Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.065%

Price spread now: Reya against HTX−0.022%47s7-day average — · you buy dearer than you sell

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

Long on HTX Short 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 0.022% cheaper against HTX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). The two prices were read 47 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	HTX BNB-USDT	802.90	0.0100	pay 0.0100% / 8h	53m 24s	$8.2M	$7.9M	75x
Short	Reya BNBRUSDPERP	802.72	0.0332	get 0.0042% / 1h	53m 24s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now −0.022%Rate

Funding earned: $48.72
Price spread: −0.022% → 0.000%: −$2.22
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $28.5
Costs to cover: 0.180%
Break-even: 2.9 days

Slippage unknown: HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 1 min ago	2.26 bp	8.3 bp −$8	11.5 bp −$115	40.8 bp −$4,078	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 −0.0201% / S +0.0372%	1h	802.65	−0.030%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.26	+0.045%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.80	−0.012%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.91	+0.001%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.25	+0.044%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.05	+0.019%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	801.64	−0.157%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	803.09	+0.024%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	802.81	−0.011%	$139.5M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.271%	$607K	$998K	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	802.85	−0.006%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.80	−0.012%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.97	+0.009%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.90	0.000%	$54.8M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.50	+0.075%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.85	−0.006%	$35.9M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.96	+0.008%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.76	−0.017%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.03	+0.016%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.61	−0.036%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.09	+0.024%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.74	−0.020%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.91	+0.002%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.21	+0.039%	$13K	$1.7M	50x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	802.90	long leg	$8.2M	$7.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	803.41	+0.064%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	802.49	−0.051%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.06	+0.020%	$386K	$40K	10x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.59	+0.086%	$6.4M	$18.9M	200x	as long as short
Phemex BNBUSDT	+0.0114%	8h	803.38	+0.060%	$70.2M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	802.20	−0.087%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0123%	8h	804.10	+0.150%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.86	+0.119%	$502.8M	$818.3M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.21	+0.039%	$173K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0234%	1h	802.90	0.000%	$395K	$1.0M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	803.22	+0.040%	$18.2M	$2.6M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.88	−0.003%	$71K	$49K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	803.38	+0.060%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.218%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.21	+0.039%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.273%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0310%	1h	803.89	+0.123%	$52.0M	$21.3M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0314%	1h	803.58	+0.085%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERPshort	+0.0332%	1h	802.72	−0.022%	$6K	$3K	40x
01 Exchange BNBUSD	+0.0432%	1h	803.95	+0.131%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0498%	1h	802.23	−0.083%	$162K	$62K	10x	as long as short