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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0396%/8h= +43.3% APRpaid last 24h +0.016%
Price spread now: RISEx against MEXC−0.040%7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$160.160% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.125%+$12 on $10k
Price spread, last 7 days−0.148%−$15 · spread now −0.040%, 7d avg −0.189%
Together, before fees−0.024%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and RISEx is 0.148% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.189%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.125% in total (about 12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BNB_USDT789.800.0065pay 0.0065% / 8h4h 37m$80.1M$12.3M200x
ShortRISEx BNB/USDC789.480.0461get 0.0058% / 1h37m 11s$1.1M$973K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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
$83.08
Price spread: −0.040% → −0.189%
$14.84
Slippage, 4 orders
−$6.01
Fee MEXC: 2 bp × 2 orders
−$4
Fee RISEx: 3 bp × 2 orders
−$6
Net
$81.91
Costs to cover
0.160%
Break-even
0.1 days
Slippage from MEXC: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago1.27 bp4.2 bp −$48.9 bp −$8925.8 bp −$2,58443.2 bp −$21.6K
Sell RISEx live order book, 1 min ago1.27 bp4.3 bp −$48.5 bp −$85doesn'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 −0.0185% / S +0.0350%1h789.01−0.101%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h789.81+0.001%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.98+0.023%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.00−0.101%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.936%$19K$789K30xas long as short
Aster BNBUSDT+0.0040%8h789.61−0.024%$6.1M$18.7M200xas long as short
BingX BNB-USDC+0.0054%8h789.23−0.072%$13.4Mas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.044%$582K$1.9M50xas long as short
MEXC BNB_USDTlong+0.0065%8h789.80long leg$80.1M$12.3M200x
Phemex BNBUSDT+0.0066%8h789.70−0.013%$69.1M$49.9M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0066%8h789.70−0.013%$492.9M$788.9M75xas long as short
Lighter BNB+0.0096%1h789.22−0.073%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.06−0.094%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h788.32−0.187%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.61−0.024%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.48−0.040%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h788.81−0.125%$138.7M$74.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.00−0.101%$53.3M$111.1M50xas long as short
Arcus BNB-USD+0.0100%1h789.60−0.025%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h788.90−0.114%$35.4M$56.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.89−0.115%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.62−0.149%$76.3M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.40−0.051%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.90−0.113%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h789.70−0.013%$4.1M$73.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.35−0.057%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.98−0.104%$133K$950K10xas long as short
Derive BNB-PERP+0.0100%1h789.17−0.080%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.72−0.010%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.20−0.076%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h788.81−0.126%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h790.05+0.032%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.65−0.145%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.08−0.091%$379K$110K10xas long as short
Phoenix BNB+0.0117%1h789.39−0.052%$170K$35K10xas long as short
dYdX BNB-USD+0.0127%1h789.74−0.008%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0137%8h789.99+0.024%$2.9M$28.2M10xas long as short
Kalshi KXBNBPERP+0.0180%8h789.70−0.013%$124K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0186%8h789.67−0.016%$18.1M$2.2M75xas long as short
01 Exchange BNBUSD+0.0224%1h789.62−0.023%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h788.97−0.105%$2.5M$1.2M50xas long as short
Bulk BNB-USD+0.0272%1h789.78−0.003%$640K$9K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h789.51−0.036%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0326%1h788.50−0.164%$6K$3K40xas long as short
RISEx BNB/USDCshort+0.0461%1h789.48−0.040%$1.1M$973K20x
Hibachi BNB/USDT-P+0.0464%1h789.71−0.011%$67K$38K12xas long as short