Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h +0.066%

Price spread now: Reya against Bitget−0.042%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

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 · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.042% cheaper against Bitget than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 15 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	Bitget BNBUSDT	792.84	0.0100	pay 0.0100% / 8h	6h 46m	$77.4M	$28.3M	75x
Short	Reya BNBRUSDPERP	792.51	0.0329	get 0.0041% / 1h	46m 23s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now −0.042%Rate

Funding earned: $48.11
Price spread: −0.042% → 0.000%: −$4.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $25.95
Costs to cover: 0.180%
Break-even: 3.2 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.06 bp	7.7 bp −$8	10.3 bp −$103	12.8 bp −$1,278	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 −0.0161% / S +0.0334%	1h	792.73	−0.013%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.99	+0.019%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.03	+0.024%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0024%	8h	792.80	−0.005%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.57	+0.092%	$858K	$3.0M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.135%	$3.0M	$28.4M	10x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.91	+0.009%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.039%	$4.1M	$5.0M	—	as long as short
Aster BNBUSDT	+0.0033%	8h	793.45	+0.076%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.545%	$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
BingX BNB-USDC	+0.0036%	8h	793.00	+0.020%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0039%	1h	793.14	+0.038%	$160K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0046%	8h	793.29	+0.057%	$69.3M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.040%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.60	+0.096%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.56	+0.091%	$493.7M	$814.7M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.096%	$170K	$36K	10x	as long as short
Bybit BNBUSDT	+0.0089%	8h	793.00	+0.020%	$138.2M	$77.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	793.03	+0.024%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.95	+0.014%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.011%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.16	+0.040%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.90	+0.008%	$53.2M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.10	+0.033%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.67	−0.021%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	792.84	long leg	$77.4M	$28.3M	75x
edgeX BNBUSDC	+0.0100%	4h	793.89	+0.133%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.99	+0.145%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.66	−0.023%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.19	+0.044%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.39	+0.069%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.10	+0.033%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.29	−0.069%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.49	+0.082%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.75	−0.012%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.08	+0.030%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0123%	1h	793.48	+0.081%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.05	+0.027%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	793.30	+0.058%	$106K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	+0.047%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.154%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.55	+0.090%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERPshort	+0.0329%	1h	792.51	−0.042%	$6K	$3K	40x
Backpack BNB_USDC_PERP	+0.0366%	1h	793.53	+0.087%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.57	+0.093%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	793.05	+0.027%	$68K	$38K	12x	as long as short