Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.066%

Price spread now: KuCoin against Reya+0.020%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 KuCoin

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. KuCoin is 0.020% dearer against Reya than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	797.84	0.0330	pay 0.0041% / 1h	32m 35s	$6K	$3K	40x
Short	KuCoin BNBUSDTM	798.00	0.0100	get 0.0100% / 8h	7h 32m	$27.9M	$10.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$48.33
Price spread: +0.020% → 0.000%: $2.04
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$64.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: 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 KuCoin live order book, 6 min ago	0.44 bp	9.7 bp −$10	14.3 bp −$143	46.1 bp −$4,615	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 −0.0159% / S +0.0335%	1h	798.37	+0.066%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.31	+0.059%	$2.5M	$966K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.41	+0.072%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0057%	8h	798.58	+0.093%	—	$13.3M	—	as long as short
Bybit BNBUSDT	−0.0020%	8h	797.70	−0.017%	$138.5M	$75.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	+0.142%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.41	+0.197%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	798.98	+0.143%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	+0.111%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.45	+0.077%	$9.7M	—	150x	as long as short

Show 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	+0.909%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.112%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0062%	8h	798.44	+0.076%	$6.2M	$19.1M	200x	as long as short
MEXC BNB_USDT	+0.0084%	8h	798.90	+0.133%	$83.1M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0084%	8h	798.33	+0.062%	$495.6M	$806.4M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.32	+0.060%	$2.8M	$4.0M	20x	as long as short
Gate BNB_USDT	+0.0097%	8h	797.75	−0.011%	$35.7M	$56.2M	75x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	+0.171%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	+0.002%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.25	+0.052%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.80	−0.005%	$54.1M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.10	+0.033%	$52K	$133K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	798.00	+0.020%	$27.9M	$10.0M	75x
Bitget BNBUSDT	+0.0100%	8h	797.91	+0.009%	$78.7M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.05	+0.152%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.186%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.12	+0.035%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.33	+0.062%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.54	+0.088%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.14	+0.163%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.60	+0.096%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.76	+0.116%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.72	+0.111%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.34	−0.063%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.39	+0.070%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.232%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.20	+0.171%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.89	+0.007%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	799.09	+0.157%	$69K	$37K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.85	+0.126%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0205%	8h	799.34	+0.188%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.31	+0.059%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0244%	1h	798.18	+0.043%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0308%	1h	799.01	+0.147%	$53.1M	$20.6M	10x	as long as short
Reya BNBRUSDPERPlong	+0.0330%	1h	797.84	long leg	$6K	$3K	40x
Backpack BNB_USDC_PERP	+0.0394%	1h	799.18	+0.168%	$2.7M	$5.6M	40x	as long as short