BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Coinbase International against Pacifica+0.025%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.025%, 7d avg −0.047%

Together, before fees−0.317%+ Points / potential airdropPacifica: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.072% dearer against Pacifica than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.047%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.125% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	804.95	0.0100	pay 0.0013% / 1h	9m 43s	$1.2M	$924K	20x
Short	Coinbase International BNB-PERP-INTX	805.15	0.0088	get 0.0011% / 1h	9m 43s	$608K	$881K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$2.52
Price spread: +0.025% → −0.047%: $7.23
Slippage, 4 orders: −$9.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.61
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Coinbase International: live order book, 14 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, 4 min ago	0.50 bp	4.6 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 14 min ago	2.42 bp	8.8 bp −$9	15.0 bp −$150	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 −0.0195% / S +0.0371%	1h	804.88	−0.009%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.14	+0.024%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.48	+0.066%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.90	+0.118%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.97	+0.002%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.00	+0.006%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.99	+0.006%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.040%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	804.81	−0.017%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.50	−0.056%	$139.6M	$81.7M	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-INTXshort	+0.0088%	1h	805.15	+0.025%	$608K	$881K	50x
Lighter BNB	+0.0096%	1h	804.90	−0.006%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.42	+0.058%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.90	−0.006%	$1.5M	$2.8M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	804.95	long leg	$1.2M	$924K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	−0.056%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.10	+0.019%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.55	−0.050%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.65	−0.037%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.33	−0.077%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.229%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.175%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.96	+0.001%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.00	+0.006%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.99	+0.004%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.63	+0.085%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.38	+0.054%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.30	+0.044%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.70	+0.093%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.38	−0.070%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.12	+0.021%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.60	+0.081%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.32	+0.046%	$520.5M	$806.2M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.083%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0134%	8h	805.52	+0.071%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0196%	1h	804.90	−0.006%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.01	+0.007%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0210%	1h	805.43	+0.060%	$51.9M	$22.0M	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	805.45	+0.062%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0243%	1h	804.86	−0.011%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.00	+0.007%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.052%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.70	−0.031%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.87	+0.114%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.007%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.87	+0.114%	$3.0M	$5.5M	40x	as long as short