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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 05:00 UTC+0.0224%/8h= +24.6% APRnext payment +$0.28 per $10,000 · paid last 24h +0.067%
Price spread now: Reya against Nado−0.031%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on NadoShort 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 airdropNado: Active · Reya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.031% cheaper against Nado than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado BNB-PERP787.350.0100pay 0.0012% / 1h15m 21s$1.5M$2.6M20x
ShortReya BNBRUSDPERP787.100.0324get 0.0041% / 1h15m 21s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Nado. 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
$47.1
Price spread: −0.031% → 0.000%
−$3.13
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
$30.96
Costs to cover
0.130%
Break-even
2.4 days
Slippage unknown: Nado: 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 Nado live order book, 4 min ago0.06 bp3.8 bp −$47.3 bp −$73doesn'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 −0.0192% / S +0.0356%1h787.36+0.001%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.19−0.021%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h787.90+0.070%$4K$4225xas long as short
Kalshi KXBNBPERP0.0000%8h788.00+0.083%$126K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h788.35+0.127%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.40+0.007%$9.5M—150xas long as short
Aster BNBUSDT+0.0022%8h787.88+0.067%$6.1M$18.8M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.253%$19K$789K30xas long as short
BingX BNB-USDC+0.0034%8h787.84+0.062%—$13.4M—as long as short
MEXC BNB_USDT+0.0041%8h788.30+0.121%$79.9M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0042%8h787.84+0.062%$491.0M$801.6M75xas long as short
Phemex BNBUSDT+0.0042%8h787.80+0.057%$68.9M$50.7M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h787.19−0.020%$588K$1.9M50xas long as short
dYdX BNB-USD+0.0086%1h787.24−0.014%$159K$63K10xas long as short
Phoenix BNB+0.0092%1h787.76+0.052%$169K$35K10xas long as short
Lighter BNB+0.0096%1h787.45+0.013%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.42+0.009%$265K$492K50xas long as short
Nado BNB-PERPlong+0.0100%1h787.35long leg$1.5M$2.6M20x
Hyperliquid BNB+0.0100%1h787.95+0.076%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h787.82+0.060%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h787.30−0.006%$138.5M$73.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.20−0.019%$53.4M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h787.60+0.032%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h787.350.000%$36.0M$58.0M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.43+0.010%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h786.93−0.053%$76.2M$30.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.08+0.093%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.31−0.005%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h788.09+0.093%$4.1M$74.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.81+0.058%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.36+0.001%$132K$955K10xas long as short
Derive BNB-PERP+0.0100%1h787.45+0.013%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.05+0.089%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.40+0.006%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h787.58+0.029%$8.1M$9.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.86+0.065%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.98−0.047%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.36+0.002%$378K$110K10xas long as short
BloFin BNB-USDT+0.0162%8h787.87+0.066%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0176%8h788.38+0.131%$2.9M$28.7M10xas long as short
Bulk BNB-USD+0.0193%1h788.28+0.119%$638K$10K10xas long as short
01 Exchange BNBUSD+0.0240%1h788.09+0.094%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.80+0.057%$1.5M$143K25xas long as short
Reya BNBRUSDPERPshort+0.0324%1h787.10−0.031%$6K$3K40x
Hibachi BNB/USDT-P+0.0416%1h787.87+0.066%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h787.83+0.061%$1.1M$893K20xas long as short