Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.024%

Price spread now: GRVT against Pacifica+0.072%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$200.203% of the position

Long on Pacifica Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.072%, 7d avg +0.050%

Together, before fees−0.062%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.022% dearer against Pacifica than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.050%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.030% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	806.53	0.0100	pay 0.0013% / 1h	15m 14s	$1.2M	$924K	20x
Short	GRVT BNB_USDT_Perp	807.11	0	get 0.0000% / 8h	2h 15m	$3.0M	$29.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$21
Price spread: +0.072% → +0.050%: $2.16
Slippage, 4 orders: −$3.28
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$39.12
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	1.12 bp	5.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	0.06 bp	4.6 bp −$5	5.1 bp −$51	20.1 bp −$2,007	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 −0.0195% / S +0.0371%	1h	806.10	−0.053%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.66	+0.016%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perpshort	0.0000%	8h	807.11	+0.072%	$3.0M	$29.5M	10x
Kalshi KXBNBPERP	0.0000%	8h	806.70	+0.021%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.24	−0.036%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.16	−0.046%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.42	−0.013%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	−0.101%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0054%	8h	806.40	−0.016%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	805.80	−0.091%	$139.9M	$82.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	806.90	+0.046%	$610K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	806.56	+0.004%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	806.78	+0.032%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.10	−0.053%	$1.4M	$2.8M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	806.53	long leg	$1.2M	$924K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	806.10	−0.053%	$55.2M	$116.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.50	−0.004%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.05	−0.060%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.09	−0.055%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.86	−0.083%	$79.1M	$24.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.21	+0.085%	$4.2M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.78	+0.031%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.07	−0.057%	$114K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.29	−0.030%	$390K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.51	−0.003%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.79	+0.033%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.81	+0.034%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.54	+0.001%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.99	+0.057%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.93	−0.075%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.44	−0.012%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	807.00	+0.058%	$84.7M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0114%	8h	806.93	+0.050%	$521.4M	$806.0M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.045%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0125%	8h	806.92	+0.048%	$70.4M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0198%	1h	806.40	−0.016%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.41	−0.014%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0210%	1h	806.98	+0.056%	$52.3M	$21.6M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	+0.051%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	807.00	+0.058%	$18.8M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0240%	1h	806.40	−0.016%	$171K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.68	+0.018%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.84	−0.086%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.84	+0.038%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.203%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0653%	1h	807.08	+0.068%	$3.0M	$5.5M	40x	as long as short