Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0228%/8h= −25.0% APRnext payment $0.29 per $10,000 · paid last 24h −0.066%
Price spread now: Polymarket Perps against Reya+0.029%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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. Polymarket Perps is 0.029% dearer against Reya than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya BNBRUSDPERP793.040.0328pay 0.0041% / 1h18m 39s$6K$3K40x
ShortPolymarket Perps BNB-USD793.270.0100get 0.0013% / 1h18m 39s$111K$886K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$47.98
Price spread: +0.029% → 0.000%
$2.86
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$59.12
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 49 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Polymarket Perps live order book, 49 min ago2.88 bp6.9 bp −$76.9 bp −$6914.8 bp −$1,479doesn'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 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0167% / S +0.0335%1h793.03−0.002%$46K200xas long as short
Kraken Futures PF_BNBUSD−0.0132%1h793.42+0.048%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h793.56+0.065%$4K$23925xas long as short
StandX BNB-USD0.0000%1h794.40+0.171%$858K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h793.16+0.014%$9.7M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.519%$19K$789K30xas long as short
Aster BNBUSDT+0.0033%8h794.13+0.137%$6.1M$19.7M200xas long as short
Variational Omni BNB+0.0038%8h794.10+0.134%$4.1M$4.9Mas long as short
BingX BNB-USDT+0.0050%8h793.91+0.109%$34.9Mas long as short
Gate BNB_USDT+0.0053%8h793.65+0.076%$35.4M$56.6M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0056%1h795.53+0.314%$610K$1.1M50xas long as short
Phemex BNBUSDT+0.0059%8h793.80+0.095%$69.4M$50.7M50xas long as short
Binance BNBUSDT+0.0062%8h794.45+0.177%$494.2M$810.1M75xas long as short
MEXC BNB_USDT+0.0062%8h794.60+0.196%$82.5M$12.8M200xas long as short
GRVT BNB_USDT_Perp+0.0070%8h795.62+0.325%$3.0M$28.5M10xas long as short
dYdX BNB-USD+0.0077%1h793.68+0.080%$160K$63K10xas long as short
Phoenix BNB+0.0088%1h794.99+0.245%$171K$36K10xas long as short
Lighter BNB+0.0096%1h793.92+0.111%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h793.20+0.020%$383K$409K50xas long as short
Nado BNB-PERP+0.0100%1h793.05+0.001%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h794.39+0.170%$52.1M$19.3M10xas long as short
Pacifica BNB+0.0100%1h794.06+0.128%$1.2M$915K20xas long as short
Bybit BNBUSDT+0.0100%8h793.80+0.095%$138.7M$75.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h793.50+0.058%$53.2M$110.2M50xas long as short
Arcus BNB-USD+0.0100%1h793.40+0.045%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h793.59+0.069%$27.7M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h793.19+0.018%$77.3M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h794.91+0.235%$4.1M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h794.60+0.196%$160K$436K50xas long as short
Polymarket Perps BNB-USDshort+0.0100%1h793.27+0.029%$111K$886K10x
Derive BNB-PERP+0.0100%1h793.37+0.042%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h793.91+0.109%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h793.40+0.045%$390K$997K10xas long as short
HTX BNB-USDT+0.0100%8h793.07+0.003%$8.1M$8.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h794.54+0.189%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h793.44+0.050%$1.7M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h793.43+0.048%$381K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h793.55+0.064%$1.1M$1.1M20xas long as short
Kalshi KXBNBPERP+0.0154%8h793.80+0.095%$113K$2.7M4.8xas long as short
Bulk BNB-USD+0.0195%1h795.93+0.363%$644K$16K10xas long as short
01 Exchange BNBUSD+0.0256%1h793.83+0.099%$28K$3K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h793.80+0.095%$1.6M$160K25xas long as short
Reya BNBRUSDPERPlong+0.0328%1h793.04long leg$6K$3K40x
Backpack BNB_USDC_PERP+0.0385%1h794.37+0.167%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0528%1h794.78+0.219%$68K$38K12xas long as short