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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 22:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.018%
Price spread now: BloFin against Reya+0.121%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 BloFin
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. BloFin is 0.121% dearer against Reya than usual: you sell high and buy low (spread +0.121% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya BNBRUSDPERP805.790.0334pay 0.0042% / 1h22m 39s$6K$3K40x
ShortBloFin BNB-USDT806.770.0231get 0.0231% / 8h2h 22m$18.8M$3.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$21.7
Price spread: +0.121% → 0.000%
$12.1
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$27.59
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago0.06 bp6.1 bp −$68.0 bp −$8016.8 bp −$1,677doesn'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%1h805.96+0.021%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.56+0.095%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.40−0.049%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.30+0.063%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.99+0.024%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.02+0.028%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.05+0.032%$2.5M$908K50xas long as short
Variational Omni BNB+0.0048%8h805.22−0.071%$4.0M$5.4M—as long as short
BingX BNB-USDT+0.0052%8h806.10+0.038%—$34.5M—as long as short
Bybit BNBUSDT+0.0077%8h805.80+0.001%$139.8M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.123%$609K$879K50xas long as short
Aster BNBUSDT+0.0096%8h806.75+0.119%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h806.34+0.068%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.85+0.007%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.32+0.065%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.00+0.025%$55.2M$115.9M50xas long as short
Arcus BNB-USD+0.0100%1h806.40+0.075%$53K$168K10xas long as short
Gate BNB_USDT+0.0100%8h805.90+0.013%$36.1M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.89+0.012%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.79−0.001%$79.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h805.49−0.038%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60−0.024%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.98+0.023%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.08+0.035%$390K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.22+0.053%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.80+0.124%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.54+0.092%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h805.60−0.024%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.91+0.138%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.74−0.007%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.26+0.058%$387K$40K10xas long as short
MEXC BNB_USDT+0.0110%8h807.10+0.162%$84.7M$13.6M200xas long as short
Binance BNBUSDT+0.0112%8h806.81+0.126%$521.0M$804.4M75xas long as short
Phoenix BNB+0.0125%1h805.78−0.002%$173K$35K10xas long as short
Phemex BNBUSDT+0.0126%8h806.69+0.111%$70.4M$51.8M50xas long as short
Hyperliquid BNB+0.0182%1h806.85+0.131%$51.9M$21.4M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.181%$650K$11K10xas long as short
SoDEX BNB-USD+0.0204%1h806.10+0.038%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.45+0.081%$1.2M$1.5M20xas long as short
BloFin BNB-USDTshort+0.0231%8h806.77+0.121%$18.8M$3.1M75x
Hibachi BNB/USDT-P+0.0240%1h805.61−0.023%$71K$48K12xas long as short
dYdX BNB-USD+0.0253%1h805.64−0.019%$170K$55K10xas long as short
Reya BNBRUSDPERPlong+0.0334%1h805.79long leg$6K$3K40x
01 Exchange BNBUSD+0.0344%1h807.16+0.169%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.112%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0652%1h806.87+0.133%$3.0M$5.5M40xas long as short