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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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Funding you earn now, next payment 11:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.083%
Price spread now: Reya against Variational Omni−0.021%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Reya
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BNB787.170.0100pay 0.0100% / 8h5h 59m$4.3M$4.5M—
ShortReya BNBRUSDPERP787.000.0317get 0.0040% / 1h59m 00s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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
$45.58
Price spread: −0.021% → 0.000%
−$2.06
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
$37.52
Costs to cover
0.060%
Break-even
1.2 days
Slippage unknown: Variational Omni: RFQ quote, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago3.34 bpdoesn't fit5.7 bp −$57doesn't fitdoesn'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 45 exchanges

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 −0.0166% / S +0.0336%1h787.50+0.043%$43K—200xas long as short
Kraken Futures PF_BNBUSD−0.0085%1h787.52+0.045%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.09+0.118%$4K—25xas long as short
Aster BNBUSDT0.0000%8h788.24+0.136%$6.0M$17.2M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.90+0.094%$2.9M$26.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h788.00+0.106%$139K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h788.59+0.181%$850K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.65+0.061%$9.5M—150xas long as short
MEXC BNB_USDT+0.0017%8h789.30+0.271%$83.4M$11.7M200xas long as short
Binance BNBUSDT+0.0017%8h788.16+0.126%$481.8M$769.7M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+2.277%$19K$789K30xas long as short
Bybit BNBUSDT+0.0057%8h787.40+0.030%$138.6M$67.6M75xas long as short
BloFin BNB-USDT+0.0070%8h788.17+0.128%$18.4M$2.2M75xas long as short
Phemex BNBUSDT+0.0091%8h788.08+0.116%$68.5M$51.1M50xas long as short
Phoenix BNB+0.0094%1h787.98+0.104%$158K$44K10xas long as short
Lighter BNB+0.0096%1h787.75+0.074%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h787.45+0.036%$1.4M$2.4M20xas long as short
Hyperliquid BNB+0.0100%1h788.20+0.132%$51.9M$16.9M10xas long as short
Pacifica BNB+0.0100%1h787.90+0.094%$1.2M$932K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.50+0.043%$53.3M$102.9M50xas long as short
Arcus BNB-USD+0.0100%1h787.70+0.068%$57K$122K10xas long as short
Gate BNB_USDT+0.0100%8h787.55+0.049%$41.0M$53.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.54+0.048%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h787.57+0.051%$75.7M$31.1M75xas long as short
BingX BNB-USDC+0.0100%8h787.72+0.071%—$13.4M—as long as short
Backpack BNB_USDC_PERP+0.0100%1h788.00+0.106%$2.2M$6.0M40xas long as short
Variational Omni BNBlong+0.0100%8h787.17long leg$4.3M$4.5M—
edgeX BNBUSDC+0.0100%4h787.96+0.101%$4.1M$75.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.19+0.130%$159K$444K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.50+0.043%$130K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.67+0.064%$265K$297K50xas long as short
SunX BNB-USDT+0.0100%8h788.14+0.124%$12K$1.4M50xas long as short
SoDEX BNB-USD+0.0100%1h787.80+0.081%$387K$926K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h787.96+0.102%$1.5M$157K25xas long as short
HTX BNB-USDT+0.0100%8h787.75+0.075%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.05+0.113%$78K$336K50xas long as short
Extended BNB-USD+0.0104%1h787.29+0.016%$1.8M$5.6M50xas long as short
Aevo BNB-PERP+0.0104%1h787.67+0.064%$378K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h788.03+0.110%$545K$1.9M50xas long as short
01 Exchange BNBUSD+0.0240%1h787.98+0.104%$28K$3K10xas long as short
Bulk BNB-USD+0.0277%1h788.58+0.179%$639K$010xas long as short
Reya BNBRUSDPERPshort+0.0317%1h787.00−0.021%$6K$3K40x
Hibachi BNB/USDT-P+0.0328%1h787.99+0.105%$67K$37K12xas long as short
dYdX BNB-USD+0.0377%1h788.12+0.121%$158K$34K10xas long as short
RISEx BNB/USDC+0.0393%1h787.79+0.080%$1.1M$901K20xas long as short