Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.067%

Price spread now: Bitget against Reya−0.010%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Bitget

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	784.56	0.0323	pay 0.0040% / 1h	30m 02s	$6K	$3K	40x
Short	Bitget BNBUSDT	784.48	0.0100	get 0.0100% / 8h	2h 30m	$76.0M	$30.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$46.88
Price spread: −0.010% → 0.000%: −$1.04
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.06 bp	7.1 bp −$7	9.4 bp −$94	15.1 bp −$1,509	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 −0.0192% / S +0.0356%	1h	784.59	+0.004%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.20	+0.081%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.03	+0.060%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.68	+0.015%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	785.28	+0.091%	$6.1M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.617%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	784.60	+0.005%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	785.30	+0.094%	$68.7M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.70	+0.145%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.41	+0.108%	$489.2M	$809.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.70	+0.018%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.32	−0.031%	$577K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.94	+0.048%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.73	+0.021%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.55	−0.001%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.24	+0.086%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.89	+0.042%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.60	+0.005%	$137.9M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	+0.005%	$53.3M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	+0.030%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.70	+0.018%	$36.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.43	−0.017%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	784.48	−0.010%	$76.0M	$30.9M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	785.18	+0.079%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	−0.055%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.38	+0.104%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.10	+0.069%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.63	+0.009%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.87	+0.039%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.53	+0.123%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.80	+0.030%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.36	−0.026%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.97	+0.052%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.44	−0.016%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.97	+0.052%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.73	+0.149%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0127%	1h	784.34	−0.028%	$159K	$61K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	785.00	+0.056%	$147K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	784.93	+0.047%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	785.51	+0.121%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.44	+0.112%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.144%	$637K	$4K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0323%	1h	784.56	long leg	$6K	$3K	40x
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	785.19	+0.081%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.99	+0.055%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	785.21	+0.083%	$67K	$39K	12x	as long as short