Funding you earn now, next payment 21:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.22 per $10,000 · paid last 24h −0.077%
Price spread now: Injective against Reya−0.500%7-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 −$5 a day on $10k at the current rate, and Injective is 0.500% cheaper against Reya than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya BNBRUSDPERP | 804.35 | 0.0336 | pay 0.0042% / 1h | 32m 42s | $6K | $3K | 40x |
| Short | Injective BNB/USDC PERP | 800.33 | 0.0157 | get 0.0020% / 1h | 32m 42s | $19K | $423K | 30x |
Reya BNBRUSDPERP
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$37.52
- Price spread: −0.500% → 0.000%
- −$50.01
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$93.55
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Reya and Injective: 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 | 805.02 | +0.083% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.06 | +0.088% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.16 | +0.100% | $3.0M | $29.8M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.50 | +0.267% | $115K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.93 | +0.072% | $870K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0008% | 1h | 805.03 | +0.085% | $9.8M | — | 150x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 804.75 | +0.049% | $609K | $902K | 50x | as long as short |
| Variational Omni BNB | +0.0069% | 8h | 804.46 | +0.014% | $4.1M | $5.5M | — | as long as short |
| BingX BNB-USDC | +0.0074% | 8h | 806.21 | +0.231% | — | $13.2M | — | as long as short |
| Aster BNBUSDT | +0.0093% | 8h | 806.52 | +0.269% | $6.3M | $18.9M | 200x | 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
Coinbase International BNB-PERP-INTX
Variational Omni BNB
BingX BNB-USDC
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0094% | 8h | 806.55 | +0.273% | $70.5M | $51.3M | 50x | as long as short |
| MEXC BNB_USDT | +0.0094% | 8h | 807.60 | +0.404% | $85.3M | $14.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0094% | 8h | 806.73 | +0.296% | $519.4M | $806.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.38 | +0.252% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 804.39 | +0.004% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.68 | +0.041% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 806.20 | +0.230% | $139.4M | $84.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.20 | +0.230% | $55.2M | $115.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.90 | +0.068% | $52K | $222K | 10x | as long as short |
| Bulk BNB-USD | +0.0100% | 1h | 802.37 | −0.247% | $649K | $10K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 806.05 | +0.211% | $36.2M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 806.12 | +0.220% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 806.01 | +0.206% | $79.1M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.45 | +0.136% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.32 | +0.120% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 804.64 | +0.036% | $120K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.86 | +0.063% | $389K | $596K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.05 | +0.087% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.40 | +0.130% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 804.90 | +0.068% | $396K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.81 | +0.181% | $8.2M | $7.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.22 | +0.107% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.90 | +0.192% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.01 | +0.082% | $387K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0110% | 1h | 805.55 | +0.149% | $173K | $35K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0131% | 1h | 804.95 | +0.074% | $2.5M | $914K | 50x | as long as short |
| RISEx BNB/USDC | +0.0143% | 1h | 804.92 | +0.071% | $1.1M | $1.4M | 20x | as long as short |
| Injective BNB/USDC PERPshort | +0.0157% | 1h | 800.33 | −0.500% | $19K | $423K | 30x | |
| Hyperliquid BNB | +0.0210% | 1h | 807.25 | +0.360% | $51.8M | $21.5M | 10x | as long as short |
| BloFin BNB-USDT | +0.0214% | 8h | 806.63 | +0.283% | $18.8M | $3.0M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0224% | 1h | 804.78 | +0.054% | $72K | $48K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 805.59 | +0.154% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 805.34 | +0.122% | $1.6M | $160K | 25x | as long as short |
| Reya BNBRUSDPERPlong | +0.0336% | 1h | 804.35 | long leg | $6K | $3K | 40x | |
| dYdX BNB-USD | +0.0382% | 1h | 804.80 | +0.056% | $170K | $55K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0618% | 1h | 807.05 | +0.335% | $3.0M | $5.3M | 40x | as long as short |
Phemex BNBUSDT
MEXC BNB_USDT
Binance 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
Hyperliquid BNB
BloFin BNB-USDT
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
dYdX BNB-USD
Backpack BNB_USDC_PERP