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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 23:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.048%
Price spread now: Reya against Deribit−0.104%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort 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 0.104% cheaper against Deribit than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BNB_USDC-PERPETUAL806.190.0300pay 0.0037% / 1h44m 40s$1.6M$165K25x
ShortReya BNBRUSDPERP805.350.0333get 0.0042% / 1h44m 40s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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
$6.97
Price spread: −0.104% → 0.000%
−$10.41
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
−$16.44
Costs to cover
0.130%
Break-even
23.5 days
Slippage unknown: Deribit: live order book, 4 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 Deribit live order book, 4 min ago3.04 bp7.5 bp −$813.0 bp −$130doesn'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 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 −0.0195% / S +0.0371%1h805.66−0.066%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.24+0.006%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.06−0.016%$3.0M$29.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.10−0.011%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.84−0.044%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.72−0.058%$9.8M—150xas long as short
Variational Omni BNB+0.0048%8h804.97−0.151%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0059%8h805.76−0.054%—$34.5M—as long as short
Hibachi BNB/USDT-P+0.0072%1h805.61−0.072%$71K$48K12xas long as short
Bybit BNBUSDT+0.0084%8h805.28−0.113%$139.5M$81.3M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h805.89−0.037%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.081%$608K$882K50xas long as short
Nado BNB-PERP+0.0100%1h805.48−0.089%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.90−0.036%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.50−0.086%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h806.10−0.011%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.50−0.086%$36.1M$57.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.51−0.085%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.40−0.098%$78.7M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.11−0.010%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.91−0.035%$162K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.73−0.057%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.67−0.065%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h805.86−0.041%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.18−0.001%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.57−0.077%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.35+0.020%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.30−0.110%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h805.84−0.044%$387K$40K10xas long as short
Aster BNBUSDT+0.0105%8h806.29+0.012%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0119%8h806.70+0.063%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0120%8h806.40+0.025%$520.9M$803.4M75xas long as short
Phemex BNBUSDT+0.0131%8h806.30+0.013%$70.4M$51.9M50xas long as short
Phoenix BNB+0.0155%1h805.60−0.073%$173K$35K10xas long as short
Hyperliquid BNB+0.0182%1h806.34+0.018%$51.9M$22.0M10xas long as short
SoDEX BNB-USD+0.0187%1h805.80−0.049%$396K$1.0M10xas long as short
dYdX BNB-USD+0.0203%1h805.84−0.044%$162K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.85−0.042%$2.5M$929K50xas long as short
BloFin BNB-USDT+0.0239%8h806.43+0.030%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0274%1h805.55−0.080%$651K$14K10xas long as short
Deribit BNB_USDC-PERPETUALlong+0.0300%1h806.19long leg$1.6M$165K25x
Injective BNB/USDC PERP+0.0311%1h805.09−0.137%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.00−0.023%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERPshort+0.0333%1h805.35−0.104%$6K$3K40x
01 Exchange BNBUSD+0.0352%1h806.63+0.054%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0715%1h806.70+0.063%$3.0M$5.5M40xas long as short