BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.022%

Price spread now: Backpack against Reya+0.097%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.097% dearer against Reya than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	794.14	0.0329	pay 0.0041% / 1h	21m 13s	$6K	$3K	40x
Short	Backpack BNB_USDC_PERP	794.91	0.0383	get 0.0048% / 1h	21m 13s	$2.7M	$5.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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

Position, each leg$Hold fordaysFee ReyabpFee BackpackbpOrdersPrice spread, now +0.097%Rate

Funding earned: $11.34
Price spread: +0.097% → 0.000%: $9.66
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $4.99
Costs to cover: 0.160%
Break-even: 3.9 days

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.06 bp	7.6 bp −$8	11.0 bp −$110	doesn't fit	doesn'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 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	794.28	+0.017%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	794.11	−0.004%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.69	+0.069%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.71	+0.197%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.31	+0.021%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	+0.186%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.378%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	794.96	+0.102%	$6.1M	$19.7M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	794.30	+0.020%	—	$34.9M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	794.76	+0.078%	$69.5M	$50.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0052%	8h	794.25	+0.013%	$35.4M	$56.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.175%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	794.90	+0.095%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	794.69	+0.069%	$494.3M	$810.0M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0070%	8h	795.62	+0.186%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0076%	1h	794.57	+0.054%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.99	+0.107%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	794.33	+0.024%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.15	+0.001%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	794.35	+0.026%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.07	+0.117%	$52.1M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.62	+0.060%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.12	−0.003%	$138.8M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.00	−0.018%	$53.2M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.70	+0.070%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.12	−0.003%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.81	−0.042%	$77.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.49	+0.169%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.56	+0.178%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.37	+0.029%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.38	+0.030%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.79	+0.082%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.30	+0.020%	$390K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.28	+0.017%	$8.2M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.05	+0.114%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.93	−0.027%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.26	+0.015%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.74	+0.075%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	794.90	+0.095%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.224%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	794.94	+0.100%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	794.69	+0.068%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERPlong	+0.0329%	1h	794.14	long leg	$6K	$3K	40x
Backpack BNB_USDC_PERPshort	+0.0383%	1h	794.91	+0.097%	$2.7M	$5.7M	40x
Hibachi BNB/USDT-P	+0.0528%	1h	795.47	+0.168%	$68K	$38K	12x	as long as short