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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Lighter−0.031%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Long on LighterShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days+0.085%+$9 · spread now −0.031%, 7d avg +0.042%
Together, before fees+0.162%+ Points / potential airdropLighter: Season 3 · Pacifica: 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 0.073% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB798.490.0096pay 0.0012% / 1h24m 18s$2.8M$4.1M20x
ShortPacifica BNB798.240.0100get 0.0013% / 1h24m 18s$1.2M$926K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.031% → +0.042%
−$7.33
Slippage, 4 orders
−$3.56
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$18.05
Costs to cover
0.116%
Break-even
157.4 days
Slippage from Lighter: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 3 min ago0.75 bp1.4 bp −$13.8 bp −$3813.6 bp −$1,35565.4 bp −$32.7K
Sell Pacifica live order book, 5 min ago0.56 bp4.7 bp −$5doesn't fitdoesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h797.86−0.080%$47K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.26−0.029%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h797.75−0.093%$2.5M$972K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.10+0.076%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.15+0.083%$864K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.96−0.067%$9.7M—150xas long as short
Variational Omni BNB+0.0013%8h798.06−0.054%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0038%8h798.02−0.059%—$34.8M—as long as short
Bybit BNBUSDT+0.0044%8h797.60−0.112%$138.4M$76.9M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h799.89+0.175%$606K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0090%8h798.52+0.004%$6.3M$18.9M200xas long as short
Lighter BNBlong+0.0096%1h798.49long leg$2.8M$4.1M20x
Nado BNB-PERP+0.0100%1h797.65−0.105%$1.4M$2.7M20xas long as short
Pacifica BNBshort+0.0100%1h798.24−0.031%$1.2M$926K20x
OKX BNB-USDT-SWAP+0.0100%8h797.20−0.162%$54.2M$112.6M50xas long as short
Arcus BNB-USD+0.0100%1h798.20−0.036%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h797.70−0.099%$35.7M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h797.83−0.083%$27.9M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h797.24−0.157%$78.9M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h799.89+0.175%$4.2M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.17+0.210%$161K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h797.76−0.092%$116K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.61−0.110%$385K$497K50xas long as short
Derive BNB-PERP+0.0100%1h798.01−0.060%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.20−0.037%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h797.90−0.074%$392K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.03−0.058%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h797.47−0.127%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.44−0.006%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.23−0.157%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h797.86−0.079%$383K$40K10xas long as short
Phemex BNBUSDT+0.0110%8h798.45−0.005%$69.8M$50.6M50xas long as short
MEXC BNB_USDT+0.0111%8h798.90+0.051%$83.0M$13.5M200xas long as short
Binance BNBUSDT+0.0112%8h798.40−0.012%$498.5M$817.3M75xas long as short
Kalshi KXBNBPERP+0.0122%8h798.90+0.051%$108K$2.9M4.8xas long as short
Phoenix BNB+0.0127%1h800.12+0.204%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0176%1h798.45−0.005%$70K$43K12xas long as short
Hyperliquid BNB+0.0191%1h798.74+0.031%$52.1M$21.0M10xas long as short
BloFin BNB-USDT+0.0232%8h798.94+0.056%$18.2M$2.5M75xas long as short
Bulk BNB-USD+0.0239%1h800.03+0.193%$650K$19K10xas long as short
RISEx BNB/USDC+0.0258%1h798.08−0.051%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0296%1h798.48−0.001%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.826%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h797.53−0.121%$6K$3K40xas long as short
dYdX BNB-USD+0.0382%1h798.50+0.002%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0399%1h799.14+0.081%$2.7M$5.7M40xas long as short