Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0044%/8hnext payment +$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: Pacifica against Coinbase International−0.075%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 3 days (all we have)+0.208%+$21 · spread now −0.075%, 7d avg +0.048%

Together, before fees+0.333%+ Points / potential airdropPacifica: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.123% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.048%). If the spread goes back, that is −$12 on $10k: about 9.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	800.07	0.0056	pay 0.0007% / 1h	5m 54s	$601K	$900K	50x
Short	Pacifica BNB	799.47	0.0100	get 0.0013% / 1h	5m 54s	$1.2M	$916K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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 Coinbase InternationalbpFee PacificabpOrdersPrice spread, now −0.075%Rate

Funding earned: $9.24
Price spread: −0.075% → +0.048%: −$12.32
Slippage, 4 orders: −$12.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$33.53
Costs to cover: 0.304%
Break-even: 32.4 days

Slippage from Coinbase International: live order book, 27 min ago; Pacifica: live order book, 2 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 Coinbase International live order book, 27 min ago	3.06 bp	10.2 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	1.69 bp	5.8 bp −$6	8.2 bp −$82	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	799.18	−0.112%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.04	−0.004%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.79	−0.035%	$3.0M	$29.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	−0.019%	$865K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	799.18	−0.111%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.33	+0.032%	$19K	$513K	30x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0056%	1h	800.07	long leg	$601K	$900K	50x
Variational Omni BNB	+0.0070%	8h	798.95	−0.140%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDT	+0.0078%	8h	799.05	−0.127%	—	$33.8M	—	as long as short
Aster BNBUSDT	+0.0090%	8h	799.68	−0.049%	$6.3M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	799.49	−0.072%	$2.9M	$3.9M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.30	+0.029%	$83.9M	$15.2M	200x	as long as short
Binance BNBUSDT	+0.0097%	8h	799.53	−0.067%	$516.2M	$802.7M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.83	−0.155%	$1.4M	$2.8M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	799.47	−0.075%	$1.2M	$916K	20x
Bybit BNBUSDT	+0.0100%	8h	798.72	−0.169%	$138.2M	$86.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	−0.159%	$54.9M	$116.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.30	−0.096%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.75	−0.165%	$35.8M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.92	−0.144%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.72	−0.169%	$78.3M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.11	+0.004%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.09	+0.002%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.18	−0.111%	$120K	$881K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.21	−0.107%	$386K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.26	−0.101%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.86	−0.026%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.20	−0.109%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.19	−0.110%	$8.2M	$7.0M	75x	as long as short
Bulk BNB-USD	+0.0100%	1h	799.93	−0.017%	$649K	$3K	10x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.79	−0.035%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0101%	8h	799.90	−0.021%	$107K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	798.74	−0.166%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.25	−0.102%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	799.69	−0.047%	$69.9M	$51.7M	50x	as long as short
Phoenix BNB	+0.0151%	1h	799.88	−0.024%	$172K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	799.42	−0.081%	$1.1M	$1.5M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	799.13	−0.117%	$2.5M	$914K	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.60	−0.059%	$1.6M	$159K	25x	as long as short
BloFin BNB-USDT	+0.0218%	8h	800.22	+0.019%	$18.9M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0224%	1h	799.82	−0.031%	$51.3M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	799.89	−0.022%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0312%	1h	799.93	−0.018%	$70K	$47K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	798.82	−0.156%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0364%	1h	799.53	−0.067%	$169K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0689%	1h	800.18	+0.014%	$3.0M	$5.3M	40x	as long as short