Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.003%

Price spread now: Binance against Pacifica+0.059%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.059%, 7d avg +0.040%

Together, before fees−0.086%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, 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	Pacifica BNB	790.69	0.0100	pay 0.0013% / 1h	31m 40s	$1.2M	$908K	20x
Short	Binance BNBUSDT	791.16	0.0075	get 0.0075% / 8h	5h 31m	$494.6M	$803.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: −$5.15
Price spread: +0.059% → +0.040%: $1.98
Slippage, 4 orders: −$4.68
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.86
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Binance: live order book, 12 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, 2 min ago	1.08 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.06 bp	5.1 bp −$5	6.6 bp −$66	19.6 bp −$1,963	36.9 bp −$18.5K

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 −0.0167% / S +0.0335%	1h	790.04	−0.083%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.40	−0.037%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.72	+0.004%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.07	−0.079%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.821%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.11	+0.053%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.79	−0.114%	$617K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0059%	8h	790.47	−0.028%	—	$34.3M	—	as long as short
MEXC BNB_USDT	+0.0075%	8h	791.50	+0.102%	$80.4M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0075%	8h	790.71	+0.003%	$69.2M	$51.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDTshort	+0.0075%	8h	791.16	+0.059%	$494.6M	$803.5M	75x
Variational Omni BNB	+0.0091%	8h	788.80	−0.240%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.97	−0.091%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	790.65	−0.005%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.14	−0.070%	$266K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.15	−0.068%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.05	+0.046%	$51.8M	$18.1M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	790.69	long leg	$1.2M	$908K	20x
Bybit BNBUSDT	+0.0100%	8h	790.40	−0.037%	$139.0M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.50	−0.024%	$53.6M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.30	−0.049%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.40	−0.037%	$35.4M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.23	−0.058%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.28	−0.052%	$77.0M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.44	−0.032%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.67	−0.129%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.01	−0.086%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.09	−0.076%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.34	−0.045%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.79	+0.012%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.37	−0.167%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	790.87	+0.022%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.12	−0.071%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.15	−0.069%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	−0.063%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0135%	1h	790.20	−0.062%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0140%	8h	789.95	−0.094%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0193%	8h	790.40	−0.037%	$92K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	790.51	−0.023%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0232%	1h	790.32	−0.047%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	790.83	+0.018%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.61	−0.010%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.99	−0.088%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	790.52	−0.021%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	−0.114%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	790.32	−0.047%	$68K	$38K	12x	as long as short