BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0227%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.019%

Price spread now: Backpack against Reya+0.130%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

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

The price spread pays, funding is against you. Backpack is 0.130% dearer against Reya than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	791.29	0.0327	pay 0.0041% / 1h	10m 37s	$6K	$3K	40x
Short	Backpack BNB_USDC_PERP	792.32	0.0100	get 0.0013% / 1h	10m 37s	$2.2M	$6.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$47.66
Price spread: +0.130% → 0.000%: $12.98
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$50.67
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.06 bp	6.1 bp −$6	9.8 bp −$98	doesn't fit	doesn't fit

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 −0.0167% / S +0.0335%	1h	791.63	+0.043%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.68	+0.049%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.83	+0.068%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.70	+0.052%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.744%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	+0.093%	$615K	$1.8M	50x	as long as short
Phemex BNBUSDT	+0.0048%	8h	792.43	+0.144%	$69.4M	$50.5M	50x	as long as short
Aster BNBUSDT	+0.0051%	8h	792.69	+0.177%	$6.2M	$18.6M	200x	as long as short
BingX BNB-USDC	+0.0060%	8h	791.70	+0.051%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0072%	8h	793.00	+0.216%	$80.6M	$12.5M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0072%	8h	792.68	+0.175%	$495.2M	$790.3M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.71	+0.053%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	792.33	+0.131%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.90	+0.077%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.25	−0.005%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.65	+0.172%	$52.0M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	792.36	+0.135%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.99	+0.088%	$139.4M	$76.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.90	+0.077%	$53.8M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.20	+0.115%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	792.10	+0.102%	$35.5M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.96	+0.084%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.79	+0.063%	$77.1M	$29.8M	75x	as long as short
Backpack BNB_USDC_PERPshort	+0.0100%	1h	792.32	+0.130%	$2.2M	$6.1M	40x
Variational Omni BNB	+0.0100%	8h	791.10	−0.025%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.77	+0.061%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.88	+0.074%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.44	+0.019%	$134K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.07	+0.099%	$32K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.20	+0.115%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.00	+0.089%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.78	+0.062%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.70	+0.178%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.75	+0.058%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.89	+0.075%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.53	+0.030%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0143%	8h	791.96	+0.084%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0186%	8h	792.20	+0.115%	$82K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0192%	8h	792.33	+0.131%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0195%	1h	791.84	+0.069%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	792.14	+0.107%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.38	+0.138%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERPlong	+0.0327%	1h	791.29	long leg	$6K	$3K	40x
RISEx BNB/USDC	+0.0361%	1h	791.89	+0.076%	$1.1M	$982K	20x	as long as short
Bulk BNB-USD	+0.0366%	1h	792.18	+0.113%	$641K	$9K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	791.61	+0.040%	$68K	$38K	12x	as long as short