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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.040%
Price spread now: Reya against Deribit−0.110%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort 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 0.110% cheaper against Deribit than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 16 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BNB_USDC-PERPETUAL787.420.0300pay 0.0037% / 1h44m 50s$1.5M$143K25x
ShortReya BNBRUSDPERP786.560.0322get 0.0040% / 1h44m 50s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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
$4.66
Price spread: −0.110% → 0.000%
−$10.98
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
−$19.31
Costs to cover
0.130%
Break-even
36.0 days
Slippage unknown: Deribit: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 4 min ago2.86 bp8.5 bp −$813.9 bp −$139doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h786.89−0.067%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.54−0.112%$4K$4225xas long as short
StandX BNB-USD0.0000%1h786.82−0.076%$849K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.89−0.067%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.244%$19K$789K30xas long as short
Aster BNBUSDT+0.0048%8h787.19−0.029%$6.1M$19.0M200xas long as short
BingX BNB-USDC+0.0054%8h786.79−0.080%—$13.4M—as long as short
Binance BNBUSDT+0.0067%8h787.22−0.026%$490.4M$816.6M75xas long as short
MEXC BNB_USDT+0.0067%8h787.70+0.035%$81.0M$12.0M200xas long as short
dYdX BNB-USD+0.0069%1h786.47−0.121%$159K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0075%8h787.02−0.051%$68.9M$51.0M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h786.88−0.069%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.02−0.051%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h786.05−0.174%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h786.36−0.135%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h786.59−0.106%$138.5M$75.3M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.50−0.117%$53.5M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h786.40−0.130%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.70−0.092%$37.1M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.68−0.094%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.36−0.135%$76.1M$31.1M75xas long as short
Variational Omni BNB+0.0100%8h785.91−0.192%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h786.94−0.062%$4.1M$76.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.08−0.043%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.67−0.095%$131K$949K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.96−0.059%$265K$471K50xas long as short
Derive BNB-PERP+0.0100%1h787.19−0.030%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.47+0.006%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.00−0.054%$387K$985K10xas long as short
HTX BNB-USDT+0.0100%8h786.86−0.072%$8.0M$10.1M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h786.80−0.079%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.37−0.133%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h787.00−0.054%$378K$110K10xas long as short
Hyperliquid BNB+0.0123%1h787.47+0.006%$51.5M$17.6M10xas long as short
Backpack BNB_USDC_PERP+0.0123%1h787.37−0.007%$2.2M$6.1M40xas long as short
Phoenix BNB+0.0135%1h786.68−0.094%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0141%8h787.00−0.054%$170K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0187%8h787.52+0.012%$17.8M$2.2M75xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h786.99−0.054%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0227%8h787.04−0.048%$2.9M$29.5M10xas long as short
01 Exchange BNBUSD+0.0272%1h786.74−0.087%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUALlong+0.0300%1h787.42long leg$1.5M$143K25x
Reya BNBRUSDPERPshort+0.0322%1h786.56−0.110%$6K$3K40x
Bulk BNB-USD+0.0328%1h787.20−0.028%$638K$4K10xas long as short
RISEx BNB/USDC+0.0438%1h786.39−0.131%$1.1M$913K20xas long as short
Hibachi BNB/USDT-P+0.0552%1h786.45−0.124%$67K$39K12xas long as short