Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0226%/8h= +24.8% APRpaid last 24h +0.067%

Price spread now: Reya against SunX−0.132%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Reya

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

Funding pays, the price is against you. Reya is 0.132% cheaper against SunX than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 47 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	789.44	0.0100	pay 0.0100% / 8h	4h 49m	$12K	$1.5M	50x
Short	Reya BNBRUSDPERP	788.40	0.0326	get 0.0041% / 1h	49m 03s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.132%Rate

Funding earned: $47.55
Price spread: −0.132% → 0.000%: −$13.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $20.38
Costs to cover: 0.140%
Break-even: 4.0 days

Slippage unknown: SunX: live order book, 6 min ago; Reya: no order-book sample. 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 SunX live order book, 6 min ago	7.66 bp	14.1 bp −$14	21.8 bp −$218	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 −0.0183% / S +0.0348%	1h	788.66	−0.099%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.46	+0.129%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.15	+0.090%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.66	−0.099%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.982%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.13	−0.040%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	788.63	−0.103%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.152%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.15	−0.037%	$492.3M	$789.5M	75x	as long as short
MEXC BNB_USDT	+0.0068%	8h	789.50	+0.007%	$80.1M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0072%	8h	789.36	−0.011%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.80	−0.081%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.71	−0.093%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.85	−0.075%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.20	−0.031%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.23	−0.027%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.45	−0.126%	$138.7M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.50	−0.119%	$53.3M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.10	−0.043%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.50	−0.119%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.71	−0.093%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.46	−0.125%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.00	−0.056%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.042%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.195%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.75	+0.039%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.65	−0.100%	$133K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.77	−0.086%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	789.44	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	788.80	−0.081%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.95	+0.064%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.77	+0.042%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.43	−0.128%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.76	−0.086%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0114%	1h	789.06	−0.049%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.117%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.221%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	789.80	+0.045%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0188%	8h	789.53	+0.011%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.28	−0.021%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.60	−0.106%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.278%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.06	−0.048%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERPshort	+0.0326%	1h	788.40	−0.132%	$6K	$3K	40x
RISEx BNB/USDC	+0.0461%	1h	789.23	−0.027%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	789.67	+0.029%	$67K	$38K	12x	as long as short