BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.063%

Price spread now: Reya against Phoenix−0.273%59s7-day average — · you buy dearer than you sell

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

Long on Phoenix 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

Funding pays, the price is against you. Reya is 0.273% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.273% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 4.6 days of funding at the current rate (+$6 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BNB	787.25	0.0116	pay 0.0014% / 1h	30m 17s	$158K	$45K	10x
Short	Reya BNBRUSDPERP	785.10	0.0315	get 0.0039% / 1h	30m 17s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Phoenix. 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 PhoenixbpFee ReyabpOrdersPrice spread, now −0.273%Rate

Funding earned: $41.81
Price spread: −0.273% → 0.000%: −$27.32
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.49
Costs to cover: 0.130%
Break-even: 6.8 days

Slippage unknown: Phoenix: 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 Phoenix live order book, 4 min ago	1.02 bp	12.4 bp −$12	50.9 bp −$509	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 45 exchanges

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 −0.0166% / S +0.0336%	1h	785.55	−0.217%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.66	−0.202%	$2.6M	$1.4M	50x	as long as short
Bybit BNBUSDT	−0.0071%	8h	785.19	−0.262%	$138.7M	$65.0M	75x	as long as short
BingX BNB-USDT	−0.0067%	8h	785.69	−0.198%	—	$50.2M	—	as long as short
Aster BNBUSDT	0.0000%	8h	786.22	−0.131%	$5.9M	$16.5M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.09	−0.021%	$2.9M	$26.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.30	−0.121%	$171K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.91	−0.043%	$849K	$3.0M	30x	as long as short
MEXC BNB_USDT	+0.0006%	8h	787.30	+0.006%	$83.4M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0006%	8h	786.18	−0.136%	$479.9M	$741.4M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.54	−0.217%	$9.5M	—	150x	as long as short
BloFin BNB-USDT	+0.0030%	8h	786.60	−0.083%	$18.5M	$2.2M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.266%	$19K	$789K	30x	as long as short
Variational Omni BNB	+0.0063%	8h	785.53	−0.219%	$4.3M	$3.9M	—	as long as short
Phemex BNBUSDT	+0.0079%	8h	786.28	−0.123%	$68.2M	$49.8M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.79	−0.185%	$2.7M	$3.0M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.39	−0.237%	$1.3M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.32	−0.118%	$52.1M	$16.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.89	−0.173%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.40	−0.235%	$53.3M	$98.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.90	−0.171%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.55	−0.216%	$42.5M	$52.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.50	−0.222%	$28.2M	$9.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.21	−0.259%	$75.8M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.36	−0.113%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.04	−0.027%	$4.1M	$71.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.12	−0.017%	$158K	$460K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.48	−0.225%	$126K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.58	−0.212%	$264K	$258K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.75	−0.191%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.56	−0.087%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.80	−0.184%	$386K	$913K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	785.89	−0.172%	$1.5M	$127K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.28	−0.123%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.10	−0.146%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.05	−0.279%	$1.8M	$5.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.50	−0.222%	$377K	$110K	10x	as long as short
Phoenix BNBlong	+0.0116%	1h	787.25	long leg	$158K	$45K	10x
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.48	−0.098%	$537K	$1.7M	50x	as long as short
dYdX BNB-USD	+0.0199%	1h	785.86	−0.176%	$158K	$31K	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	786.27	−0.125%	$67K	$33K	12x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	786.19	−0.135%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0269%	1h	787.35	+0.013%	$637K	$13K	10x	as long as short
Reya BNBRUSDPERPshort	+0.0315%	1h	785.10	−0.273%	$6K	$3K	40x
RISEx BNB/USDC	+0.0391%	1h	785.83	−0.181%	$1.1M	$893K	20x	as long as short