BNB

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: Coinbase International against Pacifica+0.085%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

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

costs, in and out, $10k−$310.309% of the position

Long on Pacifica Short on Coinbase International

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)−0.257%−$26 · spread now +0.085%, 7d avg −0.047%

Together, before fees−0.381%+ Points / potential airdropPacifica: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.131% dearer against Pacifica than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.047%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.124% in total) that is about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	800.04	0.0100	pay 0.0013% / 1h	33m 45s	$1.2M	$926K	20x
Short	Coinbase International BNB-PERP-INTX	800.72	0.0072	get 0.0009% / 1h	33m 45s	$607K	$994K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$5.88
Price spread: +0.085% → −0.047%: $13.12
Slippage, 4 orders: −$12.87
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.63
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Coinbase International: live order book, 45 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, 5 min ago	1.31 bp	5.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 45 min ago	3.62 bp	10.0 bp −$10	14.6 bp −$146	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 −0.0201% / S +0.0372%	1h	800.00	−0.006%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.25	+0.026%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.73	−0.039%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	+0.118%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.23	+0.148%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.06	+0.002%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	799.96	−0.011%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0045%	8h	799.94	−0.013%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0050%	8h	799.50	−0.068%	$138.7M	$78.4M	75x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0072%	1h	800.72	+0.085%	$607K	$994K	50x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0095%	8h	800.44	+0.050%	$6.3M	$19.0M	200x	as long as short
Lighter BNB	+0.0096%	1h	800.17	+0.016%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.65	−0.049%	$1.4M	$2.7M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	800.04	long leg	$1.2M	$926K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	799.60	−0.055%	$54.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	+0.045%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.70	−0.043%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.68	−0.045%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.78	−0.033%	$79.3M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.06	+0.127%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.03	+0.123%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.86	−0.023%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.95	−0.012%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.21	+0.021%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.43	+0.049%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.00	−0.005%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.40	+0.044%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.47	+0.054%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.51	−0.067%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.09	+0.006%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	800.57	+0.066%	$70.0M	$50.7M	50x	as long as short
Kalshi KXBNBPERP	+0.0116%	8h	800.90	+0.107%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.41	+0.046%	$500.0M	$816.2M	75x	as long as short
MEXC BNB_USDT	+0.0118%	8h	800.90	+0.107%	$83.2M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	800.81	+0.096%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0188%	1h	800.55	+0.063%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0200%	1h	800.34	+0.037%	$70K	$44K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.34	+0.037%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0238%	8h	800.74	+0.087%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	800.10	+0.007%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.222%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.631%	$19K	$789K	30x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	800.62	+0.072%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.55	−0.062%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0401%	1h	800.10	+0.008%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0414%	1h	800.70	+0.082%	$2.7M	$5.7M	40x	as long as short