Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Nado+0.136%50s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.220% of the position

Long on Nado Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.136%, 7d avg +0.055%

Together, before fees−0.072%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$7 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 0.081% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.055%. The two prices were read 50 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	Nado BNB-PERP	783.60	0.0100	pay 0.0012% / 1h	19m 40s	$1.3M	$2.7M	20x
Short	Pacifica BNB	784.66	0.0100	get 0.0013% / 1h	19m 40s	$1.2M	$938K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Nado. 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 NadobpFee PacificabpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.055%: $8.08
Slippage, 4 orders: −$7.01
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.93
Costs to cover: 0.220%
Break-even: 1431313524668000.0 days

Slippage from Nado: live order book, 4 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 Nado live order book, 4 min ago	0.06 bp	3.6 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	0.83 bp	5.8 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 −0.0168% / S +0.0337%	1h	784.29	+0.088%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.51	+0.116%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.15	+0.070%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	784.50	+0.115%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	784.69	+0.139%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.25	+0.082%	$9.4M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.742%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	784.95	+0.172%	$6.0M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0038%	8h	784.52	+0.117%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.60	+0.255%	$80.8M	$12.0M	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	+0.0049%	8h	785.01	+0.180%	$487.5M	$819.7M	75x	as long as short
Phemex BNBUSDT	+0.0074%	8h	784.81	+0.154%	$68.5M	$51.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.56	+0.122%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.53	+0.119%	$161K	$35K	10x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	783.60	long leg	$1.3M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	784.92	+0.168%	$51.5M	$17.6M	10x	as long as short
Pacifica BNBshort	+0.0100%	1h	784.66	+0.136%	$1.2M	$938K	20x
Bybit BNBUSDT	+0.0100%	8h	784.24	+0.082%	$138.0M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.20	+0.077%	$53.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	+0.153%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.65	+0.134%	$38.2M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.08	+0.061%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.27	+0.086%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.72	+0.143%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−0.024%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	783.84	+0.031%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.61	+0.129%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.11	+0.065%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.12	+0.066%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.17	+0.072%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.64	+0.133%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.40	+0.102%	$386K	$967K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.35	+0.095%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.90	+0.166%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.09	+0.063%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.14	+0.069%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	+0.112%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0107%	1h	784.27	+0.085%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	784.71	+0.142%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.57	+0.123%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	784.62	+0.130%	$2.9M	$28.4M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	+0.170%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.35	+0.223%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	783.70	+0.013%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.94	+0.171%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.12	+0.067%	$67K	$39K	12x	as long as short