Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.011%

Price spread now: MEXC against Pacifica+0.091%45s7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.159% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.096%+$10 · spread now +0.091%, 7d avg +0.149%

Together, before fees+0.019%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.057% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.149%). If the spread goes back, that is −$6 on $10k: about 13 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	799.57	0.0100	pay 0.0013% / 1h	28m 45s	$1.2M	$926K	20x
Short	MEXC BNB_USDT	800.30	0.0115	get 0.0115% / 8h	28m 45s	$83.1M	$13.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.091%Rate

Funding earned: $3.15
Price spread: +0.091% → +0.149%: −$5.72
Slippage, 4 orders: −$3.91
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$18.49
Costs to cover: 0.159%
Break-even: 48.1 days

Slippage from Pacifica: live order book, just now; MEXC: live order book, 5 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, just now	0.56 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.25 bp	3.2 bp −$3	5.6 bp −$56	16.8 bp −$1,676	31.6 bp −$15.8K

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	799.44	−0.016%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.77	+0.025%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.29	−0.035%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.089%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.20	+0.079%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.50	−0.008%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0017%	8h	799.36	−0.027%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0041%	8h	799.48	−0.011%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0048%	8h	798.80	−0.096%	$138.6M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.040%	$606K	$992K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0092%	8h	799.84	+0.033%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.43	−0.017%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.07	−0.063%	$1.4M	$2.7M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	799.57	long leg	$1.2M	$926K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.084%	$54.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	+0.016%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.15	−0.053%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.17	−0.050%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.03	−0.068%	$79.2M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.106%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.120%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.25	−0.040%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.59	+0.003%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.80	+0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.16	+0.073%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.016%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.39	−0.022%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.01	+0.054%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.82	−0.094%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.84	+0.033%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	799.79	+0.028%	$69.9M	$50.6M	50x	as long as short
Binance BNBUSDT	+0.0113%	8h	799.66	+0.011%	$499.3M	$815.9M	75x	as long as short
MEXC BNB_USDTshort	+0.0115%	8h	800.30	+0.091%	$83.1M	$13.5M	200x
Kalshi KXBNBPERP	+0.0120%	8h	800.00	+0.054%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.069%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0181%	1h	799.86	+0.036%	$51.8M	$21.1M	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	799.67	+0.012%	$70K	$44K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.03	+0.057%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0234%	8h	799.80	+0.029%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.058%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.52	−0.006%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	800.03	+0.058%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.690%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.95	−0.077%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0389%	1h	799.32	−0.031%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0406%	1h	800.05	+0.060%	$2.7M	$5.7M	40x	as long as short