Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.077%

Price spread now: Reya against Bybit−0.018%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	786.10	0.0100	pay 0.0100% / 8h	7h 42m	$138.4M	$73.2M	75x
Short	Reya BNBRUSDPERP	785.96	0.0319	get 0.0040% / 1h	42m 24s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now −0.018%Rate

Funding earned: $46.07
Price spread: −0.018% → 0.000%: −$1.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $27.26
Costs to cover: 0.170%
Break-even: 2.9 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.64 bp	6.1 bp −$6	8.3 bp −$83	21.3 bp −$2,128	138.9 bp −$69.5K
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 −0.0168% / S +0.0337%	1h	786.16	+0.008%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.29	+0.151%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	786.04	−0.007%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.44	+0.170%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.05	+0.121%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.22	+0.015%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	786.78	+0.086%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.416%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0036%	8h	786.32	+0.028%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0041%	8h	786.70	+0.076%	$489.5M	$812.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0042%	8h	787.90	+0.229%	$82.5M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	786.18	+0.010%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.85	−0.032%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.87	+0.098%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.26	+0.020%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	786.10	long leg	$138.4M	$73.2M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	786.10	0.000%	$53.5M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.30	+0.025%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.25	+0.019%	$39.2M	$55.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.90	−0.025%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.84	−0.033%	$75.4M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.59	+0.062%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.82	+0.092%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.34	+0.158%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	+0.135%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.45	+0.045%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.23	+0.017%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.51	+0.052%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.55	+0.058%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.10	0.000%	$386K	$947K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.38	+0.036%	$1.5M	$141K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.29	+0.025%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.58	+0.061%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.75	−0.045%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.13	+0.003%	$378K	$110K	10x	as long as short
dYdX BNB-USD	+0.0106%	1h	786.39	+0.037%	$157K	$64K	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	786.80	+0.089%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	+0.062%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.48	+0.176%	$158K	$38K	10x	as long as short
Phemex BNBUSDT	+0.0127%	8h	786.69	+0.075%	$68.6M	$51.1M	50x	as long as short
BloFin BNB-USDT	+0.0163%	8h	786.56	+0.059%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	+0.201%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.77	+0.085%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERPshort	+0.0319%	1h	785.96	−0.018%	$6K	$3K	40x
RISEx BNB/USDC	+0.0355%	1h	786.38	+0.036%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	786.70	+0.077%	$67K	$39K	12x	as long as short