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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 23:00 UTC+0.0206%/8h= +22.5% APRpaid last 24h +0.062%
Price spread now: Reya against Phemex−0.124%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhemexShort 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 0.124% cheaper against Phemex than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.0 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT802.120.0127pay 0.0127% / 8h1h 29m$70.0M$51.7M50x
ShortReya BNBRUSDPERP801.120.0333get 0.0042% / 1h29m 22s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Phemex. 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
$43.2
Price spread: −0.124% → 0.000%
−$12.43
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Reya: 3 bp × 2 orders
−$6
Net
$12.77
Costs to cover
0.180%
Break-even
4.9 days
Slippage unknown: Phemex: live order book, 5 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 Phemex live order book, 5 min ago7.60 bp25.6 bp −$2645.0 bp −$450doesn't fitdoesn'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 −0.0201% / S +0.0372%1h801.45−0.083%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h801.22−0.112%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h801.73−0.049%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h801.90−0.027%$158K$2.8M4.8xas long as short
StandX BNB-USD0.0000%1h802.20+0.010%$867K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.46−0.083%$9.7M—150xas long as short
Variational Omni BNB+0.0040%8h800.85−0.158%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0067%8h801.67−0.056%—$13.3M—as long as short
Bybit BNBUSDT+0.0081%8h801.10−0.127%$139.6M$83.0M75xas long as short
Lighter BNB+0.0096%1h801.89−0.028%$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%1h801.17−0.118%$610K$1.0M50xas long as short
Aster BNBUSDT+0.0099%8h801.78−0.042%$6.4M$19.3M200xas long as short
Nado BNB-PERP+0.0100%1h801.07−0.131%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h801.68−0.055%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h801.30−0.102%$54.9M$117.5M50xas long as short
Arcus BNB-USD+0.0100%1h801.90−0.027%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h801.25−0.108%$35.8M$58.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h801.30−0.102%$28.0M$10.6M75xas long as short
Bitget BNBUSDT+0.0100%8h801.30−0.102%$81.0M$26.8M75xas long as short
edgeX BNBUSDC+0.0100%4h802.78+0.083%$4.2M$77.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.46+0.042%$161K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h801.33−0.098%$121K$880K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h801.48−0.080%$387K$592K50xas long as short
Derive BNB-PERP+0.0100%1h801.73−0.049%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.90−0.027%$12K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h801.31−0.101%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h801.93−0.024%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h801.12−0.125%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h801.74−0.047%$385K$40K10xas long as short
MEXC BNB_USDT+0.0118%8h802.50+0.047%$83.4M$13.8M200xas long as short
Binance BNBUSDT+0.0119%8h802.11−0.001%$504.2M$829.6M75xas long as short
Phemex BNBUSDTlong+0.0127%8h802.12long leg$70.0M$51.7M50x
SoDEX BNB-USD+0.0128%1h801.70−0.052%$394K$1.0M10xas long as short
Hibachi BNB/USDT-P+0.0152%1h801.23−0.111%$71K$48K12xas long as short
Phoenix BNB+0.0155%1h801.68−0.055%$172K$35K10xas long as short
dYdX BNB-USD+0.0166%1h801.39−0.091%$162K$62K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h801.94−0.022%$1.6M$165K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h801.50−0.077%$2.6M$983K50xas long as short
BloFin BNB-USDT+0.0239%8h802.15+0.004%$18.5M$2.6M75xas long as short
Hyperliquid BNB+0.0275%1h802.28+0.020%$51.9M$22.3M10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.370%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h801.74−0.048%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERPshort+0.0333%1h801.12−0.124%$6K$3K40x
01 Exchange BNBUSD+0.0336%1h802.25+0.016%$28K$1K10xas long as short
Bulk BNB-USD+0.0354%1h801.59−0.067%$651K$21K10xas long as short
Backpack BNB_USDC_PERP+0.0665%1h801.91−0.026%$3.0M$5.5M40xas long as short