Settings8H · net · $10k
Funding arb · Price arb /

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h −0.041%
Price spread now: RISEx against dYdX+0.028%55s7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$420.419% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.254%−$25 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.028%, 7d avg +0.022%
Together, before fees−0.254%−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.254%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD784.990.0123pay 0.0015% / 1h10m 39s$159K$62K10x
ShortRISEx BNB/USDC785.210.0350get 0.0044% / 1h10m 39s$1.1M$902K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against dYdX. 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

Funding earned
$47.65
Price spread: +0.028% → +0.022%
$0.62
Slippage, 4 orders
−$25.88
Fee dYdX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$6.4
Costs to cover
0.419%
Break-even
6.1 days
Slippage from dYdX: live order book, 28 min ago; RISEx: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 28 min ago10.36 bp15.4 bp −$1524.5 bp −$24538.6 bp −$3,856249.0 bp −$124.5K
Sell RISEx live order book, 3 min ago1.53 bp4.5 bp −$58.2 bp −$82doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0168% / S +0.0337%1h784.88−0.014%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.33+0.043%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h784.96−0.004%$2.5M$1.2M50xas long as short
Kalshi KXBNBPERP0.0000%8h785.60+0.078%$171K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h785.87+0.112%$847K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h784.92−0.008%$9.5M150xas long as short
Aster BNBUSDT+0.0033%8h785.51+0.066%$6.0M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.561%$19K$789K30xas long as short
BingX BNB-USDT+0.0038%8h785.05+0.008%$22.1Mas long as short
MEXC BNB_USDT+0.0048%8h786.20+0.154%$80.9M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0048%8h785.60+0.078%$488.4M$813.8M75xas long as short
Phemex BNBUSDT+0.0076%8h785.54+0.070%$68.6M$51.0M50xas long as short
Lighter BNB+0.0096%1h785.05+0.007%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h785.66+0.085%$158K$35K10xas long as short
Nado BNB-PERP+0.0100%1h784.65−0.043%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h785.41+0.053%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h785.22+0.029%$1.2M$938K20xas long as short
Bybit BNBUSDT+0.0100%8h785.00+0.001%$138.1M$73.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.00+0.001%$53.4M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h785.30+0.039%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h784.85−0.018%$38.4M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.56−0.055%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.84−0.019%$75.3M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.34+0.045%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.65−0.043%$4.0M$4.7Mas long as short
edgeX BNBUSDC+0.0100%4h785.04+0.007%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.82+0.106%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h784.80−0.024%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h784.90−0.011%$264K$388K50xas long as short
Derive BNB-PERP+0.0100%1h785.14+0.019%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.39+0.051%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.00+0.001%$386K$962K10xas long as short
HTX BNB-USDT+0.0100%8h785.37+0.049%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.49+0.064%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.56−0.055%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h784.90−0.012%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h785.03+0.005%$545K$1.9M50xas long as short
dYdX BNB-USDlong+0.0123%1h784.99long leg$159K$62K10x
BloFin BNB-USDT+0.0169%8h785.51+0.066%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0216%8h785.88+0.113%$2.9M$27.9M10xas long as short
Bulk BNB-USD+0.0231%1h784.93−0.008%$636K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h785.57+0.074%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h785.35+0.046%$1.5M$141K25xas long as short
Reya BNBRUSDPERP+0.0320%1h784.63−0.046%$6K$3K40xas long as short
RISEx BNB/USDCshort+0.0350%1h785.21+0.028%$1.1M$902K20x
Hibachi BNB/USDT-P+0.0448%1h785.37+0.049%$67K$39K12xas long as short