Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0395%/8h= +43.3% APRpaid last 24h +0.042%

Price spread now: RISEx against BingX+0.039%7-day average +0.011% · 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−$19as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.142%+$14 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.039%, 7d avg +0.011%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and RISEx is 0.028% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.142% in total (about 14.3% a year). A funding rate is set anew for every payment. 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	BingX BNB-USDC	787.27	0.0037	pay 0.0037% / 8h	2h 49m	—	$13.4M	—
Short	RISEx BNB/USDC	787.58	0.0432	get 0.0054% / 1h	49m 10s	$1.1M	$908K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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 BingXbpFee RISExbpOrdersPrice spread, now +0.039%Rate

Funding earned: $83.03
Price spread: +0.039% → +0.011%: $2.75
Slippage, 4 orders: −$5.63
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $64.16
Costs to cover: 0.216%
Break-even: 1.6 days

Slippage from BingX: live order book, 9 min ago; RISEx: live order book, 5 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 BingX live order book, 9 min ago	0.44 bp	5.6 bp −$6	10.9 bp −$109	28.8 bp −$2,878	75.0 bp −$37.5K
Sell RISEx live order book, 5 min ago	1.71 bp	4.7 bp −$5	8.7 bp −$87	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 −0.0192% / S +0.0356%	1h	787.26	−0.001%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.53	+0.033%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.28	+0.128%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.28	+0.002%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	787.94	+0.086%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.264%	$19K	$789K	30x	as long as short
BingX BNB-USDClong	+0.0037%	8h	787.27	long leg	—	$13.4M	—
MEXC BNB_USDT	+0.0050%	8h	788.20	+0.118%	$79.9M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	787.87	+0.076%	$490.8M	$804.7M	75x	as long as short
Phemex BNBUSDT	+0.0053%	8h	787.86	+0.075%	$68.9M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.29	+0.002%	$2.5M	$1.2M	50x	as long as short
dYdX BNB-USD	+0.0071%	1h	787.06	−0.027%	$159K	$61K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.024%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.48	+0.027%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.33	+0.008%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.003%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.83	+0.071%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.49	+0.029%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.21	−0.008%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.009%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	+0.017%	$52K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−0.003%	$36.1M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.03	−0.030%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.99	−0.036%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.69	+0.053%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.020%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.069%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.86	+0.075%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.25	−0.003%	$132K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.50	+0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.93	+0.084%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.13	−0.017%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.70	+0.055%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.04	−0.030%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.37	+0.012%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.34	+0.009%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0119%	1h	787.50	+0.029%	$387K	$997K	10x	as long as short
Kalshi KXBNBPERP	+0.0131%	8h	787.70	+0.055%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0171%	8h	787.95	+0.086%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0198%	8h	788.06	+0.100%	$2.9M	$29.2M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.78	+0.065%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0260%	1h	788.17	+0.115%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	787.92	+0.083%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.10	−0.021%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0432%	1h	787.58	+0.039%	$1.1M	$908K	20x
Hibachi BNB/USDT-P	+0.0448%	1h	787.74	+0.060%	$67K	$39K	12x	as long as short