BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.039%

Price spread now: Deribit against Reya+0.107%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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.107% dearer against Reya than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	786.20	0.0321	pay 0.0040% / 1h	52m 10s	$6K	$3K	40x
Short	Deribit BNB_USDC-PERPETUAL	787.04	0.0200	get 0.0025% / 1h	52m 10s	$1.5M	$145K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$25.41
Price spread: +0.107% → 0.000%: $10.65
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$27.76
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 2 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 Deribit live order book, 2 min ago	3.24 bp	6.7 bp −$7	12.7 bp −$127	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 46 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 −0.0168% / S +0.0337%	1h	786.52	+0.040%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.81	+0.078%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.72	+0.067%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.08	+0.112%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.51	+0.040%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.403%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0046%	8h	786.80	+0.076%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	787.05	+0.108%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0056%	8h	788.00	+0.229%	$81.1M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0056%	8h	787.33	+0.143%	$489.3M	$821.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0073%	1h	786.61	+0.053%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0078%	8h	787.18	+0.125%	$68.8M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.75	+0.070%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.08	+0.112%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.25	+0.006%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.41	+0.154%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.66	+0.059%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.80	+0.076%	$138.4M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	+0.038%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	+0.064%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	+0.070%	$38.1M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.34	+0.018%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.50	+0.038%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.23	+0.131%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.70	−0.063%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.65	+0.058%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.75	+0.070%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.44	+0.031%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.63	+0.055%	$265K	$439K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.76	+0.071%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.15	+0.121%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	+0.076%	$387K	$975K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.78	+0.074%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.87	+0.085%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.24	+0.006%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.74	+0.068%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.77	+0.073%	$563K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	786.90	+0.089%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0176%	8h	786.80	+0.076%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0200%	1h	787.04	+0.107%	$1.5M	$145K	25x
GRVT BNB_USDT_Perp	+0.0226%	8h	787.01	+0.103%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	+0.087%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	787.07	+0.111%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0321%	1h	786.20	long leg	$6K	$3K	40x
RISEx BNB/USDC	+0.0350%	1h	786.73	+0.068%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	786.98	+0.099%	$67K	$39K	12x	as long as short