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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.070%
Price spread now: Reya against Derive−0.075%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeriveShort 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 0.075% cheaper against Derive than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP806.130.0100pay 0.0013% / 1h37m 21s$32K$5K10x
ShortReya BNBRUSDPERP805.520.0333get 0.0042% / 1h37m 21s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Derive. 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
$48.93
Price spread: −0.075% → 0.000%
−$7.48
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Reya: 3 bp × 2 orders
−$6
Net
$29.45
Costs to cover
0.120%
Break-even
2.8 days
Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample—————
Sell Reya no order-book sample—————
Derive and 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 −0.0201% / S +0.0372%1h805.95−0.022%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.63+0.063%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.76+0.079%$3.0M$29.1M10xas long as short
Kalshi KXBNBPERP0.0000%8h807.00+0.109%$106K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.55+0.053%$872K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.90−0.028%$9.8M—150xas long as short
Variational Omni BNB+0.0044%8h806.56+0.054%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0058%8h806.02−0.013%—$34.5M—as long as short
Bybit BNBUSDT+0.0083%8h805.60−0.065%$139.5M$81.1M75xas long as short
Lighter BNB+0.0096%1h806.41+0.035%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.073%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h805.85−0.034%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.35+0.028%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.80−0.040%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h806.60+0.059%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.90−0.028%$36.1M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.58−0.068%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.46−0.083%$78.7M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h807.06+0.116%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.65+0.065%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.73−0.049%$116K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.93−0.024%$389K$592K50xas long as short
Derive BNB-PERPlong+0.0100%1h806.13long leg$32K$5K10x
SunX BNB-USDT+0.0100%8h806.51+0.048%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h806.07−0.007%$8.2M$7.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.77+0.081%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.56−0.070%$1.9M$6.0M50xas long as short
Hibachi BNB/USDT-P+0.0104%1h806.80+0.083%$71K$48K12xas long as short
Aevo BNB-PERP+0.0104%1h806.07−0.007%$387K$40K10xas long as short
Aster BNBUSDT+0.0107%8h806.75+0.078%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0122%8h806.90+0.096%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0123%8h806.54+0.051%$520.7M$804.1M75xas long as short
Phemex BNBUSDT+0.0135%8h806.53+0.050%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h807.20+0.133%$173K$35K10xas long as short
SoDEX BNB-USD+0.0180%1h806.10−0.003%$397K$1.0M10xas long as short
dYdX BNB-USD+0.0201%1h806.57+0.055%$163K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.91−0.026%$2.5M$930K50xas long as short
Hyperliquid BNB+0.0232%1h806.76+0.079%$52.2M$21.9M10xas long as short
BloFin BNB-USDT+0.0242%8h806.92+0.099%$18.8M$2.6M75xas long as short
Bulk BNB-USD+0.0295%1h807.66+0.190%$652K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.39+0.032%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.128%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.35+0.028%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERPshort+0.0333%1h805.52−0.075%$6K$3K40x
01 Exchange BNBUSD+0.0352%1h806.85+0.090%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0695%1h807.41+0.159%$3.0M$5.5M40xas long as short