Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Pacifica against Phoenix−0.075%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.075%, 7d avg −0.054%
=Together, before fees−0.188%+ Points / potential airdropPacifica: Active · farm board−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.021% cheaper against Phoenix than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix BNB | 799.13 | 0.0099 | pay 0.0012% / 1h | 19m 22s | $172K | $36K | 10x |
| Short | Pacifica BNB | 798.53 | 0.0100 | get 0.0013% / 1h | 19m 22s | $1.2M | $937K | 20x |
Phoenix BNB
Pacifica BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.2
- Price spread: −0.075% → −0.054%
- −$2.08
- Slippage, 4 orders
- −$22.62
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$39.49
- Costs to cover
- 0.376%
- Break-even
- 1372.5 days
Slippage from Phoenix: live order book, 47 min ago; Pacifica: 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 Phoenix live order book, 47 min ago | 1.00 bp | 12.4 bp −$12 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 5 min ago | 1.06 bp | 7.3 bp −$7 | doesn't fit | 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 −0.0159% / S +0.0335% | 1h | 798.39 | −0.092% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.48 | −0.082% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.74 | −0.049% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0010% | 8h | 798.15 | −0.123% | $35.9M | $56.8M | 75x | as long as short |
| BingX BNB-USDC | −0.0007% | 8h | 798.45 | −0.085% | — | $13.4M | — | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.85 | −0.035% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.95 | −0.023% | $863K | $2.9M | 30x | as long as short |
| Variational Omni BNB | +0.0004% | 8h | 797.72 | −0.177% | $4.1M | $5.0M | — | as long as short |
| Phemex BNBUSDT | +0.0006% | 8h | 799.12 | −0.001% | $69.8M | $50.2M | 50x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.37 | −0.095% | $9.7M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
BingX BNB-USDC
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
Phemex BNBUSDT
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BNBUSDT | +0.0009% | 8h | 798.01 | −0.140% | $138.6M | $76.3M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.746% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | −0.008% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0054% | 8h | 798.81 | −0.040% | $6.2M | $19.4M | 200x | as long as short |
| MEXC BNB_USDT | +0.0076% | 8h | 799.50 | +0.046% | $83.1M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0076% | 8h | 798.92 | −0.026% | $496.0M | $811.2M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.47 | −0.083% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNBlong | +0.0099% | 1h | 799.13 | long leg | $172K | $36K | 10x | |
| Nado BNB-PERP | +0.0100% | 1h | 798.10 | −0.129% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNBshort | +0.0100% | 1h | 798.53 | −0.075% | $1.2M | $937K | 20x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.00 | −0.141% | $54.2M | $110.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.60 | −0.066% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.20 | −0.116% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.04 | −0.136% | $78.2M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.91 | −0.028% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.95 | −0.023% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.38 | −0.094% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.08 | −0.131% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.64 | −0.062% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.62 | −0.064% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.70 | −0.054% | $393K | $997K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.09 | −0.130% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.96 | −0.021% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.92 | −0.151% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.57 | −0.070% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0127% | 1h | 799.28 | +0.018% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.40 | −0.091% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0156% | 8h | 799.10 | −0.004% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0197% | 8h | 798.81 | −0.040% | $18.0M | $2.6M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 798.86 | −0.034% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0200% | 1h | 798.40 | −0.091% | $161K | $63K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0272% | 1h | 798.92 | −0.027% | $68K | $38K | 12x | as long as short |
| Hyperliquid BNB | +0.0299% | 1h | 799.37 | +0.030% | $53.1M | $20.3M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 798.98 | −0.019% | $1.6M | $161K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.16 | −0.121% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0411% | 1h | 799.63 | +0.063% | $2.7M | $5.7M | 40x | as long as short |
Bybit BNBUSDT
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
dYdX BNB-USD
Hibachi BNB/USDT-P
Hyperliquid BNB
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP