Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Pacifica−0.048%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.048%, 7d avg −0.030%

Together, before fees+0.120%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	791.18	0.0100	pay 0.0013% / 1h	54m 02s	$1.2M	$931K	20x
Short	Polymarket Perps BNB-USD	790.80	0.0100	get 0.0013% / 1h	54m 02s	$133K	$950K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.030%: −$1.76
Slippage, 4 orders: −$8.85
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$26.61
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Polymarket Perps: 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, 5 min ago	0.13 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.58 bp	7.1 bp −$7	8.5 bp −$85	doesn't fit	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 −0.0182% / S +0.0348%	1h	790.63	−0.070%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.20	+0.003%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.78	+0.076%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	790.71	−0.059%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.758%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.19	+0.002%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0057%	8h	790.66	−0.066%	—	$34.3M	—	as long as short
Phemex BNBUSDT	+0.0062%	8h	791.33	+0.019%	$69.3M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	−0.068%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0070%	8h	791.60	+0.053%	$80.4M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0070%	8h	791.20	+0.003%	$493.8M	$789.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	790.78	−0.051%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.60	−0.073%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.85	−0.041%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.21	+0.004%	$51.9M	$17.5M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	791.18	long leg	$1.2M	$931K	20x
Bybit BNBUSDT	+0.0100%	8h	790.40	−0.099%	$139.0M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.40	−0.099%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.20	+0.003%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.55	−0.080%	$35.5M	$56.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.39	−0.100%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.31	−0.110%	$76.5M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.01	−0.021%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	790.82	−0.046%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.34	−0.106%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.18	−0.126%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	790.80	−0.048%	$133K	$950K	10x
Derive BNB-PERP	+0.0100%	1h	790.66	−0.066%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	791.49	+0.040%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	790.70	−0.061%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.83	−0.045%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	791.60	+0.053%	$77K	$17K	50x	as long as short
dYdX BNB-USD	+0.0104%	1h	791.17	−0.002%	$160K	$64K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	790.05	−0.143%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.54	−0.081%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.15	−0.004%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	790.47	−0.090%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	791.50	+0.040%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0190%	8h	791.46	+0.035%	$18.2M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	790.99	−0.024%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	791.35	+0.021%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	790.53	−0.082%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.058%	$641K	$9K	10x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	790.46	−0.091%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	791.23	+0.006%	$1.1M	$976K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	791.40	+0.028%	$68K	$38K	12x	as long as short