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

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.003%
Price spread now: Bybit against Pacifica−0.110%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Long on PacificaShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.117%−$12 on $10k
Price spread, last 7 days+0.040%+$4 · spread now −0.110%, 7d avg −0.075%
Together, before fees−0.077%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.035% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BNB806.910.0100pay 0.0013% / 1h17m 14s$1.2M$924K20x
ShortBybit BNBUSDT806.020.0077get 0.0077% / 8h2h 17m$139.8M$82.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$4.83
Price spread: −0.110% → −0.075%
−$3.51
Slippage, 4 orders
−$5.89
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$33.22
Costs to cover
0.249%
Break-even
never at this rate
Slippage from Pacifica: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago1.12 bp5.5 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago0.62 bp7.1 bp −$710.2 bp −$10229.8 bp −$2,977163.0 bp −$81.5K

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%1h806.59−0.039%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h807.10+0.024%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h807.05+0.018%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.80−0.013%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.62−0.035%$872K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.69−0.027%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.58−0.041%$2.5M$908K50xas long as short
Variational Omni BNB+0.0050%8h805.91−0.124%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0054%8h806.77−0.017%—$34.5M—as long as short
Bybit BNBUSDTshort+0.0077%8h806.02−0.110%$139.8M$82.5M75x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h806.90−0.001%$610K$883K50xas long as short
Lighter BNB+0.0096%1h806.70−0.025%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h807.35+0.054%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h806.50−0.050%$1.4M$2.8M20xas long as short
Pacifica BNBlong+0.0100%1h806.91long leg$1.2M$924K20x
OKX BNB-USDT-SWAP+0.0100%8h806.20−0.088%$55.3M$116.2M50xas long as short
Arcus BNB-USD+0.0100%1h807.10+0.024%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.55−0.044%$36.1M$58.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.54−0.045%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.30−0.075%$79.1M$24.7M75xas long as short
edgeX BNBUSDC+0.0100%4h807.34+0.054%$4.2M$77.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.58−0.040%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.56−0.043%$115K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.71−0.024%$390K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.86−0.006%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h807.35+0.054%$14K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h807.22+0.039%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h806.84−0.008%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.37+0.058%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.38−0.065%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.85−0.006%$388K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h807.70+0.098%$84.8M$13.6M200xas long as short
Binance BNBUSDT+0.0114%8h806.96+0.007%$521.4M$806.0M75xas long as short
Phoenix BNB+0.0125%1h806.38−0.065%$173K$35K10xas long as short
Phemex BNBUSDT+0.0127%8h807.14+0.029%$70.4M$51.8M50xas long as short
Hyperliquid BNB+0.0196%1h807.35+0.055%$51.9M$21.4M10xas long as short
SoDEX BNB-USD+0.0206%1h806.70−0.026%$397K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.94+0.005%$1.2M$1.5M20xas long as short
Bulk BNB-USD+0.0217%1h806.94+0.004%$652K$11K10xas long as short
BloFin BNB-USDT+0.0234%8h807.24+0.041%$18.8M$3.1M75xas long as short
dYdX BNB-USD+0.0241%1h807.07+0.020%$171K$55K10xas long as short
Hibachi BNB/USDT-P+0.0248%1h806.79−0.014%$72K$48K12xas long as short
Reya BNBRUSDPERP+0.0334%1h806.34−0.070%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h807.47+0.070%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.250%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0653%1h807.48+0.071%$3.0M$5.5M40xas long as short