BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0124%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h −0.008%

Price spread now: Hyperliquid against Reya+0.113%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.113% dearer against Reya than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	803.64	0.0335	pay 0.0042% / 1h	57m 04s	$6K	$3K	40x
Short	Hyperliquid BNB	804.55	0.0211	get 0.0026% / 1h	57m 04s	$51.7M	$21.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$25.96
Price spread: +0.113% → 0.000%: $11.29
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$29.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	0.12 bp	4.7 bp −$5	7.2 bp −$72	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 −0.0195% / S +0.0371%	1h	803.78	+0.017%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.90	+0.156%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.27	+0.203%	$3.0M	$30.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.00	+0.044%	$109K	$2.6M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.53	+0.110%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.83	+0.023%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.88	+0.030%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0067%	8h	804.96	+0.164%	$4.1M	$5.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.24	+0.199%	$609K	$900K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	804.41	+0.095%	$6.4M	$19.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	804.01	+0.046%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.50	−0.018%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.93	+0.036%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	803.51	−0.016%	$139.1M	$83.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.70	+0.007%	$55.0M	$115.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.90	+0.032%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.65	+0.001%	$36.0M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.69	+0.006%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.58	−0.008%	$79.1M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.56	+0.239%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.39	+0.217%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.85	+0.026%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.90	+0.032%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.07	+0.053%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.12	+0.059%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	803.90	+0.032%	$395K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.94	+0.037%	$8.2M	$7.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.26	+0.077%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	805.00	+0.169%	$84.5M	$13.5M	200x	as long as short
BingX BNB-USDT	+0.0102%	8h	803.83	+0.023%	—	$34.5M	—	as long as short
Binance BNBUSDT	+0.0102%	8h	804.55	+0.113%	$519.1M	$809.6M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	803.59	−0.006%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.06	+0.052%	$386K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.11	+0.183%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	804.46	+0.102%	$70.2M	$51.7M	50x	as long as short
Bulk BNB-USD	+0.0140%	1h	805.09	+0.179%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.37	+0.091%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0208%	1h	803.90	+0.032%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.07	+0.053%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNBshort	+0.0211%	1h	804.55	+0.113%	$51.7M	$21.3M	10x
BloFin BNB-USDT	+0.0222%	8h	804.51	+0.108%	$18.9M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.46	+0.102%	$71K	$49K	12x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	804.40	+0.094%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0335%	1h	803.64	long leg	$6K	$3K	40x
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.159%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0647%	1h	805.00	+0.169%	$3.0M	$5.3M	40x	as long as short