Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.015%

Price spread now: SunX against RISEx+0.036%7-day average +0.055% · 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−$56as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on RISEx Short on SunX

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 3 days (all we have)−0.087%−$9 · spread now +0.036%, 7d avg +0.055%

Together, before fees−0.192%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$5 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	801.14	0.0258	pay 0.0032% / 1h	38m 33s	$1.1M	$1.4M	20x
Short	SunX BNB-USDT	801.43	0.0100	get 0.0100% / 8h	38m 33s	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$33.13
Price spread: +0.036% → +0.055%: −$1.89
Slippage, 4 orders: −$39.75
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$88.77
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago	1.12 bp	4.1 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	15.06 bp	23.7 bp −$24	30.7 bp −$307	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 −0.0201% / S +0.0372%	1h	800.67	−0.059%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.45	+0.038%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.51	−0.079%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.157%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.98	+0.104%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.76	−0.048%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	801.45	+0.038%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0048%	8h	800.89	−0.032%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0055%	8h	800.69	−0.057%	$139.0M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.053%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.18	+0.005%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	801.39	+0.031%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.82	−0.041%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.03	−0.014%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.80	−0.043%	$54.5M	$113.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.30	+0.019%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.75	−0.049%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.63	−0.064%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.60	−0.068%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.33	+0.148%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.26	+0.139%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.97	−0.022%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.72	−0.053%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.92	−0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	801.43	+0.036%	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	800.90	−0.031%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.80	+0.082%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.50	+0.044%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.49	−0.082%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.89	−0.031%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.27	+0.016%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.70	+0.069%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0120%	8h	801.67	+0.066%	$500.8M	$817.2M	75x	as long as short
MEXC BNB_USDT	+0.0120%	8h	801.90	+0.094%	$83.4M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	+0.110%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.11	−0.004%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0203%	1h	801.63	+0.061%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	800.91	−0.029%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.36	+0.027%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDClong	+0.0258%	1h	801.14	long leg	$1.1M	$1.4M	20x
Bulk BNB-USD	+0.0305%	1h	801.82	+0.084%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.492%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	800.53	−0.076%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.69	+0.068%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0393%	1h	801.42	+0.034%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0417%	1h	800.76	−0.048%	$161K	$62K	10x	as long as short