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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 01:00 UTC+0.0330%/8h= +36.1% APRpaid last 24h +0.096%
Price spread now: Reya against GRVT−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 GRVTShort 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 airdropGRVT: Active · Reya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.128% cheaper against GRVT 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 31 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT BNB_USDT_Perp799.730get 0.0000% / 8h7h 12m$3.0M$27.9M10x
ShortReya BNBRUSDPERP798.710.0330get 0.0041% / 1h12m 45s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against GRVT. 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
$69.24
Price spread: −0.128% → 0.000%
−$12.77
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Reya: 3 bp × 2 orders
−$6
Net
$41.47
Costs to cover
0.150%
Break-even
2.8 days
Slippage unknown: GRVT: live order book, 1 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 GRVT live order book, 1 min ago0.31 bp4.8 bp −$56.2 bp −$62206.2 bp −$20.6Kdoesn'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 −0.0159% / S +0.0335%1h799.02−0.089%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.95−0.098%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.50−0.029%$4K$23925xas long as short
GRVT BNB_USDT_Perplong0.0000%8h799.73long leg$3.0M$27.9M10x
StandX BNB-USD0.0000%1h800.28+0.069%$865K$2.9M30xas long as short
Variational Omni BNB+0.0005%8h798.43−0.163%$4.1M$5.0M—as long as short
Gate BNB_USDT+0.0007%8h798.55−0.148%$35.9M$56.9M75xas long as short
BingX BNB-USDC+0.0007%8h798.99−0.093%—$13.3M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.11−0.078%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.670%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0040%8h799.58−0.019%$69.8M$50.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.083%$615K$1.1M50xas long as short
Bybit BNBUSDT+0.0052%8h798.65−0.135%$138.7M$76.1M75xas long as short
Aster BNBUSDT+0.0053%8h799.25−0.060%$6.1M$19.4M200xas long as short
MEXC BNB_USDT+0.0074%8h799.70−0.004%$83.2M$13.7M200xas long as short
Binance BNBUSDT+0.0074%8h799.36−0.046%$496.5M$811.0M75xas long as short
Lighter BNB+0.0096%1h799.00−0.091%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.04+0.039%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h799.15−0.073%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.58−0.019%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.60−0.141%$54.2M$110.9M50xas long as short
Arcus BNB-USD+0.0100%1h799.50−0.029%$53K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.51−0.153%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.44−0.161%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h799.52−0.026%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37−0.045%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.92−0.101%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.16−0.071%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h799.21−0.065%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.67−0.008%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h799.10−0.079%$393K$996K10xas long as short
HTX BNB-USDT+0.0100%8h798.64−0.137%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.93+0.024%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.32−0.176%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h799.12−0.076%$384K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.241%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h799.20−0.067%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0161%8h799.60−0.016%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0194%8h799.67−0.008%$18.1M$2.5M75xas long as short
dYdX BNB-USD+0.0195%1h799.16−0.071%$161K$63K10xas long as short
01 Exchange BNBUSD+0.0200%1h799.42−0.039%$28K$1K10xas long as short
Hyperliquid BNB+0.0291%1h799.69−0.005%$53.2M$20.3M10xas long as short
Hibachi BNB/USDT-P+0.0296%1h799.40−0.041%$68K$38K12xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h799.53−0.026%$1.6M$161K25xas long as short
Reya BNBRUSDPERPshort+0.0330%1h798.71−0.128%$6K$3K40x
Backpack BNB_USDC_PERP+0.0429%1h799.68−0.006%$2.7M$5.7M40xas long as short