Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni−0.066%51s7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$320.316% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now −0.066%, 7d avg −0.034%

Together, before fees−0.164%+ Points / potential airdropPacifica: Active · farm board−$16 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 0.032% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 51 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	ApeX Omni BNBUSDT	786.17	0.0100	pay 0.0013% / 1h	34m 42s	$158K	$440K	50x
Short	Pacifica BNB	785.65	0.0100	get 0.0013% / 1h	34m 42s	$1.2M	$937K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.034%: −$3.17
Slippage, 4 orders: −$13.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$34.77
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Pacifica: 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 ApeX Omni live order book, 63 min ago	3.44 bp	9.0 bp −$9	32.1 bp −$321	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	0.32 bp	4.5 bp −$5	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 −0.0166% / S +0.0337%	1h	785.35	−0.104%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.37	+0.025%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	785.34	−0.105%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.12	−0.006%	$2.9M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	786.13	−0.005%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.44	−0.092%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	785.99	−0.023%	$6.0M	$18.4M	200x	as long as short
BingX BNB-USDT	+0.0032%	8h	785.62	−0.070%	—	$22.2M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.407%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0038%	8h	786.90	+0.093%	$82.4M	$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	+0.0038%	8h	785.88	−0.037%	$488.6M	$810.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	785.60	−0.073%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.25	−0.117%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.13	−0.005%	$51.6M	$17.6M	10x	as long as short
Pacifica BNBshort	+0.0100%	1h	785.65	−0.066%	$1.2M	$937K	20x
Bybit BNBUSDT	+0.0100%	8h	785.30	−0.111%	$138.3M	$73.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.10	−0.136%	$53.4M	$110.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.70	−0.060%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.50	−0.085%	$39.4M	$55.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.15	−0.130%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.00	−0.149%	$75.3M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.90	−0.034%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.32	−0.108%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.98	−0.025%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	786.17	long leg	$158K	$440K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	785.61	−0.071%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.57	−0.076%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	−0.068%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.96	−0.027%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.70	−0.060%	$386K	$942K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.70	−0.059%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.81	−0.046%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.05	−0.143%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.45	−0.091%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0112%	8h	786.00	−0.022%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	+0.053%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	786.32	+0.019%	$158K	$38K	10x	as long as short
dYdX BNB-USD	+0.0131%	1h	785.69	−0.061%	$157K	$64K	10x	as long as short
BloFin BNB-USDT	+0.0154%	8h	785.98	−0.024%	$17.8M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0166%	8h	786.09	−0.010%	$68.5M	$51.0M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.95	−0.028%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	−0.026%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	786.03	−0.018%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	785.11	−0.135%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	785.83	−0.044%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	786.13	−0.005%	$67K	$39K	12x	as long as short