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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0234%/8h= +25.6% APRnext payment +$0.29 per $10,000 · paid last 24h +0.048%
Price spread now: Reya against Deribit−0.128%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Reya
What this pair did over the last
the charts below follow
Funding, last 3 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 0.128% cheaper against Deribit than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 44 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BNB_USDC-PERPETUAL805.690.0100pay 0.0013% / 1h26m 35s$1.6M$165K25x
ShortReya BNBRUSDPERP804.660.0334get 0.0042% / 1h26m 35s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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

Funding earned
$49.18
Price spread: −0.128% → 0.000%
−$12.83
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
$23.34
Costs to cover
0.130%
Break-even
3.7 days
Slippage unknown: Deribit: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 2 min ago1.93 bp7.9 bp −$813.0 bp −$130doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.07−0.077%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.10−0.074%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.60−0.135%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.30−0.049%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.43−0.157%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.12−0.071%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h805.17−0.065%$2.5M$908K50xas long as short
Variational Omni BNB+0.0049%8h803.71−0.246%$4.0M$5.4M—as long as short
BingX BNB-USDT+0.0052%8h805.51−0.023%—$34.5M—as long as short
Bybit BNBUSDT+0.0075%8h805.15−0.068%$139.6M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.111%$609K$879K50xas long as short
Aster BNBUSDT+0.0092%8h806.05+0.044%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h805.79+0.012%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h804.71−0.122%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.68−0.002%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.40−0.037%$55.2M$115.8M50xas long as short
Arcus BNB-USD+0.0100%1h805.80+0.013%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h805.35−0.043%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.35−0.043%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.04−0.081%$79.2M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.62−0.134%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.73−0.120%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.89−0.100%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.15−0.068%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h805.32−0.046%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.61−0.011%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUALlong+0.0100%1h805.69long leg$1.6M$165K25x
HTX BNB-USDT+0.0100%8h804.63−0.132%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.16+0.058%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.11−0.072%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.23−0.057%$387K$40K10xas long as short
MEXC BNB_USDT+0.0108%8h806.40+0.088%$84.6M$13.6M200xas long as short
Binance BNBUSDT+0.0109%8h806.31+0.076%$520.2M$803.5M75xas long as short
Phoenix BNB+0.0125%1h804.63−0.132%$173K$35K10xas long as short
Phemex BNBUSDT+0.0125%8h805.63−0.008%$70.3M$51.7M50xas long as short
Hyperliquid BNB+0.0169%1h806.09+0.049%$51.8M$21.3M10xas long as short
SoDEX BNB-USD+0.0190%1h805.20−0.061%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.168%$650K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h805.79+0.011%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0229%8h805.82+0.016%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.39−0.162%$71K$48K12xas long as short
dYdX BNB-USD+0.0267%1h805.64−0.007%$170K$55K10xas long as short
Reya BNBRUSDPERPshort+0.0334%1h804.66−0.128%$6K$3K40x
01 Exchange BNBUSD+0.0336%1h806.41+0.089%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.100%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0650%1h806.25+0.069%$3.0M$5.5M40xas long as short