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+0.0109%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h +0.011%
Price spread now: RISEx against Pacifica+0.008%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$200.202% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.100%+$10 on $10k
Price spread, last 7 days−0.029%−$3 · spread now +0.008%, 7d avg −0.044%
Together, before fees+0.071%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.052% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BNB804.040.0100pay 0.0013% / 1h31m 01s$1.2M$923K20x
ShortRISEx BNB/USDC804.100.0209get 0.0026% / 1h31m 01s$1.1M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$22.84
Price spread: +0.008% → −0.044%
$5.17
Slippage, 4 orders
−$6.24
Fee Pacifica: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$7.77
Costs to cover
0.202%
Break-even
4.6 days
Slippage from Pacifica: live order book, 3 min ago; RISEx: live order book, 3 min ago.

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 RISEx live order book, 3 min ago0.93 bp3.9 bp −$47.0 bp −$70doesn't fitdoesn't fit

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+0.003%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.19+0.019%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90−0.018%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.50+0.057%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.015%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.10+0.008%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h804.33+0.036%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.176%$4.0M$5.3Mas long as short
BingX BNB-USDC+0.0055%8h804.10+0.008%$13.3Mas long as short
Bybit BNBUSDT+0.0075%8h803.80−0.030%$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+0.0089%8h804.45+0.051%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.36+0.040%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.49−0.068%$1.4M$2.8M20xas long as short
Pacifica BNBlong+0.0100%1h804.04long leg$1.2M$923K20x
OKX BNB-USDT-SWAP+0.0100%8h804.00−0.005%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.10+0.008%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h804.05+0.001%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.97−0.008%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.94−0.012%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.49+0.057%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.32+0.035%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.09+0.006%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.15+0.014%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h804.28+0.030%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.48+0.055%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.84−0.024%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.48+0.055%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.86−0.023%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.35+0.038%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h805.10+0.132%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.87+0.103%$519.3M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.77+0.091%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93−0.013%$173K$35K10xas long as short
Hyperliquid BNB+0.0156%1h804.77+0.091%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0169%1h804.20+0.020%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34+0.038%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.67+0.079%$1.6M$165K25xas long as short
RISEx BNB/USDCshort+0.0209%1h804.10+0.008%$1.1M$1.4M20x
BloFin BNB-USDT+0.0226%8h804.88+0.105%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h804.02−0.002%$71K$48K12xas long as short
dYdX BNB-USD+0.0276%1h804.28+0.030%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.69+0.081%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.83−0.026%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.110%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0660%1h805.11+0.133%$3.0M$5.4M40xas long as short