Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.013%

Price spread now: Pacifica against BingX+0.062%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.062%, 7d avg +0.027%

Together, before fees+0.012%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.035% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	798.33	−0.0007	get 0.0007% / 8h	7h 21m	—	$35.0M	—
Short	Pacifica BNB	798.83	0.0100	get 0.0013% / 1h	21m 23s	$1.2M	$924K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now +0.062%Rate

Funding earned: $22.47
Price spread: +0.062% → +0.027%: $3.55
Slippage, 4 orders: −$5.46
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $2.56
Costs to cover: 0.235%
Break-even: 6.2 days

Slippage from BingX: live order book, 2 min ago; Pacifica: live order book, 3 min ago.

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 BingX live order book, 2 min ago	0.13 bp	5.1 bp −$5	5.2 bp −$52	10.0 bp −$1,003	36.2 bp −$18.1K
Sell Pacifica live order book, 3 min ago	1.06 bp	7.3 bp −$7	doesn't fit	doesn't fit	doesn't fit

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 −0.0159% / S +0.0335%	1h	798.30	−0.004%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.41	+0.010%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.95	+0.078%	$4K	$239	25x	as long as short
BingX BNB-USDTlong	−0.0007%	8h	798.33	long leg	—	$35.0M	—
GRVT BNB_USDT_Perp	0.0000%	8h	800.63	+0.289%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.35	+0.128%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.29	+0.120%	$69.8M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.077%	$4.1M	$5.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.24	−0.011%	$9.7M	—	150x	as long as short
Gate BNB_USDT	+0.0010%	8h	798.05	−0.035%	$35.7M	$56.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BNBUSDT	+0.0014%	8h	798.08	−0.031%	$138.6M	$76.3M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.847%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.093%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0055%	8h	798.92	+0.074%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0077%	8h	798.78	+0.057%	$495.9M	$811.4M	75x	as long as short
MEXC BNB_USDT	+0.0078%	8h	799.20	+0.109%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.73	+0.051%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.100%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.25	−0.010%	$1.5M	$2.7M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	798.83	+0.062%	$1.2M	$924K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	798.00	−0.041%	$54.1M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.90	+0.071%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.29	−0.005%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.84	−0.061%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.04	+0.214%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.98	+0.207%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.35	+0.003%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.26	−0.009%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.39	+0.008%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.94	+0.076%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	+0.021%	$393K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.72	+0.049%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.17	+0.106%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.87	−0.058%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.42	+0.012%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.119%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.55	+0.028%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	799.40	+0.134%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0200%	8h	799.81	+0.185%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.75	+0.053%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.74	+0.051%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0202%	1h	799.08	+0.094%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	799.00	+0.084%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0301%	1h	799.00	+0.084%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.81	−0.065%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0396%	1h	799.48	+0.144%	$2.7M	$5.7M	40x	as long as short