Funding you earn now, next payment 07:00 UTC−0.0238%/8h= −26.1% APRnext payment −$0.30 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against RISEx+0.051%7-day average +0.020% · 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−$19as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 4 days (all we have)−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.051%, 7d avg +0.020%
=The price spread pays, funding is against you. Deribit is 0.031% dearer against RISEx than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.020%): +$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 10 hours. At the pace of the last 4 days (−0.094% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BNB/USDC | 787.01 | 0.0438 | pay 0.0055% / 1h | 28m 06s | $1.1M | $915K | 20x |
| Short | Deribit BNB_USDC-PERPETUAL | 787.41 | 0.0200 | get 0.0025% / 1h | 28m 06s | $1.5M | $145K | 25x |
RISEx BNB/USDC
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against RISEx. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.01
- Price spread: +0.051% → +0.020%
- $3.08
- Slippage, 4 orders
- −$9.38
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$69.3
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; Deribit: 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 | 0.63 bp | 3.6 bp −$4 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 1 min ago | 3.11 bp | 6.6 bp −$7 | 11.6 bp −$116 | 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 −0.0170% / S +0.0337% | 1h | 786.96 | −0.007% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.42 | +0.051% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.31 | +0.165% | $850K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.93 | −0.011% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.297% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0051% | 8h | 787.26 | +0.031% | — | $22.3M | — | as long as short |
| Aster BNBUSDT | +0.0051% | 8h | 787.90 | +0.112% | $6.1M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0064% | 8h | 788.10 | +0.138% | $81.1M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0065% | 8h | 787.87 | +0.109% | $490.9M | $817.0M | 75x | as long as short |
| dYdX BNB-USD | +0.0073% | 1h | 786.36 | −0.083% | $159K | $62K | 10x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDT
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0078% | 8h | 787.54 | +0.067% | $68.9M | $51.0M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.67 | +0.083% | $569K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.11 | +0.012% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.90 | −0.015% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.68 | +0.084% | $51.6M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.24 | +0.029% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.17 | +0.020% | $138.5M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.30 | +0.036% | $53.5M | $113.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.00 | −0.002% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.15 | +0.017% | $37.5M | $59.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.70 | −0.040% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.09 | +0.010% | $76.2M | $31.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.49 | +0.060% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.11 | −0.115% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.82 | −0.024% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.63 | −0.049% | $158K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.62 | −0.050% | $131K | $951K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.98 | −0.004% | $265K | $470K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.03 | −0.125% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.59 | +0.073% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.10 | +0.011% | $387K | $982K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.33 | +0.040% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 787.51 | +0.063% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.54 | −0.060% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.01 | 0.000% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 786.26 | −0.096% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0138% | 8h | 787.40 | +0.049% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0185% | 8h | 787.65 | +0.081% | $17.8M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0200% | 1h | 787.41 | +0.051% | $1.5M | $145K | 25x | |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.91 | −0.013% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0229% | 8h | 787.15 | +0.017% | $2.9M | $29.4M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 787.31 | +0.037% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0291% | 1h | 787.29 | +0.035% | $638K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 786.91 | −0.014% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDClong | +0.0438% | 1h | 787.01 | long leg | $1.1M | $915K | 20x | |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 787.49 | +0.060% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P