Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Bybit against Pacifica−0.034%48s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$250.252% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.034%, 7d avg −0.074%

Together, before fees−0.142%+ Points / potential airdropPacifica: Active · farm board−$14 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: Bybit is 0.041% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.074%. 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	789.26	0.0100	pay 0.0013% / 1h	35m 56s	$1.2M	$908K	20x
Short	Bybit BNBUSDT	789.00	0.0100	get 0.0100% / 8h	5h 35m	$138.7M	$77.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.074%: $4.08
Slippage, 4 orders: −$6.2
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.11
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.89 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.63 bp	6.1 bp −$6	9.9 bp −$99	31.8 bp −$3,184	115.4 bp −$57.7K

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	788.87	−0.050%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.96	−0.039%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.27	+0.001%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.92	−0.044%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.005%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.82	+0.070%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	−0.022%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0058%	8h	789.30	+0.004%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0069%	8h	789.43	+0.021%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	790.20	+0.118%	$80.3M	$12.4M	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	+0.0075%	8h	789.70	+0.055%	$493.7M	$804.9M	75x	as long as short
Variational Omni BNB	+0.0091%	8h	788.80	−0.059%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.97	−0.038%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.45	+0.023%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.08	−0.023%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.065%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.76	+0.063%	$51.8M	$18.1M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	789.26	long leg	$1.2M	$908K	20x
Bybit BNBUSDTshort	+0.0100%	8h	789.00	−0.034%	$138.7M	$77.4M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	−0.034%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	−0.008%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.05	−0.027%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.00	−0.034%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.02	−0.031%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.56	+0.037%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.088%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.03	−0.030%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.88	−0.049%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.31	+0.006%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.65	+0.049%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.67	−0.075%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.66	+0.050%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.88	−0.048%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.12	−0.018%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.080%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.15	−0.014%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0136%	1h	789.20	−0.008%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	789.60	+0.042%	$94K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	789.53	+0.034%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0236%	1h	788.84	−0.054%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	789.53	+0.034%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.52	+0.032%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.085%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.34	+0.010%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.153%	$638K	$13K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.80	−0.058%	$67K	$38K	12x	as long as short