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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.0249%/8h= −27.2% APRpaid last 24h −0.054%
Price spread now: Aster against Reya+0.159%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Aster
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 · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.159% dearer against Reya than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya BNBRUSDPERP802.560.0334pay 0.0042% / 1h37m 48s$6K$3K40x
ShortAster BNBUSDT803.840.0086get 0.0086% / 8h2h 37m$6.4M$18.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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
−$52.26
Price spread: +0.159% → 0.000%
$15.86
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$50.39
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; Aster: live order book, 1 min ago. 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 Reya no order-book sample—————
Sell Aster live order book, 1 min ago0.56 bp4.7 bp −$56.6 bp −$6619.6 bp −$1,964doesn't fit
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 −0.0195% / S +0.0371%1h803.00+0.054%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.88+0.039%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.28+0.090%$3.0M$29.7M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.70+0.142%$113K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.58+0.127%$868K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.03+0.058%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.11+0.068%$2.5M$908K50xas long as short
Variational Omni BNB+0.0055%8h802.35−0.026%$4.0M$5.4M—as long as short
BingX BNB-USDC+0.0062%8h803.04+0.059%—$13.3M—as long as short
Bybit BNBUSDT+0.0080%8h802.80+0.029%$139.3M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDTshort+0.0086%8h803.84+0.159%$6.4M$18.8M200x
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.178%$608K$878K50xas long as short
Lighter BNB+0.0096%1h803.24+0.085%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.34−0.028%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h802.67+0.013%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.20+0.079%$55.1M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h802.80+0.029%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h803.00+0.054%$35.9M$58.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.19+0.078%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.09+0.066%$79.0M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.51+0.118%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.43+0.108%$158K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.58+0.002%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.07+0.063%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.17+0.075%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.69+0.141%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h802.55−0.001%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.23+0.083%$78K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h804.60+0.254%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0103%8h803.91+0.168%$518.4M$803.3M75xas long as short
Extended BNB-USD+0.0104%1h803.31+0.094%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h803.28+0.089%$386K$40K10xas long as short
Phemex BNBUSDT+0.0121%8h803.69+0.140%$70.1M$51.7M50xas long as short
SoDEX BNB-USD+0.0124%1h803.10+0.067%$395K$1.0M10xas long as short
Phoenix BNB+0.0125%1h803.50+0.117%$173K$35K10xas long as short
Hyperliquid BNB+0.0150%1h803.94+0.172%$51.6M$21.3M10xas long as short
Bulk BNB-USD+0.0194%1h803.61+0.130%$649K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h803.56+0.124%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h802.93+0.046%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0223%8h802.88+0.039%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0256%1h802.85+0.036%$71K$49K12xas long as short
dYdX BNB-USD+0.0259%1h802.24−0.040%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0312%1h803.37+0.101%$28K$1K10xas long as short
Reya BNBRUSDPERPlong+0.0334%1h802.56long leg$6K$3K40x
Injective BNB/USDC PERP+0.0353%1h804.92+0.294%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0678%1h804.17+0.200%$3.0M$5.3M40xas long as short