Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%

Price spread now: Pacifica against Backpack−0.067%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days−0.062%−$6 · spread now −0.067%, 7d avg −0.084%

Together, before fees−0.168%+ Points / potential airdropPacifica: Active · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BNB_USDC_PERP	786.82	0.0100	pay 0.0013% / 1h	9m 27s	$2.2M	$6.1M	40x
Short	Pacifica BNB	786.29	0.0100	get 0.0013% / 1h	9m 27s	$1.2M	$934K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Backpack. 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 BackpackbpFee PacificabpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.084%: $1.7
Slippage, 4 orders: −$3.79
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.08
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Backpack: live order book, 5 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 Backpack live order book, 5 min ago	0.06 bp	5.1 bp −$5	7.6 bp −$76	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	0.06 bp	4.3 bp −$4	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 −0.0192% / S +0.0356%	1h	785.53	−0.164%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0125%	1h	786.43	−0.049%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.35	+0.067%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.70	−0.015%	$123K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.52	+0.089%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.63	−0.151%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0021%	8h	786.22	−0.077%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0033%	8h	785.73	−0.139%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.322%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0040%	8h	786.90	+0.010%	$68.8M	$50.8M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0041%	8h	786.60	−0.028%	$79.7M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0041%	8h	786.17	−0.083%	$489.4M	$803.8M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.150%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0078%	1h	785.90	−0.116%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.74	+0.117%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.45	−0.048%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.58	−0.158%	$264K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.25	−0.072%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.36	−0.058%	$51.6M	$17.4M	10x	as long as short
Pacifica BNBshort	+0.0100%	1h	786.29	−0.067%	$1.2M	$934K	20x
Bybit BNBUSDT	+0.0100%	8h	785.42	−0.178%	$138.0M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.40	−0.180%	$53.3M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.10	−0.092%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.60	−0.155%	$36.1M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.48	−0.170%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.37	−0.184%	$76.0M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERPlong	+0.0100%	1h	786.82	long leg	$2.2M	$6.1M	40x
Variational Omni BNB	+0.0100%	8h	787.00	+0.023%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.118%	$4.1M	$74.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.52	+0.089%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.85	−0.123%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	−0.152%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.36	+0.069%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.50	−0.041%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.24	+0.053%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.76	−0.008%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.49	−0.169%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.61	−0.153%	$377K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.93	+0.141%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0178%	8h	787.99	+0.149%	$2.9M	$28.7M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.69	−0.017%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.135%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.38	−0.056%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	785.40	−0.181%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	786.13	−0.087%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	786.29	−0.067%	$67K	$39K	12x	as long as short