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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 01:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.066%
Price spread now: Reya against KuCoin−0.045%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort 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 0.045% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM798.670.0100pay 0.0100% / 8h7h 22m$27.9M$10.1M75x
ShortReya BNBRUSDPERP798.310.0330get 0.0041% / 1h22m 00s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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
$48.29
Price spread: −0.045% → 0.000%
−$4.52
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Reya: 3 bp × 2 orders
−$6
Net
$25.77
Costs to cover
0.180%
Break-even
3.3 days
Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago0.75 bp11.9 bp −$1221.7 bp −$21759.0 bp −$5,902doesn'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 −0.0159% / S +0.0335%1h798.68+0.001%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.54−0.017%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.11+0.055%$4K$23925xas long as short
BingX BNB-USDT−0.0024%8h798.80+0.016%—$35.0M—as long as short
GRVT BNB_USDT_Perp0.0000%8h800.63+0.246%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h800.20+0.192%$865K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.29+0.078%$69.8M$50.1M50xas long as short
Variational Omni BNB+0.0003%8h799.72+0.131%$4.1M$5.2M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.66−0.001%$9.7M—150xas long as short
Bybit BNBUSDT+0.0010%8h798.56−0.014%$138.9M$76.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BNB_USDT+0.0020%8h798.50−0.021%$35.8M$56.6M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.804%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.050%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0057%8h799.28+0.077%$6.2M$19.4M200xas long as short
Binance BNBUSDT+0.0079%8h799.23+0.070%$496.2M$812.0M75xas long as short
MEXC BNB_USDT+0.0079%8h799.60+0.116%$83.1M$13.7M200xas long as short
Lighter BNB+0.0096%1h798.86+0.024%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.45+0.223%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.65−0.003%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.22+0.069%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.60−0.009%$54.2M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h799.10+0.054%$53K$133K10xas long as short
KuCoin BNBUSDTMlong+0.0100%8h798.67long leg$27.9M$10.1M75x
Bitget BNBUSDT+0.0100%8h798.26−0.051%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h800.60+0.241%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.54+0.109%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.73+0.008%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.65−0.003%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.77+0.013%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.11+0.055%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.80+0.016%$393K$998K10xas long as short
HTX BNB-USDT+0.0100%8h798.72+0.007%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.37+0.088%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.32−0.044%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.72+0.007%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28+0.076%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.78+0.014%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0155%8h799.40+0.091%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0200%8h799.81+0.143%$18.1M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.88+0.026%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.08+0.052%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0202%1h799.08+0.052%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0240%1h799.78+0.139%$69K$38K12xas long as short
Hyperliquid BNB+0.0302%1h799.52+0.106%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERPshort+0.0330%1h798.31−0.045%$6K$3K40x
Backpack BNB_USDC_PERP+0.0396%1h799.48+0.101%$2.7M$5.7M40xas long as short