Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.013%

Price spread now: RISEx against KuCoin+0.068%7-day average +0.018% · 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−$25as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.106%+$11 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.068%, 7d avg +0.018%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.050% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	787.90	0.0100	pay 0.0100% / 8h	5h 47m	$27.7M	$10.4M	75x
Short	RISEx BNB/USDC	788.43	0.0361	get 0.0045% / 1h	47m 42s	$1.1M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.068%Rate

Funding earned: $54.76
Price spread: +0.068% → +0.018%: $4.98
Slippage, 4 orders: −$12.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $29.48
Costs to cover: 0.303%
Break-even: 3.2 days

Slippage from KuCoin: live order book, 6 min ago; RISEx: live order book, 1 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 KuCoin live order book, 6 min ago	0.32 bp	10.6 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.52 bp	4.5 bp −$5	8.3 bp −$83	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	788.10	+0.026%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.48	+0.074%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.39	+0.189%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.14	+0.031%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.182%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	788.58	+0.086%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	790.27	+0.301%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0055%	8h	788.15	+0.032%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0071%	8h	788.82	+0.117%	$69.1M	$51.1M	50x	as long as short
MEXC BNB_USDT	+0.0071%	8h	788.80	+0.114%	$80.3M	$12.4M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0071%	8h	788.76	+0.109%	$493.5M	$805.7M	75x	as long as short
Variational Omni BNB	+0.0073%	8h	789.70	+0.228%	$4.1M	$4.8M	—	as long as short
Gate BNB_USDT	+0.0088%	8h	787.95	+0.006%	$35.2M	$56.7M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.28	+0.049%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.34	+0.056%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.19	+0.037%	$265K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.30	+0.051%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.77	+0.110%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.49	+0.075%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.88	−0.003%	$138.4M	$77.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.00	+0.013%	$53.4M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	+0.063%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	787.90	long leg	$27.7M	$10.4M	75x
Bitget BNBUSDT	+0.0100%	8h	787.77	−0.016%	$76.8M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.58	+0.086%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.77	+0.237%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.95	+0.260%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.06	+0.020%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.35	+0.057%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.76	+0.109%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.22	+0.041%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	788.79	+0.112%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.80	−0.013%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.24	+0.043%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	+0.291%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0120%	8h	790.69	+0.354%	$2.9M	$28.1M	10x	as long as short
SoDEX BNB-USD	+0.0124%	1h	788.40	+0.063%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0181%	8h	788.40	+0.063%	$89K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0241%	1h	788.35	+0.057%	$159K	$64K	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.64	+0.094%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.94	+0.005%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	+0.189%	$639K	$13K	10x	as long as short
RISEx BNB/USDCshort	+0.0361%	1h	788.43	+0.068%	$1.1M	$1.0M	20x
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.64	+0.094%	$1.5M	$152K	25x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.97	+0.136%	$67K	$39K	12x	as long as short