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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−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.062%
Price spread now: Arcus against Reya+0.037%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Arcus
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
The price spread pays, funding is against you. Arcus is 0.037% dearer against Reya than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya BNBRUSDPERP786.410.0321pay 0.0040% / 1h0m 16s$6K$3K40x
ShortArcus BNB-USD786.700.0100get 0.0013% / 1h0m 16s$52K$129K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Reya. 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
−$46.45
Price spread: +0.037% → 0.000%
$3.67
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$53.27
Costs to cover
0.105%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Arcus: live order book, 43 min ago. 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 Reya no order-book sample—————
Sell Arcus live order book, 43 min ago2.54 bp10.4 bp −$1021.7 bp −$217doesn't fitdoesn't fit
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%1h786.71+0.038%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.78+0.047%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.83+0.180%$850K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.71+0.037%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.375%$19K$789K30xas long as short
BingX BNB-USDT+0.0047%8h786.94+0.067%—$22.4M—as long as short
Aster BNBUSDT+0.0048%8h787.20+0.100%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0057%8h788.00+0.202%$81.1M$12.1M200xas long as short
Binance BNBUSDT+0.0057%8h787.29+0.112%$489.3M$821.2M75xas long as short
dYdX BNB-USD+0.0065%1h786.64+0.029%$159K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0075%8h787.38+0.123%$68.8M$51.4M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.43+0.130%$564K$1.9M50xas long as short
Lighter BNB+0.0096%1h786.93+0.066%$2.7M$3.9M20xas long as short
Nado BNB-PERP+0.0100%1h786.05−0.046%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h787.34+0.118%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h786.50+0.011%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h786.60+0.024%$138.4M$75.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.50+0.011%$53.5M$113.2M50xas long as short
Arcus BNB-USDshort+0.0100%1h786.70+0.037%$52K$129K10x
Gate BNB_USDT+0.0100%8h786.80+0.049%$38.0M$59.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.24−0.022%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.57+0.020%$76.7M$31.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.65+0.030%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h785.91−0.063%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.27+0.110%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.69+0.163%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.60+0.024%$131K$953K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.78+0.047%$265K$454K50xas long as short
Derive BNB-PERP+0.0100%1h787.05+0.081%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.78+0.047%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.90+0.062%$387K$976K10xas long as short
HTX BNB-USDT+0.0100%8h786.64+0.029%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.89+0.061%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h786.35−0.008%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h786.79+0.048%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0117%8h787.00+0.075%$171K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h787.76+0.172%$169K$35K10xas long as short
BloFin BNB-USDT+0.0177%8h786.92+0.065%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.22+0.103%$1.5M$145K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h786.71+0.038%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0227%8h787.38+0.123%$2.9M$28.6M10xas long as short
Bulk BNB-USD+0.0230%1h786.88+0.060%$638K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h787.10+0.088%$28K$4K10xas long as short
Reya BNBRUSDPERPlong+0.0321%1h786.41long leg$6K$3K40x
RISEx BNB/USDC+0.0438%1h786.76+0.044%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0464%1h786.61+0.025%$67K$39K12xas long as short