Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.023%

Price spread now: RISEx against Bybit+0.421%7-day average +0.032% · 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+$18as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 7 days−0.350%−$35 · spread now +0.421%, 7d avg +0.032%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.389% dearer against Bybit than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	790.46	0.0100	pay 0.0100% / 8h	6h 16m	$138.7M	$77.0M	75x
Short	RISEx BNB/USDC	793.79	0.0131	get 0.0016% / 1h	16m 29s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now +0.421%Rate

Funding earned: $6.58
Price spread: +0.421% → +0.032%: $38.88
Slippage, 4 orders: −$3.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $24.63
Costs to cover: 0.208%
Break-even: from the start

Slippage from Bybit: live order book, 3 min ago; RISEx: 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 Bybit live order book, 3 min ago	0.63 bp	6.1 bp −$6	8.5 bp −$85	24.1 bp −$2,408	156.7 bp −$78.4K
Sell RISEx live order book, 2 min ago	0.94 bp	3.9 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	793.12	+0.336%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.36	+0.367%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.71	+0.411%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.94	+0.440%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.70	+0.030%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.851%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	793.50	+0.384%	$6.1M	$19.8M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.461%	$4.1M	$4.9M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	793.89	+0.434%	$69.4M	$50.7M	50x	as long as short
BingX BNB-USDC	+0.0050%	8h	790.77	+0.039%	—	$13.4M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.641%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.40	+0.372%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	791.10	+0.081%	$492.1M	$811.3M	75x	as long as short
Gate BNB_USDT	+0.0068%	8h	792.30	+0.233%	$35.3M	$56.6M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0069%	8h	793.89	+0.434%	$3.0M	$28.4M	10x	as long as short
dYdX BNB-USD	+0.0081%	1h	792.96	+0.316%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.20	+0.473%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.56	+0.392%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.43	−0.004%	$382K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.30	+0.359%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	793.40	+0.372%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.66	+0.405%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	790.46	long leg	$138.7M	$77.0M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	790.20	−0.033%	$53.4M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.60	+0.397%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.66	+0.278%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.60	+0.271%	$77.2M	$28.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.72	+0.412%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.68	+0.407%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.35	+0.366%	$141K	$917K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.37	+0.368%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.80	+0.423%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.40	+0.372%	$390K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.97	+0.317%	$8.1M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.95	+0.442%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.00	+0.321%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.42	+0.375%	$381K	$110K	10x	as long as short
RISEx BNB/USDCshort	+0.0131%	1h	793.79	+0.421%	$1.1M	$1.1M	20x
Kalshi KXBNBPERP	+0.0155%	8h	793.50	+0.385%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.449%	$643K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	794.09	+0.459%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.73	+0.414%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	792.52	+0.261%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	794.06	+0.455%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	793.63	+0.401%	$68K	$38K	12x	as long as short