Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.016%

Price spread now: RISEx against Bitget+0.037%7-day average +0.047% · 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−$22as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 7 days+0.045%+$4 · spread now +0.037%, 7d avg +0.047%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	798.29	0.0100	pay 0.0100% / 8h	7h 29m	$78.7M	$27.3M	75x
Short	RISEx BNB/USDC	798.59	0.0155	get 0.0019% / 1h	29m 14s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now +0.037%Rate

Funding earned: $11.52
Price spread: +0.037% → +0.047%: −$0.95
Slippage, 4 orders: −$3.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$10.86
Costs to cover: 0.214%
Break-even: 13.6 days

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.06 bp	7.4 bp −$7	11.1 bp −$111	24.9 bp −$2,494	doesn't fit
Sell RISEx live order book, 5 min ago	0.69 bp	3.7 bp −$4	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 −0.0159% / S +0.0334%	1h	798.52	+0.029%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.29	+0.001%	$2.5M	$965K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.83	+0.068%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0028%	8h	798.76	+0.059%	—	$13.4M	—	as long as short
Bybit BNBUSDT	−0.0024%	8h	798.20	−0.011%	$138.6M	$75.0M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.48	+0.149%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.24	+0.119%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0003%	8h	798.43	+0.017%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.55	+0.033%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0019%	8h	799.07	+0.098%	$69.8M	$50.3M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.852%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.055%	$602K	$972K	50x	as long as short
Gate BNB_USDT	+0.0053%	8h	798.35	+0.008%	$35.7M	$56.2M	75x	as long as short
Aster BNBUSDT	+0.0060%	8h	799.08	+0.099%	$6.2M	$19.1M	200x	as long as short
Binance BNBUSDT	+0.0083%	8h	799.00	+0.089%	$495.8M	$806.1M	75x	as long as short
MEXC BNB_USDT	+0.0083%	8h	799.60	+0.164%	$83.1M	$13.6M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.76	+0.059%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.91	+0.078%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.45	+0.020%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.71	+0.053%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.40	+0.014%	$54.1M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.80	+0.064%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.40	+0.014%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	798.29	long leg	$78.7M	$27.3M	75x
edgeX BNBUSDC	+0.0100%	4h	799.33	+0.131%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.10	+0.101%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.43	+0.018%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.46	+0.021%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.61	+0.041%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.32	+0.129%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.70	+0.051%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.75	+0.057%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.03	+0.093%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.13	−0.020%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.52	+0.029%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.175%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.00	+0.089%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDCshort	+0.0155%	1h	798.59	+0.037%	$1.1M	$1.4M	20x
Hibachi BNB/USDT-P	+0.0176%	1h	798.70	+0.051%	$69K	$38K	12x	as long as short
BloFin BNB-USDT	+0.0203%	8h	799.12	+0.104%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	799.07	+0.098%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0232%	1h	798.94	+0.081%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.00	+0.089%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0307%	1h	799.33	+0.130%	$53.1M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.16	−0.016%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	799.62	+0.167%	$2.7M	$5.6M	40x	as long as short