Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.014%

Price spread now: KuCoin against RISEx−0.035%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.106%−$11 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.035%, 7d avg −0.018%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	792.78	0.0131	pay 0.0016% / 1h	35m 39s	$1.1M	$1.3M	20x
Short	KuCoin BNBUSDTM	792.51	0.0100	get 0.0100% / 8h	6h 35m	$27.6M	$10.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$6.58
Price spread: −0.035% → −0.018%: −$1.65
Slippage, 4 orders: −$13.8
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$40.03
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago	1.33 bp	4.3 bp −$4	8.8 bp −$88	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	0.69 bp	10.3 bp −$10	17.1 bp −$171	49.7 bp −$4,969	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 −0.0167% / S +0.0335%	1h	792.62	−0.020%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.66	−0.016%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.06	+0.035%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.44	+0.083%	$857K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.59	−0.024%	$9.7M	—	150x	as long as short
Gate BNB_USDT	+0.0012%	8h	792.50	−0.036%	$35.3M	$55.7M	75x	as long as short
Variational Omni BNB	+0.0021%	8h	792.33	−0.058%	$4.0M	$4.9M	—	as long as short
GRVT BNB_USDT_Perp	+0.0030%	8h	792.17	−0.078%	$2.9M	$28.5M	10x	as long as short
Aster BNBUSDT	+0.0032%	8h	793.27	+0.061%	$6.1M	$19.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.552%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0049%	8h	792.30	−0.061%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0053%	1h	792.47	−0.039%	$160K	$63K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.204%	$607K	$1.1M	50x	as long as short
Phemex BNBUSDT	+0.0057%	8h	793.31	+0.066%	$69.4M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0061%	8h	793.40	+0.078%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.26	+0.060%	$493.5M	$814.6M	75x	as long as short
Phoenix BNB	+0.0088%	1h	793.58	+0.100%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	792.81	+0.003%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.71	−0.009%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.56	−0.029%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	793.19	+0.051%	$52.0M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	792.93	+0.018%	$1.2M	$926K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	792.47	−0.040%	$138.2M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.40	−0.048%	$53.1M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.90	+0.015%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	792.51	−0.035%	$27.6M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	792.50	−0.036%	$77.2M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.74	−0.132%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	792.25	−0.067%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.60	−0.023%	$111K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.89	+0.013%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.41	+0.079%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.80	+0.002%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.72	−0.134%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	792.99	+0.026%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.23	−0.071%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.60	−0.023%	$381K	$110K	10x	as long as short
RISEx BNB/USDClong	+0.0131%	1h	792.78	long leg	$1.1M	$1.3M	20x
Kalshi KXBNBPERP	+0.0162%	8h	792.80	+0.002%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.023%	$642K	$16K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.161%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	793.35	+0.071%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.31	−0.060%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0395%	1h	793.47	+0.086%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0500%	1h	793.26	+0.059%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	792.33	−0.057%	$68K	$38K	12x	as long as short