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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+0.0296%/8h= +32.5% APRnext payment +$0.37 per $10,000 · paid last 24h +0.070%
Price spread now: Reya against Injective−0.793%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort 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 0.793% cheaper against Injective than usual: you would sell low and buy high (spread −0.793% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$79 on $10k: about 8.9 days of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BNB/USDC PERP805.090.0033pay 0.0004% / 1h12m 40s$19K$789K30x
ShortReya BNBRUSDPERP798.710.0330get 0.0041% / 1h12m 40s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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
$62.24
Price spread: −0.793% → 0.000%
−$79.26
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Reya: 3 bp × 2 orders
−$6
Net
−$23.03
Costs to cover
0.060%
Break-even
9.6 days
Slippage unknown: Injective: 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 Injective no order-book sample—————
Sell Reya no order-book sample—————
Injective 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 −0.0159% / S +0.0335%1h799.02−0.754%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.95−0.763%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.06−0.749%$4K$23925xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.73−0.666%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h800.28−0.597%$865K$2.9M30xas long as short
Gate BNB_USDT+0.0004%8h798.45−0.825%$35.9M$56.9M75xas long as short
Variational Omni BNB+0.0005%8h798.43−0.828%$4.1M$5.0M—as long as short
BingX BNB-USDC+0.0007%8h798.94−0.764%—$13.3M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.11−0.743%$9.7M—150xas long as short
Injective BNB/USDC PERPlong+0.0033%1h805.09long leg$19K$789K30x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0040%8h799.58−0.684%$69.8M$50.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.748%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0052%8h799.34−0.715%$6.1M$19.4M200xas long as short
Bybit BNBUSDT+0.0061%8h798.53−0.815%$138.6M$76.1M75xas long as short
MEXC BNB_USDT+0.0074%8h799.60−0.682%$83.1M$13.7M200xas long as short
Binance BNBUSDT+0.0074%8h799.30−0.719%$496.5M$811.0M75xas long as short
Lighter BNB+0.0096%1h799.00−0.756%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.04−0.627%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h799.15−0.738%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.07−0.748%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.60−0.806%$54.2M$110.8M50xas long as short
Arcus BNB-USD+0.0100%1h798.90−0.769%$53K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.72−0.791%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.37−0.835%$78.2M$28.0M75xas long as short
edgeX BNBUSDC+0.0100%4h799.52−0.691%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37−0.710%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.92−0.766%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.16−0.737%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h799.21−0.730%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.67−0.674%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h799.10−0.744%$393K$996K10xas long as short
HTX BNB-USDT+0.0100%8h798.64−0.802%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.39−0.709%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.47−0.822%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h799.12−0.741%$384K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.905%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.73−0.790%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0161%8h799.60−0.682%$90K$2.8M4.8xas long as short
dYdX BNB-USD+0.0191%1h799.16−0.736%$161K$63K10xas long as short
BloFin BNB-USDT+0.0194%8h799.67−0.673%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0200%1h799.04−0.751%$28K$1K10xas long as short
Hyperliquid BNB+0.0291%1h799.69−0.671%$53.2M$20.3M10xas long as short
Hibachi BNB/USDT-P+0.0296%1h799.40−0.706%$68K$38K12xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h799.53−0.691%$1.6M$161K25xas long as short
Reya BNBRUSDPERPshort+0.0330%1h798.71−0.793%$6K$3K40x
Backpack BNB_USDC_PERP+0.0429%1h799.68−0.672%$2.7M$5.7M40xas long as short