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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h +0.001%
Price spread now: BloFin against RISEx+0.010%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$200.196% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.026%−$3 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.010%, 7d avg +0.061%
Together, before fees−0.029%−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.051% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BNB/USDC785.390.0350pay 0.0044% / 1h5m 13s$1.1M$921K20x
ShortBloFin BNB-USDT785.470.0167get 0.0167% / 8h5m 13s$17.7M$2.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$38.24
Price spread: +0.010% → +0.061%
−$5.09
Slippage, 4 orders
−$1.6
Fee RISEx: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$62.93
Costs to cover
0.196%
Break-even
never at this rate
Slippage from RISEx: live order book, 3 min ago; BloFin: live order book, 4 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 RISEx live order book, 3 min ago0.57 bp3.6 bp −$48.8 bp −$88doesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago0.13 bp6.1 bp −$66.7 bp −$6711.4 bp −$1,140doesn'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%1h784.93−0.058%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.40+0.001%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h784.89−0.063%$2.5M$1.2M50xas long as short
Kalshi KXBNBPERP0.0000%8h785.60+0.027%$171K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h785.55+0.021%$847K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h784.99−0.051%$9.5M150xas long as short
Aster BNBUSDT+0.0032%8h785.58+0.024%$6.0M$18.6M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.508%$19K$789K30xas long as short
BingX BNB-USDC+0.0038%8h785.08−0.039%$13.4Mas long as short
MEXC BNB_USDT+0.0047%8h786.40+0.129%$81.1M$12.1M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0047%8h785.48+0.012%$488.4M$813.7M75xas long as short
Phemex BNBUSDT+0.0080%8h785.74+0.045%$68.6M$51.2M50xas long as short
Lighter BNB+0.0096%1h785.14−0.032%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h785.57+0.023%$158K$35K10xas long as short
Nado BNB-PERP+0.0100%1h784.65−0.094%$1.3M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h785.64+0.032%$51.5M$17.6M10xas long as short
Pacifica BNB+0.0100%1h785.11−0.035%$1.2M$937K20xas long as short
Bybit BNBUSDT+0.0100%8h784.88−0.065%$138.1M$73.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.80−0.075%$53.4M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h785.10−0.037%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h785.05−0.043%$38.4M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.78−0.078%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.67−0.092%$75.3M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.19−0.025%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.74−0.082%$4.0M$4.7Mas long as short
edgeX BNBUSDC+0.0100%4h785.11−0.035%$4.1M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.13−0.033%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h784.91−0.061%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.09−0.038%$264K$385K50xas long as short
Derive BNB-PERP+0.0100%1h784.73−0.084%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.40+0.001%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.20−0.024%$386K$959K10xas long as short
HTX BNB-USDT+0.0100%8h785.04−0.045%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.40+0.001%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.71−0.087%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h785.06−0.042%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h785.15−0.030%$544K$1.9M50xas long as short
dYdX BNB-USD+0.0127%1h784.99−0.051%$159K$62K10xas long as short
BloFin BNB-USDTshort+0.0167%8h785.47+0.010%$17.7M$2.2M75x
Deribit BNB_USDC-PERPETUAL+0.0200%1h785.49+0.013%$1.5M$141K25xas long as short
GRVT BNB_USDT_Perp+0.0215%8h785.41+0.003%$2.9M$27.7M10xas long as short
Bulk BNB-USD+0.0237%1h785.14−0.032%$636K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h785.71+0.041%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0320%1h784.78−0.078%$6K$3K40xas long as short
RISEx BNB/USDClong+0.0350%1h785.39long leg$1.1M$921K20x
Hibachi BNB/USDT-P+0.0448%1h785.23−0.020%$67K$39K12xas long as short