BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0239%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h +0.030%

Price spread now: Bulk against RISEx+0.110%7-day average +0.078% · 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−$10as in the Price arb table

costs, in and out, $10k−$140.135% of the position

Long on RISEx Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.110%, 7d avg +0.078%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.033% dearer against RISEx than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.078%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 4 days funding on this pair paid +0.123%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	789.26	0.0461	pay 0.0058% / 1h	16m 16s	$1.1M	$967K	20x
Short	Bulk BNB-USD	790.13	0.0222	get 0.0028% / 1h	16m 16s	$640K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$50.21
Price spread: +0.110% → +0.078%: $3.28
Slippage, 4 orders: −$0.54
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$60.47
Costs to cover: 0.135%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Bulk: live order book, 43 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, 2 min ago	0.13 bp	3.1 bp −$3	8.1 bp −$81	doesn't fit	doesn't fit
Sell Bulk live order book, 43 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	6.0 bp −$601	15.9 bp −$7,951

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 −0.0188% / S +0.0352%	1h	788.63	−0.079%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.26	0.000%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.11	−0.019%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.61	−0.081%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.006%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	789.26	0.000%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	788.79	−0.059%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0060%	8h	789.31	+0.007%	$69.0M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0060%	8h	789.60	+0.043%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0061%	8h	789.08	−0.022%	$492.4M	$789.8M	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	+0.0064%	1h	789.45	+0.024%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.85	−0.051%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.72	−0.068%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.90	−0.045%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.40	+0.018%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.12	−0.018%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.50	−0.096%	$138.7M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.50	−0.096%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.10	−0.020%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.65	−0.077%	$35.5M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.82	−0.055%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.45	−0.102%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.82	+0.071%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.80	−0.057%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.65	+0.050%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.43	+0.022%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.72	−0.068%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.79	−0.059%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.19	−0.008%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.90	−0.045%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.94	−0.040%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.28	+0.003%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.29	−0.123%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.69	−0.072%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.49	+0.030%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.35	+0.012%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0150%	8h	790.01	+0.096%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	789.90	+0.081%	$125K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0181%	8h	789.84	+0.074%	$18.2M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.09	−0.022%	$1.5M	$143K	25x	as long as short
Bulk BNB-USDshort	+0.0222%	1h	790.13	+0.110%	$640K	$9K	10x
01 Exchange BNBUSD	+0.0232%	1h	789.37	+0.014%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.59	−0.085%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.60	−0.083%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0392%	1h	789.26	+0.001%	$67K	$38K	12x	as long as short
RISEx BNB/USDClong	+0.0461%	1h	789.26	long leg	$1.1M	$967K	20x