Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.055%

Price spread now: MEXC against Reya+0.215%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 MEXC

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. MEXC is 0.215% dearer against Reya than usual: you sell high and buy low (spread +0.215% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	801.98	0.0332	pay 0.0041% / 1h	46m 50s	$6K	$3K	40x
Short	MEXC BNB_USDT	803.70	0.0124	get 0.0124% / 8h	46m 50s	$83.6M	$13.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.215%Rate

Funding earned: −$43.65
Price spread: +0.215% → 0.000%: $21.49
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$32.17
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	1.24 bp	3.2 bp −$3	6.0 bp −$60	17.1 bp −$1,714	32.0 bp −$16.0K

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 −0.0201% / S +0.0372%	1h	802.26	+0.036%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.14	+0.145%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.57	+0.074%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	+0.133%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.63	+0.206%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.30	+0.041%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	+0.009%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	802.89	+0.114%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0063%	8h	802.70	+0.090%	$139.5M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.157%	$607K	$995K	50x	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	803.25	+0.159%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.20	+0.028%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.91	+0.117%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.90	+0.115%	$54.7M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.90	+0.115%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.60	+0.078%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.53	+0.069%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.57	+0.074%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.19	+0.151%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.77	+0.099%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.41	+0.054%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.33	+0.044%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.52	+0.067%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.84	+0.107%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.52	+0.068%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.19	+0.151%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.32	+0.168%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.30	+0.040%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.18	+0.026%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	803.03	+0.131%	$70.2M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	802.60	+0.078%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDTshort	+0.0124%	8h	803.70	+0.215%	$83.6M	$13.5M	200x
Binance BNBUSDT	+0.0125%	8h	803.68	+0.212%	$502.6M	$817.7M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.03	+0.131%	$173K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0136%	1h	802.70	+0.090%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.75	+0.097%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	802.91	+0.117%	$71K	$49K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.42	+0.180%	$18.2M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0249%	1h	803.62	+0.205%	$52.0M	$21.4M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.78	+0.100%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.388%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.200%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0332%	1h	801.98	long leg	$6K	$3K	40x
Backpack BNB_USDC_PERP	+0.0348%	1h	803.39	+0.176%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0384%	1h	803.34	+0.170%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0482%	1h	802.89	+0.114%	$162K	$62K	10x	as long as short