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

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0315%/8h= −34.5% APRnext payment $0.39 per $10,000 · paid last 24h −0.098%
Price spread now: StandX against Reya+0.102%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 4 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 · StandX: Active · farm boardneeds both histories
The price spread pays, funding is against you. StandX is 0.102% dearer against Reya than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya BNBRUSDPERP785.430.0315pay 0.0039% / 1h44m 31s$6K$3K40x
ShortStandX BNB-USD786.230get 0.0000% / 1h44m 31s$848K$3.0M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$66.22
Price spread: +0.102% → 0.000%
$10.17
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee StandX: 4 bp × 2 orders
−$8
Net
−$70.04
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; StandX: live order book, 2 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 StandX live order book, 2 min ago4.51 bp10.2 bp −$1012.7 bp −$12754.3 bp −$5,429doesn'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 exchanges

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 −0.0166% / S +0.0336%1h785.81+0.048%$43K200xas long as short
Kraken Futures PF_BNBUSD−0.0138%1h785.90+0.059%$2.6M$1.4M50xas long as short
Hotstuff BNB-PERP−0.0080%1h786.45+0.130%$4K25xas long as short
Bybit BNBUSDT−0.0065%8h785.50+0.009%$138.6M$65.9M75xas long as short
BingX BNB-USDC−0.0061%8h786.06+0.080%$13.4Mas long as short
Aster BNBUSDT0.0000%8h786.50+0.136%$5.9M$16.7M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h786.40+0.123%$2.9M$26.8M10xas long as short
Kalshi KXBNBPERP0.0000%8h786.50+0.136%$160K$2.5M4.8xas long as short
StandX BNB-USDshort0.0000%1h786.23+0.102%$848K$3.0M30x
MEXC BNB_USDT+0.0007%8h787.50+0.263%$83.4M$11.5M200xas long as short
Show all 46 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.84+0.052%$9.5M150xas long as short
Binance BNBUSDT+0.0008%8h786.46+0.131%$480.0M$749.7M75xas long as short
BloFin BNB-USDT+0.0033%8h786.52+0.139%$17.2M$2.3M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.503%$19K$789K30xas long as short
Variational Omni BNB+0.0079%8h784.45−0.125%$4.3M$4.0Mas long as short
Phemex BNBUSDT+0.0079%8h786.58+0.146%$68.3M$50.3M50xas long as short
Lighter BNB+0.0096%1h786.07+0.082%$2.7M$3.0M20xas long as short
Nado BNB-PERP+0.0100%1h785.65+0.028%$1.3M$2.3M20xas long as short
Hyperliquid BNB+0.0100%1h786.53+0.140%$52.1M$16.4M10xas long as short
Pacifica BNB+0.0100%1h786.16+0.093%$1.2M$927K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.70+0.034%$53.3M$98.7M50xas long as short
Arcus BNB-USD+0.0100%1h786.00+0.072%$57K$124K10xas long as short
Gate BNB_USDT+0.0100%8h785.85+0.053%$42.2M$51.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h785.88+0.057%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h785.48+0.006%$75.5M$30.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.37+0.120%$2.2M$6.0M40xas long as short
edgeX BNBUSDC+0.0100%4h785.61+0.023%$4.1M$71.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.88+0.057%$158K$459K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.78+0.044%$126K$911K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.93+0.064%$264K$258K50xas long as short
Derive BNB-PERP+0.0100%1h786.04+0.077%$31K$10K10xas long as short
SunX BNB-USDT+0.0100%8h786.57+0.145%$13K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h786.10+0.085%$386K$920K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h786.18+0.096%$1.5M$126K25xas long as short
HTX BNB-USDT+0.0100%8h786.08+0.083%$8.0M$9.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.38+0.121%$78K$1.3M50xas long as short
Extended BNB-USD+0.0104%1h785.39−0.005%$1.8M$5.5M50xas long as short
Aevo BNB-PERP+0.0104%1h785.83+0.050%$377K$110K10xas long as short
Phoenix BNB+0.0116%1h786.56+0.144%$158K$45K10xas long as short
Coinbase International BNB-PERP-INTX+0.0136%1h785.93+0.064%$537K$1.9M50xas long as short
01 Exchange BNBUSD+0.0256%1h786.43+0.127%$28K$3K10xas long as short
Hibachi BNB/USDT-P+0.0256%1h785.87+0.055%$67K$33K12xas long as short
Bulk BNB-USD+0.0264%1h786.48+0.134%$637K$10K10xas long as short
dYdX BNB-USD+0.0301%1h785.80+0.046%$158K$34K10xas long as short
Reya BNBRUSDPERPlong+0.0315%1h785.43long leg$6K$3K40x
RISEx BNB/USDC+0.0391%1h786.14+0.091%$1.1M$939K20xas long as short