Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.003%

Price spread now: Pacifica against Bybit+0.056%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$250.247% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.056%, 7d avg +0.075%

Together, before fees+0.131%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	804.50	0.0080	pay 0.0080% / 8h	2h 09m	$139.6M	$81.7M	75x
Short	Pacifica BNB	804.95	0.0100	get 0.0013% / 1h	9m 37s	$1.2M	$924K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now +0.056%Rate

Funding earned: $4.16
Price spread: +0.056% → +0.075%: −$1.88
Slippage, 4 orders: −$5.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.39
Costs to cover: 0.247%
Break-even: 44.6 days

Slippage from Bybit: live order book, 9 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 Bybit live order book, 9 min ago	0.62 bp	6.7 bp −$7	9.7 bp −$97	25.0 bp −$2,498	139.7 bp −$69.9K
Sell Pacifica live order book, 4 min ago	0.50 bp	6.3 bp −$6	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 −0.0195% / S +0.0371%	1h	804.88	+0.047%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.14	+0.080%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.48	+0.122%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.90	+0.174%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.97	+0.058%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.00	+0.062%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.99	+0.061%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	+0.016%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	804.81	+0.039%	—	$13.3M	—	as long as short
Bybit BNBUSDTlong	+0.0080%	8h	804.50	long leg	$139.6M	$81.7M	75x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.081%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.90	+0.050%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.42	+0.114%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.90	+0.050%	$1.5M	$2.8M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	804.95	+0.056%	$1.2M	$924K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	0.000%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.10	+0.075%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.55	+0.006%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.65	+0.019%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.33	−0.021%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.285%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.231%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.96	+0.057%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.00	+0.062%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.99	+0.060%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.63	+0.141%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.38	+0.110%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.30	+0.100%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.70	+0.149%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.38	−0.014%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.12	+0.077%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.60	+0.137%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.32	+0.102%	$520.5M	$806.2M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.139%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0134%	8h	805.52	+0.127%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0196%	1h	804.90	+0.050%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.01	+0.063%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0210%	1h	805.43	+0.116%	$51.9M	$22.0M	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	805.45	+0.118%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0243%	1h	804.86	+0.045%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.00	+0.063%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.108%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.70	+0.024%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.87	+0.170%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.048%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.87	+0.170%	$3.0M	$5.5M	40x	as long as short