Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.080%

Price spread now: BingX against Reya+0.037%7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

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

The price spread pays, funding is against you. BingX is 0.037% dearer against Reya than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	788.45	0.0328	pay 0.0041% / 1h	39m 58s	$6K	$3K	40x
Short	BingX BNB-USDT	788.74	0.0057	get 0.0057% / 8h	5h 39m	—	$34.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee ReyabpFee BingXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$56.74
Price spread: +0.037% → 0.000%: $3.74
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$69
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 14 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	0.19 bp	5.2 bp −$5	5.2 bp −$52	12.1 bp −$1,209	31.1 bp −$15.5K

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 −0.0167% / S +0.0335%	1h	788.49	+0.006%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.97	+0.067%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.22	+0.225%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.59	+0.018%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.111%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	789.29	+0.108%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	+0.082%	$618K	$1.8M	50x	as long as short
BingX BNB-USDTshort	+0.0057%	8h	788.74	+0.037%	—	$34.4M	—
MEXC BNB_USDT	+0.0074%	8h	789.40	+0.121%	$80.3M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0074%	8h	789.12	+0.086%	$493.5M	$806.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	789.21	+0.097%	$69.1M	$51.0M	50x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.108%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.52	+0.010%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.85	+0.051%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.64	+0.025%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.65	+0.026%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.15	+0.089%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.88	+0.055%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.50	+0.007%	$138.6M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.40	−0.006%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.90	+0.058%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.60	+0.020%	$35.3M	$56.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.30	−0.018%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.30	−0.018%	$76.8M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.95	+0.064%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.32	+0.111%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.87	+0.054%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.63	+0.023%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.88	+0.055%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.42	+0.123%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.73	+0.036%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.45	+0.127%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.23	−0.027%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.61	+0.021%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	789.13	+0.087%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0132%	8h	789.50	+0.134%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0151%	1h	788.70	+0.032%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0186%	8h	789.30	+0.108%	$95K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	788.40	−0.006%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	788.16	−0.036%	$159K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.08	+0.080%	$1.5M	$152K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	789.47	+0.130%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0328%	1h	788.45	long leg	$6K	$3K	40x
RISEx BNB/USDC	+0.0361%	1h	789.12	+0.085%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.050%	$638K	$13K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	789.66	+0.154%	$67K	$38K	12x	as long as short