BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0338%/8h= −37.0% APRnext payment −$0.42 per $10,000 · paid last 24h −0.034%

Price spread now: Polymarket Perps against RISEx−0.035%68s7-day average −0.023% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.203% of the position

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.124%−$12 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.035%, 7d avg −0.023%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.124% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 per $10,000. 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	788.27	0.0438	pay 0.0055% / 1h	24m 51s	$1.1M	$915K	20x
Short	Polymarket Perps BNB-USD	788.00	0.0100	get 0.0013% / 1h	24m 51s	$132K	$951K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$71.01
Price spread: −0.035% → −0.023%: −$1.15
Slippage, 4 orders: −$6.34
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$92.5
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Polymarket Perps: live order book, 18 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, 4 min ago	0.63 bp	3.6 bp −$4	7.3 bp −$73	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 18 min ago	2.29 bp	6.4 bp −$6	7.6 bp −$76	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	787.63	−0.081%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.85	−0.054%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.35	+0.010%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.94	−0.042%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.133%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0051%	8h	787.71	−0.071%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0052%	8h	788.16	−0.014%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0064%	8h	788.60	+0.042%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	788.04	−0.029%	$490.8M	$818.0M	75x	as long as short
dYdX BNB-USD	+0.0072%	1h	788.07	−0.026%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	788.45	+0.023%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.123%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.85	−0.054%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.51	−0.097%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.31	+0.005%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.77	−0.064%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.45	−0.104%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.098%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	−0.035%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.65	−0.079%	$37.6M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.23	−0.132%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.38	−0.113%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.05	−0.028%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.071%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.92	−0.044%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.27	0.000%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	788.00	−0.035%	$132K	$951K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	787.91	−0.046%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.284%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.38	+0.014%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	−0.035%	$387K	$981K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.81	−0.058%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.17	−0.014%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.21	−0.135%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.88	−0.050%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	788.01	−0.033%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	788.00	−0.035%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	788.46	+0.024%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.27	0.000%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.76	−0.065%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.36	+0.012%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.54	+0.034%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	−0.124%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.81	−0.059%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0438%	1h	788.27	long leg	$1.1M	$915K	20x
Hibachi BNB/USDT-P	+0.0512%	1h	788.08	−0.024%	$67K	$39K	12x	as long as short