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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.059%
Price spread now: SoDEX against Reya+0.086%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on SoDEX
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. SoDEX is 0.086% dearer against Reya than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya BNBRUSDPERP798.710.0330pay 0.0041% / 1h35m 57s$6K$3K40x
ShortSoDEX BNB-USD799.400.0100get 0.0013% / 1h35m 57s$393K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$48.35
Price spread: +0.086% → 0.000%
$8.65
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$53.7
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; SoDEX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell SoDEX live order book, 3 min ago0.63 bp5.0 bp −$58.7 bp −$8779.4 bp −$7,941doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h799.12+0.051%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h799.09+0.048%$2.5M$974K50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.66+0.119%$4K$23925xas long as short
BingX BNB-USDT−0.0057%8h798.93+0.028%—$35.0M—as long as short
Bybit BNBUSDT−0.0039%8h798.60−0.014%$138.7M$75.5M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.67+0.120%$3.0M$27.4M10xas long as short
StandX BNB-USD0.0000%1h799.95+0.155%$864K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.71+0.125%$69.8M$50.5M50xas long as short
Variational Omni BNB+0.0004%8h798.73+0.002%$4.1M$5.2M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.14+0.053%$9.7M—150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.799%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.00−0.089%$601K$969K50xas long as short
Aster BNBUSDT+0.0065%8h799.63+0.115%$6.2M$19.1M200xas long as short
MEXC BNB_USDT+0.0086%8h799.70+0.124%$83.1M$13.5M200xas long as short
Binance BNBUSDT+0.0087%8h799.36+0.081%$496.3M$807.6M75xas long as short
Lighter BNB+0.0096%1h799.40+0.087%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.23+0.065%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h799.46+0.094%$1.5M$2.6M20xas long as short
Pacifica BNB+0.0100%1h799.76+0.132%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.70−0.001%$54.2M$110.3M50xas long as short
Arcus BNB-USD+0.0100%1h799.80+0.137%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.75+0.005%$35.7M$56.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.92+0.026%$28.0M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h799.00+0.036%$78.8M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h799.78+0.134%$4.2M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.89+0.148%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.07+0.045%$118K$871K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.09+0.048%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h799.30+0.074%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h800.22+0.189%$13K$1.7M50xas long as short
SoDEX BNB-USDshort+0.0100%1h799.40+0.086%$393K$1.0M10x
HTX BNB-USDT+0.0100%8h799.36+0.081%$8.2M$8.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h800.31+0.200%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.53−0.022%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h799.22+0.063%$384K$108K10xas long as short
Bulk BNB-USD+0.0127%1h799.69+0.122%$649K$10K10xas long as short
Hibachi BNB/USDT-P+0.0144%1h798.96+0.031%$69K$37K12xas long as short
Kalshi KXBNBPERP+0.0155%8h799.50+0.099%$90K$2.8M4.8xas long as short
RISEx BNB/USDC+0.0155%1h799.63+0.115%$1.1M$1.4M20xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.58+0.109%$1.6M$160K25xas long as short
BloFin BNB-USDT+0.0207%8h799.67+0.120%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0216%1h799.84+0.142%$28K$1K10xas long as short
dYdX BNB-USD+0.0263%1h799.57+0.108%$161K$63K10xas long as short
Hyperliquid BNB+0.0315%1h799.80+0.137%$53.2M$20.6M10xas long as short
Reya BNBRUSDPERPlong+0.0330%1h798.71long leg$6K$3K40x
Backpack BNB_USDC_PERP+0.0401%1h799.83+0.140%$2.7M$5.6M40xas long as short