Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h +0.011%

Price spread now: Aster against Pacifica+0.030%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.030%, 7d avg +0.041%

Together, before fees−0.090%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	799.38	0.0100	pay 0.0013% / 1h	16m 13s	$1.2M	$926K	20x
Short	Aster BNBUSDT	799.62	0.0087	get 0.0087% / 8h	16m 13s	$6.2M	$19.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$2.82
Price spread: +0.030% → +0.041%: −$1.14
Slippage, 4 orders: −$4.82
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.78
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Aster: 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 Pacifica live order book, 3 min ago	1.00 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.75 bp	4.8 bp −$5	5.4 bp −$54	17.6 bp −$1,763	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 −0.0201% / S +0.0372%	1h	799.04	−0.043%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.50	+0.015%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.02	−0.045%	$2.5M	$973K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.52	+0.017%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.36	−0.003%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.16	−0.028%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.73	−0.081%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0033%	8h	799.22	−0.020%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0041%	8h	798.80	−0.073%	$138.6M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.77	−0.077%	$604K	$985K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDTshort	+0.0087%	8h	799.62	+0.030%	$6.2M	$19.1M	200x
Lighter BNB	+0.0096%	1h	799.32	−0.008%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.80	−0.073%	$1.4M	$2.7M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	799.38	long leg	$1.2M	$926K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.060%	$54.4M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.30	−0.010%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.90	−0.060%	$35.8M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.95	−0.054%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.81	−0.072%	$79.1M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.39	+0.001%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.62	+0.030%	$161K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.96	−0.053%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.03	−0.044%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.17	−0.027%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.56	+0.022%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.20	−0.023%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.44	+0.007%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.12	−0.033%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.66	+0.034%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.65	−0.092%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.14	−0.031%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0106%	8h	799.57	+0.023%	$69.9M	$50.7M	50x	as long as short
Binance BNBUSDT	+0.0107%	8h	799.58	+0.025%	$498.3M	$818.5M	75x	as long as short
MEXC BNB_USDT	+0.0108%	8h	800.10	+0.090%	$83.1M	$13.6M	200x	as long as short
Phoenix BNB	+0.0127%	1h	799.34	−0.005%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	799.40	+0.002%	$89K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.63	−0.094%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0214%	1h	799.38	0.000%	$649K	$17K	10x	as long as short
Hyperliquid BNB	+0.0219%	1h	799.90	+0.065%	$52.4M	$21.2M	10x	as long as short
BloFin BNB-USDT	+0.0228%	8h	798.97	−0.052%	$18.1M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.22	−0.021%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	799.67	+0.036%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.714%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.67	−0.090%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0354%	1h	798.70	−0.086%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0372%	1h	799.55	+0.021%	$2.7M	$5.7M	40x	as long as short