Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Pacifica+0.003%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	798.37	0.0100	pay 0.0013% / 1h	20m 33s	$1.2M	$924K	20x
Short	Derive BNB-PERP	798.39	0.0100	get 0.0013% / 1h	20m 33s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → 0.000%: $0.31
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.69
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Derive: no order-book sample. Net counts fees only.

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	1.06 bp	5.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0159% / S +0.0335%	1h	798.30	−0.009%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.41	+0.005%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.54	+0.021%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0007%	8h	798.25	−0.015%	—	$35.0M	—	as long as short
Gate BNB_USDT	−0.0002%	8h	798.00	−0.046%	$35.9M	$56.7M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.63	+0.284%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.19	+0.103%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.082%	$4.1M	$5.0M	—	as long as short
Bybit BNBUSDT	+0.0006%	8h	798.01	−0.045%	$138.6M	$76.2M	75x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.24	−0.016%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0009%	8h	798.92	+0.069%	$69.8M	$50.0M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.842%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.088%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0055%	8h	798.65	+0.035%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0076%	8h	798.77	+0.050%	$495.9M	$811.4M	75x	as long as short
MEXC BNB_USDT	+0.0077%	8h	799.20	+0.104%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.31	−0.008%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.095%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	−0.065%	$1.4M	$2.7M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	798.37	long leg	$1.2M	$924K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	798.10	−0.034%	$54.1M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	+0.029%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.11	−0.033%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.73	−0.080%	$78.1M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.04	+0.209%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.98	+0.202%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.15	−0.028%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.26	−0.014%	$386K	$459K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	798.39	+0.003%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	798.94	+0.071%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	+0.016%	$393K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.09	−0.035%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.75	+0.048%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.82	−0.069%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.42	+0.007%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.114%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.26	−0.013%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.20	+0.104%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	798.81	+0.055%	$18.0M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.82	+0.056%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.74	+0.046%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	798.40	+0.004%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	799.00	+0.079%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0299%	1h	798.92	+0.069%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.86	−0.064%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0400%	1h	799.37	+0.125%	$2.7M	$5.7M	40x	as long as short