BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.062%

Price spread now: Reya against Arcus−0.032%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.032% cheaper against Arcus than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$7 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	786.80	0.0100	pay 0.0013% / 1h	41m 34s	$52K	$129K	10x
Short	Reya BNBRUSDPERP	786.55	0.0321	get 0.0040% / 1h	41m 34s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Arcus. 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 ArcusbpFee ReyabpOrdersPrice spread, now −0.032%Rate

Funding earned: $46.36
Price spread: −0.032% → 0.000%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Reya: 3 bp × 2 orders: −$6
Net: $32.63
Costs to cover: 0.105%
Break-even: 2.1 days

Slippage unknown: Arcus: live order book, 61 min ago; Reya: no order-book sample. Net counts fees only.

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 Arcus live order book, 61 min ago	2.54 bp	7.4 bp −$7	26.6 bp −$266	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0168% / S +0.0337%	1h	786.65	−0.019%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.89	+0.011%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.66	−0.018%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.35	+0.070%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.64	−0.020%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.325%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0044%	8h	786.65	−0.019%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0045%	8h	787.13	+0.042%	$6.0M	$18.9M	200x	as long as short
MEXC BNB_USDT	+0.0055%	8h	787.80	+0.127%	$81.0M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0055%	8h	787.12	+0.041%	$489.4M	$821.6M	75x	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	+0.0058%	1h	786.54	−0.033%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0077%	8h	787.26	+0.058%	$68.8M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.76	−0.006%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.73	+0.118%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.40	−0.051%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.24	+0.056%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.79	−0.001%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.56	−0.031%	$138.4M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	−0.051%	$53.6M	$113.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	786.80	long leg	$52K	$129K	10x
Gate BNB_USDT	+0.0100%	8h	786.55	−0.032%	$38.3M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.18	−0.079%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.23	−0.072%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.07	+0.034%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.025%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.08	+0.035%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.25	+0.057%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.65	−0.019%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	−0.018%	$264K	$430K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.70	−0.012%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.67	−0.016%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	0.000%	$387K	$974K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.59	−0.026%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.09	+0.036%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.19	−0.077%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.72	−0.010%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.37	−0.055%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	786.90	+0.013%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0175%	8h	787.18	+0.048%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0210%	1h	786.98	+0.023%	$638K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0225%	8h	787.62	+0.105%	$2.9M	$28.7M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.12	+0.041%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.10	+0.039%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERPshort	+0.0321%	1h	786.55	−0.032%	$6K	$3K	40x
RISEx BNB/USDC	+0.0350%	1h	786.86	+0.008%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	786.91	+0.014%	$67K	$39K	12x	as long as short