BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h −0.048%

Price spread now: Deribit against Reya+0.050%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 Deribit

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. Deribit is 0.050% dearer against Reya than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	797.29	0.0331	pay 0.0041% / 1h	49m 56s	$6K	$3K	40x
Short	Deribit BNB_USDC-PERPETUAL	797.69	0.0200	get 0.0025% / 1h	49m 56s	$1.6M	$160K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$27.42
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: 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 Deribit live order book, 4 min ago	2.07 bp	11.4 bp −$11	18.5 bp −$185	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 −0.0201% / S +0.0372%	1h	797.64	+0.044%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.24	−0.007%	$2.5M	$975K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	797.94	+0.081%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0030%	8h	797.35	+0.007%	—	$35.2M	—	as long as short
Bybit BNBUSDT	−0.0011%	8h	797.06	−0.029%	$138.4M	$77.0M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.92	+0.204%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.14	+0.106%	$863K	$2.9M	30x	as long as short
Gate BNB_USDT	+0.0006%	8h	797.20	−0.012%	$35.7M	$55.8M	75x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.66	+0.046%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.13	−0.021%	$4.1M	$5.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.978%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	+0.089%	$601K	$987K	50x	as long as short
Aster BNBUSDT	+0.0069%	8h	797.81	+0.065%	$6.2M	$19.3M	200x	as long as short
MEXC BNB_USDT	+0.0091%	8h	798.30	+0.126%	$82.9M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0092%	8h	798.00	+0.089%	$496.0M	$817.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.62	+0.042%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	+0.178%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.21	−0.010%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.79	+0.062%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.20	−0.012%	$54.1M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.00	+0.089%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.31	+0.002%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.09	−0.025%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.80	+0.190%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.21	+0.241%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.57	+0.035%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.24	−0.007%	$385K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.33	+0.005%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.14	+0.107%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.50	+0.026%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.88	+0.074%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.56	+0.160%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.94	−0.044%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.33	+0.130%	$383K	$108K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	798.00	+0.089%	$69.7M	$50.8M	50x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	798.39	+0.138%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	798.10	+0.101%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.81	+0.065%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	+0.244%	$649K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0200%	1h	797.69	+0.050%	$1.6M	$160K	25x
BloFin BNB-USDT	+0.0212%	8h	798.30	+0.126%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.35	+0.133%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0281%	1h	797.28	−0.001%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0331%	1h	797.29	long leg	$6K	$3K	40x
Hyperliquid BNB	+0.0373%	1h	798.21	+0.115%	$53.2M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0385%	1h	798.22	+0.116%	$2.7M	$5.7M	40x	as long as short