Funding you earn now, next payment 05:00 UTC−0.0243%/8h= −26.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.074%
Price spread now: Coinbase International against Reya−0.045%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 −$7 a day on $10k at the current rate, and Coinbase International is 0.045% cheaper against Reya than usual: you would sell low and buy high (−$5 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 | 786.21 | 0.0323 | pay 0.0040% / 1h | 16m 39s | $6K | $3K | 40x |
| Short | Coinbase International BNB-PERP-INTX | 785.85 | 0.0080 | get 0.0010% / 1h | 16m 39s | $568K | $1.9M | 50x |
Reya BNBRUSDPERP
Coinbase International BNB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$51.02
- Price spread: −0.045% → 0.000%
- −$4.55
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$71.56
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago | 1.97 bp | 8.4 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0192% / S +0.0356% | 1h | 786.23 | +0.002% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.83 | +0.079% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.37 | +0.148% | $849K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.47 | +0.034% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.402% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0038% | 8h | 787.17 | +0.122% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDT | +0.0045% | 8h | 786.76 | +0.070% | — | $22.2M | — | as long as short |
| Phemex BNBUSDT | +0.0056% | 8h | 787.19 | +0.125% | $68.9M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0061% | 8h | 787.50 | +0.164% | $80.5M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 787.20 | +0.126% | $490.4M | $812.4M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 786.51 | +0.038% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTXshort | +0.0080% | 1h | 785.85 | −0.045% | $568K | $1.9M | 50x | |
| Lighter BNB | +0.0096% | 1h | 786.69 | +0.061% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.53 | +0.041% | $265K | $489K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.10 | −0.013% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.20 | +0.126% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.72 | +0.065% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.50 | +0.037% | $138.1M | $74.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.50 | +0.037% | $53.5M | $112.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.80 | +0.075% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.55 | +0.044% | $36.7M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.26 | +0.007% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.31 | +0.013% | $76.1M | $31.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.91 | +0.089% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.81 | −0.050% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.59 | +0.048% | $4.1M | $75.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.98 | +0.098% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.37 | +0.021% | $131K | $951K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.64 | +0.055% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.10 | +0.114% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.66 | +0.058% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 786.96 | +0.096% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.24 | +0.004% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.60 | +0.050% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 786.33 | +0.016% | $169K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0130% | 1h | 786.70 | +0.063% | $387K | $993K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0142% | 8h | 786.80 | +0.075% | $160K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0160% | 1h | 786.37 | +0.020% | $159K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0181% | 8h | 787.12 | +0.116% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0217% | 8h | 787.48 | +0.162% | $2.9M | $29.5M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 786.92 | +0.091% | $1.5M | $143K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 787.33 | +0.143% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERPlong | +0.0323% | 1h | 786.21 | long leg | $6K | $3K | 40x | |
| Bulk BNB-USD | +0.0341% | 1h | 785.39 | −0.103% | $637K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 786.89 | +0.087% | $1.1M | $901K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 786.96 | +0.096% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
SoDEX BNB-USD
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P