BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0441%/8h= +48.3% APRnext payment +$0.55 per $10,000 · paid last 24h +0.013%

Price spread now: Backpack against RISEx+0.106%7-day average +0.121% · 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−$22as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on RISEx Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.106%, 7d avg +0.121%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.121%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.073% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	805.01	0.0209	pay 0.0026% / 1h	8m 10s	$1.1M	$1.4M	20x
Short	Backpack BNB_USDC_PERP	805.86	0.0650	get 0.0081% / 1h	8m 10s	$3.0M	$5.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against RISEx. 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 RISExbpFee BackpackbpOrdersPrice spread, now +0.106%Rate

Funding earned: $92.65
Price spread: +0.106% → +0.121%: −$1.53
Slippage, 4 orders: −$4.41
Fee RISEx: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $70.71
Costs to cover: 0.204%
Break-even: 1.7 days

Slippage from RISEx: live order book, 1 min ago; Backpack: 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 RISEx live order book, 1 min ago	1.37 bp	4.4 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.06 bp	6.6 bp −$7	8.3 bp −$83	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 −0.0195% / S +0.0371%	1h	804.69	−0.039%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.20	+0.024%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.45	+0.055%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.30	+0.036%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.74	−0.033%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.74	−0.033%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.87	−0.018%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.047%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0055%	8h	804.82	−0.023%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.40	−0.076%	$139.6M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.018%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.99	−0.002%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.41	+0.050%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.31	−0.087%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.83	−0.022%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.60	−0.051%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.10	+0.011%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.60	−0.051%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.58	−0.053%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.30	−0.088%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.53	+0.064%	$4.2M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.72	+0.088%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.68	−0.041%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.72	−0.036%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.96	−0.006%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.41	+0.050%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.25	+0.030%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.90	−0.013%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.32	+0.039%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.39	−0.077%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.83	−0.023%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.60	+0.073%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.39	+0.047%	$520.3M	$805.9M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.076%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	805.38	+0.046%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0194%	1h	804.80	−0.026%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0207%	1h	805.33	+0.040%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDClong	+0.0209%	1h	805.01	long leg	$1.1M	$1.4M	20x
BloFin BNB-USDT	+0.0235%	8h	805.33	+0.040%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0238%	1h	804.86	−0.019%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.29	+0.034%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.045%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.49	−0.064%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.64	+0.078%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.015%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERPshort	+0.0650%	1h	805.86	+0.106%	$3.0M	$5.5M	40x