Settings8H · net · $10k
Funding arb · Price arb /

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0333%/8h= −36.4% APRnext payment $0.42 per $10,000 · paid last 24h −0.095%
Price spread now: StandX against Reya+0.160%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · StandX: Active · farm boardneeds both histories
The price spread pays, funding is against you. StandX is 0.160% dearer against Reya than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 39 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya BNBRUSDPERP801.040.0333pay 0.0042% / 1h28m 16s$6K$3K40x
ShortStandX BNB-USD802.320get 0.0000% / 1h28m 16s$867K$2.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$69.89
Price spread: +0.160% → 0.000%
$16.04
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee StandX: 4 bp × 2 orders
−$8
Net
−$67.85
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; StandX: live order book, 1 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 StandX live order book, 1 min ago5.23 bp10.0 bp −$1014.4 bp −$144doesn't fitdoesn'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%1h801.11+0.010%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.26+0.153%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h801.73+0.087%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h802.10+0.133%$158K$2.8M4.8xas long as short
StandX BNB-USDshort0.0000%1h802.32+0.160%$867K$2.8M30x
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.17+0.017%$9.7M150xas long as short
Variational Omni BNB+0.0040%8h800.85−0.023%$4.1M$5.3Mas long as short
BingX BNB-USDC+0.0067%8h801.31+0.034%$13.3Mas long as short
Bybit BNBUSDT+0.0081%8h800.40−0.079%$139.5M$83.0M75xas long as short
Lighter BNB+0.0096%1h801.12+0.011%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h801.17+0.017%$610K$1.0M50xas long as short
Aster BNBUSDT+0.0100%8h801.72+0.085%$6.4M$19.3M200xas long as short
Nado BNB-PERP+0.0100%1h801.61+0.071%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h801.96+0.115%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h800.50−0.067%$54.8M$117.4M50xas long as short
Arcus BNB-USD+0.0100%1h802.10+0.133%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h801.15+0.014%$35.8M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h800.85−0.023%$28.0M$10.6M75xas long as short
Bitget BNBUSDT+0.0100%8h800.39−0.081%$80.9M$26.9M75xas long as short
edgeX BNBUSDC+0.0100%4h802.78+0.218%$4.2M$77.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.46+0.178%$161K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h801.60+0.070%$121K$880K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h800.94−0.012%$387K$592K50xas long as short
Derive BNB-PERP+0.0100%1h801.15+0.014%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.61+0.071%$12K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h801.25+0.027%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h800.97−0.008%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h802.40+0.170%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h800.58−0.057%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h801.31+0.034%$385K$40K10xas long as short
MEXC BNB_USDT+0.0118%8h801.80+0.095%$83.4M$13.8M200xas long as short
Binance BNBUSDT+0.0119%8h801.38+0.043%$503.7M$829.7M75xas long as short
SoDEX BNB-USD+0.0125%1h800.90−0.017%$394K$1.0M10xas long as short
Phemex BNBUSDT+0.0126%8h801.34+0.038%$70.0M$51.7M50xas long as short
Phoenix BNB+0.0155%1h801.68+0.080%$172K$35K10xas long as short
Hibachi BNB/USDT-P+0.0160%1h801.59+0.069%$71K$48K12xas long as short
dYdX BNB-USD+0.0183%1h801.39+0.044%$162K$62K10xas long as short
Kraken Futures PF_BNBUSD+0.0207%1h800.77−0.033%$2.6M$984K50xas long as short
BloFin BNB-USDT+0.0239%8h802.15+0.139%$18.5M$2.6M75xas long as short
Hyperliquid BNB+0.0280%1h802.37+0.167%$51.9M$22.3M10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.506%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h802.04+0.126%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERPlong+0.0333%1h801.04long leg$6K$3K40x
01 Exchange BNBUSD+0.0336%1h802.55+0.189%$28K$1K10xas long as short
Bulk BNB-USD+0.0354%1h801.59+0.069%$651K$21K10xas long as short
Backpack BNB_USDC_PERP+0.0665%1h802.58+0.193%$3.0M$5.5M40xas long as short