BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0405%/8h= +44.4% APRnext payment +$0.51 per $10,000 · paid last 24h +0.046%

Price spread now: Reya against Kraken Futures−0.087%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 0.087% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 17 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	798.90	−0.0074	get 0.0009% / 1h	26m 49s	$2.5M	$972K	50x
Short	Reya BNBRUSDPERP	798.20	0.0331	get 0.0041% / 1h	26m 49s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.087%Rate

Funding earned: $85.12
Price spread: −0.087% → 0.000%: −$8.68
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $60.45
Costs to cover: 0.160%
Break-even: 2.0 days

Slippage unknown: Kraken Futures: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 2 min ago	4.07 bp	11.4 bp −$11	14.1 bp −$141	31.6 bp −$3,159	113.2 bp −$56.6K
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	798.93	+0.005%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.35	+0.057%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0074%	1h	798.90	long leg	$2.5M	$972K	50x
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.173%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.95	+0.132%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.97	+0.009%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0017%	8h	799.36	+0.058%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0038%	8h	799.04	+0.018%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0045%	8h	798.50	−0.050%	$138.5M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.124%	$606K	$989K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0092%	8h	799.42	+0.066%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.22	+0.041%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.44	−0.057%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.88	−0.001%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.60	−0.037%	$54.3M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.10	+0.026%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.85	−0.006%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.94	+0.006%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.43	−0.058%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.89	+0.125%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.17	+0.159%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.64	−0.032%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.95	+0.007%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.23	+0.042%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.28	+0.049%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.10	+0.026%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.39	+0.062%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.95	+0.006%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.38	+0.061%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.56	−0.043%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.13	+0.029%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	799.58	+0.086%	$69.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0113%	8h	800.00	+0.138%	$83.0M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0113%	8h	799.43	+0.067%	$499.2M	$816.0M	75x	as long as short
Kalshi KXBNBPERP	+0.0121%	8h	799.30	+0.051%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.153%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	799.53	+0.079%	$70K	$43K	12x	as long as short
Hyperliquid BNB	+0.0179%	1h	799.50	+0.076%	$51.8M	$21.1M	10x	as long as short
BloFin BNB-USDT	+0.0233%	8h	799.57	+0.084%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.142%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.02	+0.016%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	799.50	+0.076%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.775%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERPshort	+0.0331%	1h	798.20	−0.087%	$6K	$3K	40x
dYdX BNB-USD	+0.0387%	1h	799.32	+0.053%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0403%	1h	799.97	+0.134%	$2.7M	$5.7M	40x	as long as short