Funding you earn now, next payment 01:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.013%
Price spread now: Bulk against Reya−0.126%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bulk is 0.126% cheaper against Reya than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya BNBRUSDPERP | 798.81 | 0.0330 | pay 0.0041% / 1h | 14m 49s | $6K | $3K | 40x |
| Short | Bulk BNB-USD | 797.80 | 0.0138 | get 0.0017% / 1h | 14m 49s | $648K | $10K | 10x |
Reya BNBRUSDPERP
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.24
- Price spread: −0.126% → 0.000%
- −$12.63
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$65.88
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bulk: live order book, 59 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 Bulk live order book, 59 min ago | 0.06 bp | 3.6 bp −$4 | 3.8 bp −$38 | 6.6 bp −$660 | 16.5 bp −$8,258 |
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 −0.0159% / S +0.0335% | 1h | 799.22 | +0.051% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 799.20 | +0.048% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.55 | +0.093% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0002% | 8h | 799.05 | +0.030% | $35.9M | $56.9M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.67 | −0.018% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.64 | +0.104% | $864K | $2.9M | 30x | as long as short |
| Variational Omni BNB | +0.0005% | 8h | 798.43 | −0.048% | $4.1M | $5.0M | — | as long as short |
| BingX BNB-USDT | +0.0007% | 8h | 799.48 | +0.084% | — | $35.0M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.28 | +0.059% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDT | +0.0026% | 8h | 799.88 | +0.134% | $69.8M | $50.2M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
BingX BNB-USDT
gTrade (Gains Network) BNB/USD
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.786% | $19K | $789K | 30x | as long as short |
| Bybit BNBUSDT | +0.0037% | 8h | 799.15 | +0.043% | $138.8M | $76.2M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | +0.033% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0052% | 8h | 799.85 | +0.130% | $6.2M | $19.4M | 200x | as long as short |
| MEXC BNB_USDT | +0.0074% | 8h | 800.20 | +0.174% | $83.2M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0075% | 8h | 799.96 | +0.144% | $496.7M | $811.2M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.57 | +0.095% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 798.98 | +0.021% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.50 | −0.039% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.21 | +0.050% | $1.2M | $937K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.20 | +0.049% | $54.2M | $111.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.20 | +0.049% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.15 | +0.043% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.04 | +0.029% | $78.3M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.56 | −0.031% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.57 | −0.030% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.11 | +0.038% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.26 | +0.056% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.39 | +0.073% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.75 | +0.118% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.40 | +0.074% | $393K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.63 | −0.022% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.81 | +0.126% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.87 | +0.008% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.33 | +0.065% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USDshort | +0.0138% | 1h | 797.80 | −0.126% | $648K | $10K | 10x | |
| RISEx BNB/USDC | +0.0155% | 1h | 799.17 | +0.045% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0159% | 8h | 799.60 | +0.099% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0195% | 8h | 799.65 | +0.105% | $18.1M | $2.6M | 75x | as long as short |
| dYdX BNB-USD | +0.0196% | 1h | 798.51 | −0.037% | $161K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 799.33 | +0.065% | $28K | $1K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0288% | 1h | 798.98 | +0.022% | $68K | $38K | 12x | as long as short |
| Hyperliquid BNB | +0.0293% | 1h | 800.17 | +0.170% | $53.2M | $20.3M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 799.75 | +0.118% | $1.6M | $161K | 25x | as long as short |
| Reya BNBRUSDPERPlong | +0.0330% | 1h | 798.81 | long leg | $6K | $3K | 40x | |
| Backpack BNB_USDC_PERP | +0.0428% | 1h | 800.06 | +0.157% | $2.7M | $5.7M | 40x | as long as short |
Injective BNB/USDC PERP
Bybit BNBUSDT
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Hibachi BNB/USDT-P
Hyperliquid BNB
Deribit BNB_USDC-PERPETUAL
Backpack BNB_USDC_PERP