERPlong	+0.0100%	1h	784.72	long leg	$2.2M	$6.1M	40x
Variational Omni BNB	+0.0100%	8h	783.41	−0.167%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	783.84	−0.112%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.61	−0.014%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.11	−0.078%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.12	−0.076%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.17	−0.071%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.64	−0.010%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.40	−0.041%	$386K	$967K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.35	−0.048%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.90	+0.023%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.09	−0.080%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.14	−0.074%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−0.031%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0107%	1h	784.27	−0.058%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	784.71	−0.001%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.57	−0.020%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	784.62	−0.013%	$2.9M	$28.4M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	+0.027%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.35	+0.080%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	783.70	−0.129%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0350%	1h	784.94	+0.028%	$1.1M	$906K	20x
Hibachi BNB/USDT-P	+0.0456%	1h	784.12	−0.076%	$67K	$39K	12x	as long as short