BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0123%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.046%

Price spread now: Bulk against Pacifica+0.142%56s7-day average +0.065% · 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−$210.214% of the position

Long on Pacifica Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.235%+$24 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.142%, 7d avg +0.065%

Together, before fees+0.054%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bulk is 0.077% dearer against Pacifica than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.065%. The two prices were read 56 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	787.11	0.0100	pay 0.0013% / 1h	1m 46s	$1.2M	$934K	20x
Short	Bulk BNB-USD	788.23	0.0223	get 0.0028% / 1h	1m 46s	$639K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.142%Rate

Funding earned: $25.74
Price spread: +0.142% → +0.065%: $7.72
Slippage, 4 orders: −$6.37
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $12.09
Costs to cover: 0.214%
Break-even: 3.7 days

Slippage from Pacifica: live order book, 2 min ago; Bulk: live order book, 52 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	0.06 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 52 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	5.0 bp −$500	13.8 bp −$6,923

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 −0.0192% / S +0.0356%	1h	786.58	−0.067%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	786.71	−0.051%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.07	−0.005%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.20	+0.011%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.43	+0.168%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.67	−0.056%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0023%	8h	787.35	+0.030%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDC	+0.0033%	8h	787.25	+0.018%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.284%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0044%	8h	787.80	+0.088%	$79.9M	$12.1M	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	+0.0044%	8h	787.54	+0.055%	$490.2M	$804.3M	75x	as long as short
Phemex BNBUSDT	+0.0049%	8h	787.27	+0.020%	$68.9M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.21	+0.013%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0077%	1h	786.57	−0.069%	$159K	$61K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.46	+0.044%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.88	−0.029%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.73	−0.048%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.55	−0.071%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.22	+0.014%	$51.6M	$17.5M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	787.11	long leg	$1.2M	$934K	20x
Bybit BNBUSDT	+0.0100%	8h	786.73	−0.048%	$138.2M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	−0.039%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.039%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.55	−0.071%	$36.2M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.60	−0.065%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.24	−0.111%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.07	−0.005%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	0.000%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.081%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.00	−0.014%	$158K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.59	−0.066%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.79	−0.041%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.22	+0.014%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.90	−0.027%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.75	−0.046%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.23	+0.015%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.34	−0.097%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.86	−0.032%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0164%	8h	787.38	+0.034%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0185%	8h	787.96	+0.108%	$2.9M	$28.9M	10x	as long as short
Bulk BNB-USDshort	+0.0223%	1h	788.23	+0.142%	$639K	$10K	10x
01 Exchange BNBUSD	+0.0248%	1h	787.30	+0.024%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.17	+0.008%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.40	−0.090%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	786.88	−0.029%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	787.70	+0.074%	$67K	$39K	12x	as long as short