Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.034%

Price spread now: RISEx against Gate−0.005%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.134%+$13 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.005%, 7d avg +0.015%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.020% cheaper against Gate than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.015%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.134% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	786.80	0.0100	pay 0.0100% / 8h	1h 00m	$38.0M	$59.6M	75x
Short	RISEx BNB/USDC	786.76	0.0438	get 0.0055% / 1h	0m 16s	$1.1M	$915K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now −0.005%Rate

Funding earned: $71.01
Price spread: −0.005% → +0.015%: −$2.03
Slippage, 4 orders: −$5.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $42.66
Costs to cover: 0.263%
Break-even: 2.8 days

Slippage from Gate: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	0.32 bp	9.6 bp −$10	13.1 bp −$131	28.1 bp −$2,807	57.2 bp −$28.6K
Sell RISEx live order book, 3 min ago	0.89 bp	3.9 bp −$4	7.4 bp −$74	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 −0.0170% / S +0.0337%	1h	786.71	−0.011%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.78	−0.003%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	+0.131%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.71	−0.012%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.325%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0047%	8h	786.94	+0.018%	—	$22.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	787.20	+0.051%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0057%	8h	788.00	+0.153%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	787.29	+0.062%	$489.3M	$821.2M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	786.64	−0.020%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	787.38	+0.074%	$68.8M	$51.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	+0.080%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.93	+0.017%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.05	−0.095%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.34	+0.069%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.50	−0.038%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	−0.025%	$138.4M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−0.038%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.013%	$52K	$129K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	786.80	long leg	$38.0M	$59.6M	75x
KuCoin BNBUSDTM	+0.0100%	8h	786.24	−0.071%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.57	−0.029%	$76.7M	$31.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.65	−0.019%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.113%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.27	+0.060%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.69	+0.113%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.60	−0.025%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.78	−0.003%	$265K	$454K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	+0.032%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.78	−0.003%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.90	+0.013%	$387K	$976K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.64	−0.020%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.89	+0.012%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.35	−0.058%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.79	−0.001%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	787.00	+0.025%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.122%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	786.92	+0.015%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.22	+0.054%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.71	−0.012%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.38	+0.074%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	+0.010%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.10	+0.038%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.41	−0.049%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0438%	1h	786.76	−0.005%	$1.1M	$915K	20x
Hibachi BNB/USDT-P	+0.0464%	1h	786.61	−0.025%	$67K	$39K	12x	as long as short