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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.047%
Price spread now: BloFin against Pacifica+0.017%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$250.249% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 3 days (all we have)−0.349%−$35 · spread now +0.017%, 7d avg +0.055%
Together, before fees−0.205%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.038% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.055%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BNB802.650.0100pay 0.0013% / 1h48m 36s$1.2M$923K20x
ShortBloFin BNB-USDT802.790.0222get 0.0222% / 8h2h 48m$18.8M$3.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$25.7
Price spread: +0.017% → +0.055%
−$3.8
Slippage, 4 orders
−$4.94
Fee Pacifica: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$3.04
Costs to cover
0.249%
Break-even
7.8 days
Slippage from Pacifica: live order book, just now; BloFin: 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 Pacifica live order book, just now0.69 bp7.6 bp −$89.6 bp −$96doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.12 bp6.3 bp −$68.7 bp −$8714.9 bp −$1,485doesn'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 −0.0195% / S +0.0371%1h802.28−0.046%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.66+0.001%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.08+0.054%$3.0M$30.0M10xas long as short
Kalshi KXBNBPERP0.0000%8h802.90+0.031%$109K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.05+0.050%$868K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.22−0.054%$9.7M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h802.31−0.042%$2.5M$916K50xas long as short
Variational Omni BNB+0.0063%8h802.15−0.062%$4.1M$5.3Mas long as short
BingX BNB-USDC+0.0070%8h802.48−0.021%$13.3Mas long as short
Aster BNBUSDT+0.0085%8h802.90+0.031%$6.4M$18.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.167%$608K$898K50xas long as short
Bybit BNBUSDT+0.0096%8h801.98−0.083%$138.8M$83.0M75xas long as short
Lighter BNB+0.0096%1h802.57−0.010%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.25−0.050%$1.4M$2.8M20xas long as short
Pacifica BNBlong+0.0100%1h802.65long leg$1.2M$923K20x
OKX BNB-USDT-SWAP+0.0100%8h802.40−0.031%$54.9M$115.1M50xas long as short
Arcus BNB-USD+0.0100%1h802.70+0.006%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h802.20−0.056%$35.9M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.21−0.055%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h802.16−0.061%$78.9M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.76+0.138%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.32+0.083%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.18−0.059%$118K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.21−0.055%$388K$595K50xas long as short
Derive BNB-PERP+0.0100%1h802.42−0.029%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h802.83+0.022%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h802.30−0.044%$395K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h802.72+0.008%$1.6M$162K25xas long as short
HTX BNB-USDT+0.0100%8h802.58−0.009%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.09+0.054%$78K$19K50xas long as short
Binance BNBUSDT+0.0102%8h803.10+0.056%$518.0M$806.6M75xas long as short
MEXC BNB_USDT+0.0102%8h803.60+0.118%$84.3M$13.5M200xas long as short
Extended BNB-USD+0.0104%1h802.18−0.059%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h802.35−0.038%$385K$40K10xas long as short
Phemex BNBUSDT+0.0123%8h802.78+0.016%$70.1M$51.6M50xas long as short
Phoenix BNB+0.0125%1h803.11+0.057%$173K$35K10xas long as short
Bulk BNB-USD+0.0161%1h803.45+0.100%$649K$11K10xas long as short
Hyperliquid BNB+0.0161%1h803.07+0.052%$51.6M$21.3M10xas long as short
dYdX BNB-USD+0.0207%1h802.35−0.037%$170K$55K10xas long as short
RISEx BNB/USDC+0.0209%1h802.86+0.026%$1.1M$1.4M20xas long as short
BloFin BNB-USDTshort+0.0222%8h802.79+0.017%$18.8M$3.1M75x
Hibachi BNB/USDT-P+0.0248%1h802.79+0.018%$71K$48K12xas long as short
01 Exchange BNBUSD+0.0320%1h803.23+0.072%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0335%1h801.97−0.085%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.283%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0682%1h803.45+0.100%$3.0M$5.3M40xas long as short