Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.066%

Price spread now: Reya against OKX−0.085%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.085% cheaper against OKX than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 30 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	OKX BNB-USDT-SWAP	787.90	0.0100	pay 0.0100% / 8h	6h 15m	$53.5M	$113.5M	50x
Short	Reya BNBRUSDPERP	787.23	0.0328	get 0.0041% / 1h	15m 13s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now −0.085%Rate

Funding earned: $47.96
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $23.47
Costs to cover: 0.160%
Break-even: 3.6 days

Slippage unknown: OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	0.63 bp	6.8 bp −$7	9.1 bp −$91	21.8 bp −$2,175	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 45 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 −0.0167% / S +0.0335%	1h	787.55	−0.045%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0133%	1h	787.92	+0.003%	$2.5M	$1.1M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.19	−0.090%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.90	+0.762%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	787.63	−0.035%	$9.6M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	787.77	−0.017%	$6.0M	$20.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.182%	$19K	$789K	30x	as long as short
Gate BNB_USDT	+0.0038%	8h	788.10	+0.025%	$35.1M	$57.2M	75x	as long as short
Variational Omni BNB	+0.0044%	8h	790.50	+0.330%	$4.1M	$4.9M	—	as long as short
BingX BNB-USDC	+0.0050%	8h	787.99	+0.011%	—	$13.4M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	786.59	−0.166%	$618K	$1.8M	50x	as long as short
Phemex BNBUSDT	+0.0057%	8h	788.56	+0.084%	$68.9M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	788.90	+0.127%	$80.2M	$13.1M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	788.68	+0.099%	$490.6M	$823.7M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0069%	8h	793.89	+0.760%	$3.0M	$28.4M	10x	as long as short
dYdX BNB-USD	+0.0083%	1h	786.74	−0.147%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.20	+0.800%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.19	+0.037%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.61	−0.037%	$381K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.08	−0.104%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.66	+0.096%	$51.7M	$19.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.72	−0.150%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.02	+0.015%	$139.0M	$79.3M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	787.90	long leg	$53.5M	$113.5M	50x
Arcus BNB-USD	+0.0100%	1h	787.70	−0.025%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.84	−0.008%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.11	+0.027%	$77.7M	$29.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.72	+0.738%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.68	+0.734%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.42	−0.061%	$137K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.81	−0.011%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.56	−0.170%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	+0.013%	$387K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.64	−0.033%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.73	−0.022%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.41	−0.062%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.15	+0.032%	$379K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	787.42	−0.061%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	788.00	+0.013%	$91K	$2.9M	4.8x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.08	+0.022%	$1.5M	$160K	25x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.776%	$643K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	787.77	−0.016%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERPshort	+0.0328%	1h	787.23	−0.085%	$6K	$3K	40x
Backpack BNB_USDC_PERP	+0.0391%	1h	788.91	+0.128%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	793.63	+0.727%	$68K	$38K	12x	as long as short