Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Nado+0.071%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Nado Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.071%, 7d avg +0.052%

Together, before fees−0.045%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	801.89	0.0100	pay 0.0012% / 1h	49m 32s	$1.4M	$2.8M	20x
Short	Pacifica BNB	802.46	0.0100	get 0.0013% / 1h	49m 32s	$1.2M	$923K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Nado. 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 NadobpFee PacificabpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.052%: $1.88
Slippage, 4 orders: −$4.73
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$17.85
Costs to cover: 0.197%
Break-even: 1833826778078297.3 days

Slippage from Nado: live order book, 4 min ago; Pacifica: live order book, 4 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 Nado live order book, 4 min ago	0.06 bp	4.6 bp −$5	9.8 bp −$98	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	1.49 bp	5.7 bp −$6	8.4 bp −$84	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 −0.0195% / S +0.0371%	1h	802.40	+0.064%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.82	+0.116%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.08	+0.148%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.70	+0.101%	$109K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.33	+0.179%	$868K	$3.0M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	802.90	+0.125%	$1.6M	$162K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.47	+0.072%	$9.7M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.40	+0.064%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	+0.033%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0070%	8h	802.31	+0.052%	—	$13.3M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0086%	8h	802.94	+0.131%	$6.4M	$18.9M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.262%	$608K	$899K	50x	as long as short
Lighter BNB	+0.0096%	1h	802.31	+0.053%	$2.8M	$4.2M	20x	as long as short
Bybit BNBUSDT	+0.0098%	8h	801.80	−0.012%	$138.8M	$83.5M	75x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	801.89	long leg	$1.4M	$2.8M	20x
Pacifica BNBshort	+0.0100%	1h	802.46	+0.071%	$1.2M	$923K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	802.20	+0.038%	$54.9M	$115.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.50	+0.076%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.95	+0.007%	$35.9M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.22	+0.041%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.77	−0.015%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.76	+0.233%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	+0.178%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.18	+0.036%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.42	+0.066%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.58	+0.086%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.48	+0.197%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.40	+0.063%	$395K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.47	+0.072%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.90	+0.126%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.40	+0.188%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	802.83	+0.117%	$517.9M	$807.2M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	801.83	−0.008%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.49	+0.075%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0123%	8h	802.97	+0.134%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.11	+0.152%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.194%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0161%	1h	802.90	+0.126%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.63	+0.092%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0216%	1h	802.35	+0.057%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.27	+0.172%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.79	+0.112%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	802.94	+0.131%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	801.97	+0.010%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.378%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0671%	1h	803.50	+0.200%	$3.0M	$5.3M	40x	as long as short