Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0378%/8h= −41.4% APRpaid last 24h −0.027%

Price spread now: MEXC against RISEx+0.043%7-day average +0.188% · 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−$30as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.136%−$14 on $10k

Price spread, last 7 days+0.126%+$13 · spread now +0.043%, 7d avg +0.188%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and MEXC is 0.144% cheaper against RISEx than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.188%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.136% in total (about -13.6% a year). A funding rate is set anew for every payment. 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	784.26	0.0432	pay 0.0054% / 1h	26m 24s	$1.1M	$905K	20x
Short	MEXC BNB_USDT	784.60	0.0054	get 0.0054% / 8h	2h 26m	$79.5M	$11.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$79.46
Price spread: +0.043% → +0.188%: −$14.42
Slippage, 4 orders: −$5.94
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$109.82
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; MEXC: live order book, 3 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	1.66 bp	4.7 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.64 bp	4.0 bp −$4	7.0 bp −$70	17.7 bp −$1,765	32.0 bp −$16.0K

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 −0.0192% / S +0.0356%	1h	783.15	−0.141%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	783.99	−0.034%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	784.86	+0.076%	$846K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.37	−0.113%	$9.4M	—	150x	as long as short
Aster BNBUSDT	+0.0031%	8h	784.29	+0.004%	$6.0M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.656%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0042%	8h	783.99	−0.034%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0054%	8h	784.04	−0.028%	$68.6M	$50.5M	50x	as long as short
MEXC BNB_USDTshort	+0.0054%	8h	784.60	+0.043%	$79.5M	$11.9M	200x
Binance BNBUSDT	+0.0055%	8h	784.43	+0.022%	$488.6M	$810.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	783.56	−0.089%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	783.79	−0.060%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	783.69	−0.072%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.43	−0.106%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.55	−0.091%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.35	+0.011%	$51.3M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	783.90	−0.046%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	783.80	−0.059%	$137.7M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.60	−0.084%	$53.3M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.10	−0.020%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.85	−0.052%	$36.4M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.31	−0.121%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.53	−0.093%	$75.9M	$30.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	783.93	−0.042%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	−0.017%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.32	+0.135%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.72	+0.186%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.72	−0.069%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	783.49	−0.098%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.54	+0.036%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	783.60	−0.084%	$385K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	783.45	−0.104%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.19	−0.009%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.53	−0.093%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	783.73	−0.068%	$376K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.13	+0.111%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0146%	8h	784.20	−0.008%	$154K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0170%	1h	783.67	−0.076%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0174%	8h	784.07	−0.024%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0208%	8h	785.52	+0.161%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	784.57	+0.040%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.182%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	783.88	−0.049%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	783.56	−0.089%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0432%	1h	784.26	long leg	$1.1M	$905K	20x
Hibachi BNB/USDT-P	+0.0504%	1h	783.85	−0.052%	$67K	$39K	12x	as long as short