Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.019%

Price spread now: BloFin against Reya+0.125%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 BloFin

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. BloFin is 0.125% dearer against Reya than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	800.36	0.0332	pay 0.0041% / 1h	38m 53s	$6K	$3K	40x
Short	BloFin BNB-USDT	801.36	0.0241	get 0.0241% / 8h	38m 53s	$18.3M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$19.1
Price spread: +0.125% → 0.000%: $12.53
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.19 bp	6.2 bp −$6	7.0 bp −$70	14.6 bp −$1,461	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 −0.0201% / S +0.0372%	1h	800.67	+0.039%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.12	+0.095%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.51	+0.019%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.255%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.98	+0.203%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.76	+0.051%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	801.45	+0.136%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0048%	8h	800.55	+0.024%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0056%	8h	800.30	−0.007%	$138.9M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	+0.045%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.83	+0.059%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.04	+0.085%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.44	+0.010%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.06	+0.088%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.50	+0.018%	$54.5M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	+0.105%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.35	−0.001%	$35.8M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.36	0.000%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.18	−0.022%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.33	+0.247%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.26	+0.238%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.65	+0.037%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.72	+0.045%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.92	+0.070%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.43	+0.134%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.90	+0.068%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.80	+0.180%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.55	+0.149%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.03	−0.041%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.89	+0.067%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.27	+0.114%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.70	+0.168%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0121%	8h	801.19	+0.104%	$501.0M	$817.1M	75x	as long as short
MEXC BNB_USDT	+0.0122%	8h	801.50	+0.143%	$83.3M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	+0.209%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.11	+0.094%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0203%	1h	801.27	+0.114%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	802.11	+0.219%	$70K	$44K	12x	as long as short
BloFin BNB-USDTshort	+0.0241%	8h	801.36	+0.125%	$18.3M	$2.5M	75x
RISEx BNB/USDC	+0.0258%	1h	800.93	+0.072%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.183%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.591%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERPlong	+0.0332%	1h	800.36	long leg	$6K	$3K	40x
01 Exchange BNBUSD	+0.0336%	1h	801.39	+0.129%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0393%	1h	801.42	+0.133%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0422%	1h	801.50	+0.142%	$162K	$62K	10x	as long as short