Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.011%

Price spread now: Aster against Pacifica+0.073%48s7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

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

costs, in and out, $10k−$190.191% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.073%, 7d avg +0.041%

Together, before fees−0.125%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.033% dearer against Pacifica than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.041%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.094% in total) that is about 2.4 days. The two prices were read 48 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	Pacifica BNB	804.59	0.0100	pay 0.0013% / 1h	27m 53s	$1.2M	$923K	20x
Short	Aster BNBUSDT	805.18	0.0090	get 0.0090% / 8h	2h 27m	$6.4M	$18.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$2.1
Price spread: +0.073% → +0.041%: $3.27
Slippage, 4 orders: −$3.06
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.89
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Aster: live order book, 1 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 Pacifica live order book, 1 min ago	0.37 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	0.56 bp	4.6 bp −$5	5.2 bp −$52	17.0 bp −$1,700	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	804.32	−0.033%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.71	+0.015%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.60	+0.002%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.90	+0.039%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.09	−0.062%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.42	−0.021%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.53	−0.007%	$2.5M	$909K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	803.71	−0.109%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	804.66	+0.009%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	804.20	−0.048%	$139.5M	$82.6M	75x	as long as short

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	804.19	−0.050%	$609K	$878K	50x	as long as short
Aster BNBUSDTshort	+0.0090%	8h	805.18	+0.073%	$6.4M	$18.8M	200x
Lighter BNB	+0.0096%	1h	804.64	+0.006%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.08	−0.064%	$1.4M	$2.8M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	804.59	long leg	$1.2M	$923K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	−0.011%	$55.1M	$115.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.60	+0.001%	$53K	$165K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.45	−0.017%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.34	−0.031%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.27	−0.040%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.62	+0.003%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.73	+0.017%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.27	−0.040%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.43	−0.020%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.57	−0.003%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.00	+0.050%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.90	+0.039%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.24	−0.043%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.03	+0.055%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.29	−0.038%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.43	−0.020%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0107%	8h	805.60	+0.126%	$84.5M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0108%	8h	805.34	+0.094%	$519.6M	$803.1M	75x	as long as short
Phemex BNBUSDT	+0.0125%	8h	805.04	+0.056%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.93	−0.082%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0164%	1h	805.18	+0.073%	$51.7M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0184%	1h	804.50	−0.011%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.031%	$650K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.71	+0.015%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0227%	8h	804.67	+0.010%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.11	−0.059%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0280%	1h	804.28	−0.039%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	805.29	+0.087%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.09	−0.063%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.037%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.46	+0.108%	$3.0M	$5.4M	40x	as long as short