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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.082%
Price spread now: Hibachi against Pacifica−0.039%46s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.424%+$42 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Hibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.039% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 21 hours of funding at the current rate (+$4 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BNB804.340.0100pay 0.0013% / 1h30m 36s$1.2M$923K20x
ShortHibachi BNB/USDT-P804.020.0248get 0.0031% / 1h30m 36s$71K$48K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
$31.08
Price spread: −0.039% → 0.000%
−$3.93
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$10.15
Costs to cover
0.170%
Break-even
4.7 days
Slippage unknown: Pacifica: live order book, 3 min ago; Hibachi: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 3 min ago1.24 bp6.0 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Hibachi no order-book sample
Hibachi: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h804.07−0.034%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.19−0.019%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90−0.055%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.50+0.020%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.052%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.10−0.030%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h804.33−0.001%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.214%$4.0M$5.3Mas long as short
BingX BNB-USDT+0.0054%8h804.18−0.020%$34.5Mas long as short
Bybit BNBUSDT+0.0075%8h803.80−0.067%$139.4M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19−0.019%$609K$878K50xas long as short
Aster BNBUSDT+0.0090%8h804.76+0.052%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.30−0.005%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.49−0.105%$1.4M$2.8M20xas long as short
Pacifica BNBlong+0.0100%1h804.34long leg$1.2M$923K20x
OKX BNB-USDT-SWAP+0.0100%8h804.00−0.042%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.30−0.005%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h803.95−0.048%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.95−0.048%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.79−0.068%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.49+0.019%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.32−0.002%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.09−0.031%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.15−0.024%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h804.28−0.008%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.48+0.017%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.84−0.062%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.81+0.058%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.77−0.071%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.35+0.001%$386K$40K10xas long as short
MEXC BNB_USDT+0.0106%8h805.10+0.094%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.81+0.058%$519.3M$802.9M75xas long as short
Phemex BNBUSDT+0.0124%8h804.77+0.053%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93−0.051%$173K$35K10xas long as short
Hyperliquid BNB+0.0157%1h804.83+0.061%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0169%1h804.20−0.017%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.340.000%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.67+0.041%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.38+0.006%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0226%8h804.88+0.067%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-Pshort+0.0248%1h804.02−0.039%$71K$48K12x
dYdX BNB-USD+0.0277%1h804.28−0.007%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.86+0.065%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.83−0.063%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.072%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0660%1h805.11+0.096%$3.0M$5.4M40xas long as short