BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0229%/8h= −25.1% APRnext payment −$0.29 per $10,000 · paid last 24h −0.066%

Price spread now: Nado against Reya+0.062%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 Nado

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 · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.062% dearer against Reya than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	790.81	0.0329	pay 0.0041% / 1h	37m 53s	$6K	$3K	40x
Short	Nado BNB-PERP	791.30	0.0100	get 0.0012% / 1h	37m 53s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.062%Rate

Funding earned: −$48.07
Price spread: +0.062% → 0.000%: $6.19
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$54.89
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Nado: live order book, 1 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 Nado live order book, 1 min ago	0.06 bp	3.9 bp −$4	8.1 bp −$81	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 −0.0167% / S +0.0335%	1h	790.83	+0.002%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	790.64	−0.021%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.72	+0.115%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0008%	8h	791.15	+0.043%	$35.3M	$55.7M	75x	as long as short
StandX BNB-USD	0.0000%	1h	790.95	+0.018%	$855K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.88	+0.009%	$9.6M	—	150x	as long as short
Variational Omni BNB	+0.0016%	8h	791.83	+0.129%	$4.1M	$5.0M	—	as long as short
GRVT BNB_USDT_Perp	+0.0023%	8h	792.65	+0.232%	$3.0M	$28.6M	10x	as long as short
Aster BNBUSDT	+0.0030%	8h	791.45	+0.081%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.806%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0039%	1h	791.10	+0.036%	$160K	$63K	10x	as long as short
BingX BNB-USDC	+0.0049%	8h	790.94	+0.016%	—	$13.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	+0.045%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0060%	8h	791.70	+0.112%	$82.1M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0061%	8h	791.95	+0.145%	$492.7M	$817.2M	75x	as long as short
Phemex BNBUSDT	+0.0080%	8h	791.26	+0.057%	$69.2M	$50.5M	50x	as long as short
Phoenix BNB	+0.0088%	1h	793.58	+0.350%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	790.75	−0.007%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.70	−0.014%	$382K	$409K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	791.30	+0.062%	$1.4M	$2.7M	20x
Pacifica BNB	+0.0100%	1h	791.57	+0.097%	$1.2M	$926K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.29	+0.061%	$138.0M	$77.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.30	+0.062%	$53.1M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.30	+0.062%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.06	+0.032%	$27.6M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.86	+0.006%	$77.0M	$28.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.83	+0.382%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.01	+0.405%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.06	+0.032%	$110K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.76	−0.006%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	791.67	+0.109%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	790.70	−0.014%	$389K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.58	−0.029%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	791.55	+0.094%	$77K	$17K	50x	as long as short
Hyperliquid BNB	+0.0102%	1h	791.53	+0.091%	$51.9M	$19.8M	10x	as long as short
Extended BNB-USD	+0.0104%	1h	790.86	+0.006%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.65	−0.020%	$380K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	791.17	+0.045%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERP	+0.0163%	8h	791.20	+0.049%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	+0.303%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.411%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	791.49	+0.086%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0329%	1h	790.81	long leg	$6K	$3K	40x
Backpack BNB_USDC_PERP	+0.0399%	1h	791.67	+0.109%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	791.10	+0.036%	$1.5M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	791.98	+0.148%	$68K	$38K	12x	as long as short