Funding you earn now, next payment 08:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.062%
Price spread now: Reya against Arcus−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Reya is 0.076% cheaper against Arcus than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BNB-USD | 786.80 | 0.0100 | pay 0.0013% / 1h | 59m 29s | $52K | $129K | 10x |
| Short | Reya BNBRUSDPERP | 786.20 | 0.0321 | get 0.0040% / 1h | 59m 29s | $6K | $3K | 40x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Arcus. 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
- $46.44
- Price spread: −0.076% → 0.000%
- −$7.58
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $28.36
- Costs to cover
- 0.105%
- Break-even
- 2.7 days
Slippage unknown: Arcus: live order book, 43 min ago; Reya: 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 Arcus live order book, 43 min ago | 2.54 bp | 7.4 bp −$7 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 −0.0170% / S +0.0337% | 1h | 786.48 | −0.040% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.89 | +0.011% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.83 | +0.131% | $850K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.50 | −0.039% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.325% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0047% | 8h | 786.54 | −0.033% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | +0.0048% | 8h | 787.05 | +0.032% | $6.1M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0057% | 8h | 787.80 | +0.127% | $81.0M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0057% | 8h | 787.11 | +0.039% | $489.2M | $821.4M | 75x | as long as short |
| dYdX BNB-USD | +0.0067% | 1h | 786.64 | −0.020% | $159K | $62K | 10x | as long as short |
Show all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0075% | 8h | 787.38 | +0.074% | $68.8M | $51.4M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.43 | +0.080% | $564K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.68 | −0.016% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.35 | −0.057% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.17 | +0.047% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.76 | −0.005% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.40 | −0.051% | $138.4M | $75.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.30 | −0.064% | $53.5M | $113.2M | 50x | as long as short |
| Arcus BNB-USDlong | +0.0100% | 1h | 786.80 | long leg | $52K | $129K | 10x | |
| Gate BNB_USDT | +0.0100% | 8h | 786.50 | −0.038% | $38.0M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.17 | −0.080% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.30 | −0.064% | $76.7M | $31.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.15 | +0.044% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.91 | −0.113% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.76 | −0.004% | $4.1M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.93 | +0.017% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.43 | −0.047% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.53 | −0.034% | $265K | $454K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.05 | +0.032% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.78 | −0.003% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.90 | +0.013% | $387K | $976K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.64 | −0.020% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.06 | +0.033% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.13 | −0.085% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.79 | −0.001% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0117% | 8h | 787.00 | +0.025% | $171K | $2.7M | 4.8x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 786.67 | −0.017% | $169K | $34K | 10x | as long as short |
| BloFin BNB-USDT | +0.0177% | 8h | 786.92 | +0.015% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.22 | +0.054% | $1.5M | $145K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.71 | −0.012% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0226% | 8h | 787.06 | +0.033% | $2.9M | $28.6M | 10x | as long as short |
| Bulk BNB-USD | +0.0230% | 1h | 786.88 | +0.010% | $638K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 787.18 | +0.048% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERPshort | +0.0321% | 1h | 786.20 | −0.076% | $6K | $3K | 40x | |
| RISEx BNB/USDC | +0.0350% | 1h | 786.79 | −0.001% | $1.1M | $915K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 786.61 | −0.025% | $67K | $39K | 12x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDC
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Kalshi KXBNBPERP
Phoenix BNB
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
RISEx BNB/USDC