BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0300%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.019%

Price spread now: Deribit against Pacifica+0.075%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$280.281% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.075%, 7d avg +0.013%

Together, before fees−0.006%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.062% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	793.88	0.0100	pay 0.0013% / 1h	31m 34s	$1.2M	$926K	20x
Short	Deribit BNB_USDC-PERPETUAL	794.48	0.0400	get 0.0050% / 1h	31m 34s	$1.6M	$161K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.075%Rate

Funding earned: $63
Price spread: +0.075% → +0.013%: $6.19
Slippage, 4 orders: −$13.11
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $41.08
Costs to cover: 0.281%
Break-even: 2.4 days

Slippage from Pacifica: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago	1.32 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	4.35 bp	7.8 bp −$8	14.2 bp −$142	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	794.00	+0.015%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.86	−0.002%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.96	+0.010%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.56	−0.040%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.93	+0.006%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	792.33	−0.196%	$4.0M	$4.9M	—	as long as short
Gate BNB_USDT	+0.0029%	8h	793.45	−0.054%	$35.3M	$55.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.412%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	794.31	+0.054%	$6.1M	$19.8M	200x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.054%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0049%	8h	793.80	−0.010%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0054%	8h	794.45	+0.072%	$69.5M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.341%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	794.30	+0.053%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	794.37	+0.062%	$494.2M	$811.9M	75x	as long as short
dYdX BNB-USD	+0.0064%	1h	793.98	+0.013%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	792.22	−0.209%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.87	−0.002%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.98	+0.013%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.30	−0.073%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.09	+0.026%	$52.0M	$19.8M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	793.88	long leg	$1.2M	$926K	20x
Bybit BNBUSDT	+0.0100%	8h	793.70	−0.023%	$138.4M	$76.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.40	−0.060%	$53.2M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.90	+0.003%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.37	−0.064%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.42	−0.058%	$77.3M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.22	−0.084%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.21	−0.084%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.04	+0.020%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.15	+0.034%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.60	+0.091%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.10	+0.028%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.11	−0.098%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.90	+0.002%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.29	−0.074%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.03	+0.019%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.85	−0.004%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERP	+0.0161%	8h	793.90	+0.003%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.161%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	794.30	+0.053%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.81	−0.009%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0397%	1h	794.38	+0.063%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0400%	1h	794.48	+0.075%	$1.6M	$161K	25x
Hibachi BNB/USDT-P	+0.0536%	1h	793.29	−0.074%	$68K	$38K	12x	as long as short