BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0331%/8h= −36.2% APRnext payment −$0.41 per $10,000 · paid last 24h −0.025%

Price spread now: SoDEX against RISEx−0.067%7-day average −0.004% · 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−$24as in the Price arb table

costs, in and out, $10k−$170.174% of the position

Long on RISEx Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.067%, 7d avg −0.004%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.063% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.090% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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	787.23	0.0432	pay 0.0054% / 1h	45m 18s	$1.1M	$908K	20x
Short	SoDEX BNB-USD	786.70	0.0102	get 0.0013% / 1h	45m 18s	$387K	$997K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$69.46
Price spread: −0.067% → −0.004%: −$6.26
Slippage, 4 orders: −$3.43
Fee RISEx: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$93.15
Costs to cover: 0.174%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; SoDEX: live order book, 13 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	0.76 bp	3.8 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell SoDEX live order book, 13 min ago	0.64 bp	4.6 bp −$5	8.5 bp −$85	82.0 bp −$8,199	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 −0.0192% / S +0.0356%	1h	786.59	−0.082%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.28	+0.007%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.33	+0.013%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.63	−0.076%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	787.27	+0.005%	$6.1M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.269%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0039%	8h	787.04	−0.024%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0051%	8h	787.90	+0.085%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0052%	8h	787.19	−0.005%	$490.3M	$804.4M	75x	as long as short
Phemex BNBUSDT	+0.0053%	8h	787.23	0.000%	$68.9M	$50.6M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0061%	1h	786.99	−0.030%	$159K	$61K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.54	−0.088%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.029%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.72	−0.065%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.63	−0.076%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.85	−0.048%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.38	+0.019%	$51.6M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.11	−0.015%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	−0.080%	$138.2M	$74.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.080%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	−0.016%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.85	−0.048%	$36.2M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.64	−0.075%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.59	−0.081%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.00	−0.029%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.41	−0.104%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.45	+0.028%	$4.1M	$74.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.12	−0.014%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.75	−0.061%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.82	−0.052%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.27	+0.005%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.61	−0.079%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.28	+0.006%	$76K	$17K	50x	as long as short
SoDEX BNB-USDshort	+0.0102%	1h	786.70	−0.067%	$387K	$997K	10x
Extended BNB-USD	+0.0104%	1h	786.39	−0.106%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.78	−0.056%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.34	+0.014%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	787.20	−0.004%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0172%	8h	787.23	0.000%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0200%	8h	787.52	+0.037%	$2.9M	$29.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.10	−0.016%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0260%	1h	788.17	+0.120%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.46	+0.029%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.70	−0.067%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0432%	1h	787.23	long leg	$1.1M	$908K	20x
Hibachi BNB/USDT-P	+0.0456%	1h	786.90	−0.042%	$67K	$39K	12x	as long as short