Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Pacifica against Coinbase International+0.061%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$330.329% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.124%+$12 on $10k
Price spread, last 3 days (all we have)+0.090%+$9 · spread now +0.061%, 7d avg +0.046%
Together, before fees+0.214%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX800.720.0072pay 0.0009% / 1h58m 59s$607K$998K50x
ShortPacifica BNB801.210.0100get 0.0013% / 1h58m 59s$1.2M$926K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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
$5.88
Price spread: +0.061% → +0.046%
$1.45
Slippage, 4 orders
−$14.89
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$25.55
Costs to cover
0.329%
Break-even
37.4 days
Slippage from Coinbase International: live order book, 19 min ago; Pacifica: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 19 min ago3.62 bp9.0 bp −$913.2 bp −$132doesn't fitdoesn't fit
Sell Pacifica live order book, 5 min ago2.00 bp7.0 bp −$79.3 bp −$93doesn't fitdoesn't fit

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 −0.0201% / S +0.0372%1h800.94+0.027%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h801.35+0.079%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h801.15+0.054%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.99+0.034%$3.0M$28.4M10xas long as short
StandX BNB-USD0.0000%1h802.01+0.161%$867K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h800.92+0.025%$9.8M150xas long as short
Variational Omni BNB+0.0031%8h800.04−0.085%$4.2M$5.4Mas long as short
BingX BNB-USDC+0.0052%8h801.56+0.105%$13.3Mas long as short
Bybit BNBUSDT+0.0066%8h801.12+0.050%$139.3M$78.6M75xas long as short
Coinbase International BNB-PERP-INTXlong+0.0072%1h800.72long leg$607K$998K50x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h801.52+0.100%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h800.48−0.031%$1.4M$2.7M20xas long as short
Pacifica BNBshort+0.0100%1h801.21+0.061%$1.2M$926K20x
OKX BNB-USDT-SWAP+0.0100%8h801.30+0.072%$54.7M$113.8M50xas long as short
Arcus BNB-USD+0.0100%1h801.40+0.085%$53K$134K10xas long as short
Gate BNB_USDT+0.0100%8h801.30+0.072%$35.8M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h801.08+0.045%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h801.26+0.067%$80.9M$26.7M75xas long as short
edgeX BNBUSDC+0.0100%4h800.55−0.021%$4.2M$77.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.56−0.020%$161K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h800.78+0.007%$119K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h800.99+0.034%$387K$489K50xas long as short
Derive BNB-PERP+0.0100%1h801.18+0.058%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.40+0.085%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h800.97+0.031%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h801.71+0.124%$78K$19K50xas long as short
Aster BNBUSDT+0.0100%8h802.06+0.167%$6.4M$18.9M200xas long as short
Extended BNB-USD+0.0104%1h800.67−0.006%$1.9M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h801.34+0.077%$385K$40K10xas long as short
Phemex BNBUSDT+0.0114%8h801.43+0.089%$70.1M$51.0M50xas long as short
Kalshi KXBNBPERP+0.0117%8h801.10+0.047%$109K$2.9M4.8xas long as short
MEXC BNB_USDT+0.0119%8h802.40+0.210%$83.3M$13.5M200xas long as short
Binance BNBUSDT+0.0121%8h802.25+0.191%$502.0M$819.0M75xas long as short
Phoenix BNB+0.0155%1h800.77+0.006%$172K$34K10xas long as short
Hibachi BNB/USDT-P+0.0240%1h800.59−0.016%$71K$48K12xas long as short
BloFin BNB-USDT+0.0241%8h801.83+0.139%$18.2M$2.5M75xas long as short
SoDEX BNB-USD+0.0247%1h801.30+0.072%$394K$1.0M10xas long as short
RISEx BNB/USDC+0.0258%1h801.05+0.041%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0289%1h801.15+0.054%$651K$20K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h801.56+0.105%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.546%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0332%1h800.45−0.034%$6K$3K40xas long as short
Hyperliquid BNB+0.0335%1h802.28+0.195%$51.9M$21.6M10xas long as short
dYdX BNB-USD+0.0369%1h800.88+0.020%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0412%1h802.31+0.199%$2.7M$5.7M40xas long as short
01 Exchange BNBUSD+0.0448%1h801.71+0.124%$28K$1K10xas long as short