Funding you earn now, next payment 20:00 UTC−0.0272%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.066%
Price spread now: Coinbase International against Reya−0.060%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Coinbase International is 0.060% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya BNBRUSDPERP | 805.72 | 0.0336 | pay 0.0042% / 1h | 31m 18s | $6K | $3K | 40x |
| Short | Coinbase International BNB-PERP-INTX | 805.24 | 0.0064 | get 0.0008% / 1h | 31m 18s | $609K | $903K | 50x |
Reya BNBRUSDPERP
Coinbase International BNB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.04
- Price spread: −0.060% → 0.000%
- −$5.99
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$79.04
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 17 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 Coinbase International live order book, 17 min ago | 3.81 bp | 9.3 bp −$9 | 14.6 bp −$146 | 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 −0.0195% / S +0.0371% | 1h | 806.03 | +0.038% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.42 | +0.087% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.11 | −0.077% | $3.0M | $29.8M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.60 | +0.109% | $115K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.73 | −0.123% | $870K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0008% | 1h | 806.16 | +0.054% | $9.8M | — | 150x | as long as short |
| Coinbase International BNB-PERP-INTXshort | +0.0064% | 1h | 805.24 | −0.060% | $609K | $903K | 50x | |
| Variational Omni BNB | +0.0069% | 8h | 804.46 | −0.156% | $4.1M | $5.5M | — | as long as short |
| BingX BNB-USDC | +0.0074% | 8h | 806.10 | +0.047% | — | $13.3M | — | as long as short |
| Phemex BNBUSDT | +0.0089% | 8h | 806.75 | +0.127% | $70.5M | $51.4M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0094% | 8h | 807.30 | +0.196% | $84.7M | $15.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0094% | 8h | 806.69 | +0.121% | $519.9M | $806.9M | 75x | as long as short |
| Aster BNBUSDT | +0.0095% | 8h | 806.56 | +0.104% | $6.3M | $18.9M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.04 | +0.039% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.70 | −0.003% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.05 | +0.041% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 805.82 | +0.012% | $139.3M | $84.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.00 | +0.034% | $55.2M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.10 | +0.047% | $52K | $222K | 10x | as long as short |
| Bulk BNB-USD | +0.0100% | 1h | 806.70 | +0.121% | $652K | $11K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.90 | +0.022% | $36.2M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.79 | +0.008% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.79 | +0.008% | $79.1M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.33 | −0.049% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.27 | −0.056% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.90 | +0.022% | $119K | $876K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.14 | +0.052% | $390K | $596K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 806.26 | +0.067% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.26 | +0.067% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 806.20 | +0.059% | $397K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.10 | +0.047% | $8.2M | $7.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.56 | +0.104% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.67 | −0.007% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.26 | +0.066% | $387K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0110% | 1h | 805.55 | −0.021% | $173K | $35K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0131% | 1h | 806.19 | +0.059% | $2.5M | $915K | 50x | as long as short |
| RISEx BNB/USDC | +0.0143% | 1h | 806.17 | +0.056% | $1.1M | $1.4M | 20x | as long as short |
| Injective BNB/USDC PERP | +0.0157% | 1h | 800.33 | −0.669% | $19K | $423K | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 806.73 | +0.124% | $1.6M | $160K | 25x | as long as short |
| BloFin BNB-USDT | +0.0214% | 8h | 806.63 | +0.113% | $18.8M | $3.0M | 75x | as long as short |
| Hyperliquid BNB | +0.0217% | 1h | 806.86 | +0.141% | $51.8M | $21.5M | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0224% | 1h | 805.97 | +0.030% | $72K | $48K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 806.73 | +0.125% | $29K | $1K | 10x | as long as short |
| Reya BNBRUSDPERPlong | +0.0336% | 1h | 805.72 | long leg | $6K | $3K | 40x | |
| dYdX BNB-USD | +0.0388% | 1h | 805.88 | +0.020% | $171K | $55K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0625% | 1h | 807.04 | +0.163% | $3.0M | $5.3M | 40x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Bulk BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kraken Futures PF_BNBUSD
RISEx BNB/USDC
Injective BNB/USDC PERP
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
Hyperliquid BNB
Hibachi BNB/USDT-P
01 Exchange BNBUSD
dYdX BNB-USD
Backpack BNB_USDC_PERP