Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0503%/8h= +55.1% APRnext payment +$0.63 per $10,000 · paid last 24h +0.042%
Price spread now: dYdX against Pacifica+0.056%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$500.500% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.431%+$43 on $10k
Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.056%, 7d avg −0.031%
Together, before fees+0.315%+ Points / potential airdropPacifica: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and dYdX is 0.087% dearer against Pacifica than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BNB786.600.0100pay 0.0013% / 1h8m 37s$1.3M$401K20x
ShortdYdX BNB-USD787.040.0603get 0.0075% / 1h8m 37s$158K$14K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$105.63
Price spread: +0.056% → −0.031%
$8.69
Slippage, 4 orders
−$32.01
Fee Pacifica: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
$64.32
Costs to cover
0.500%
Break-even
2.7 days
Slippage from Pacifica: live order book, 3 min ago; dYdX: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 3 min ago0.38 bp4.4 bp −$46.8 bp −$68doesn't fitdoesn't fit
Sell dYdX live order book, 58 min ago10.34 bp16.4 bp −$1652.2 bp −$52263.5 bp −$6,347133.3 bp −$66.6K

BNB on 46 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi BNB/USDT-P−0.0280%1h786.59−0.001%$67K$17K12xas long as short
Kraken Futures PF_BNBUSD−0.0212%1h786.76+0.021%$2.6M$1.1M50xas long as short
Hotstuff BNB-PERP−0.0080%1h786.69+0.012%$4K25xas long as short
Variational Omni BNB−0.0033%8h786.61+0.001%$4.5M$2.3Mas long as short
Bybit BNBUSDT−0.0031%8h786.10−0.063%$138.1M$52.1M75xas long as short
Aster BNBUSDT0.0000%8h786.93+0.042%$6.0M$12.8M200xas long as short
Kalshi KXBNBPERP0.0000%8h787.20+0.077%$92K$1.9M4.8xas long as short
StandX BNB-USD0.0000%1h787.17+0.073%$853K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.54−0.007%$9.5M150xas long as short
MEXC BNB_USDT+0.0012%8h787.80+0.153%$82.7M$8.4M200xas long as short
Show all 46 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0012%8h786.85+0.032%$465.6M$598.7M75xas long as short
Bitget BNBUSDT+0.0031%8h785.84−0.096%$74.8M$25.4M75xas long as short
Extended BNB-USD+0.0032%1h786.23−0.047%$2.1M$3.3M50xas long as short
BloFin BNB-USDT+0.0051%8h787.01+0.052%$18.7M$2.3M75xas long as short
BingX BNB-USDT+0.0055%8h786.53−0.009%$48.9Mas long as short
OKX BNB-USDT-SWAP+0.0057%8h786.10−0.063%$53.0M$71.0M50xas long as short
Lighter BNB+0.0096%1h786.58−0.002%$2.7M$2.2M20xas long as short
Phoenix BNB+0.0096%1h787.14+0.069%$156K$44K10xas long as short
Nado BNB-PERP+0.0100%1h786.21−0.049%$1.4M$1.6M20xas long as short
Hyperliquid BNB+0.0100%1h786.92+0.041%$52.5M$11.5M10xas long as short
Pacifica BNBlong+0.0100%1h786.60long leg$1.3M$401K20x
Arcus BNB-USD+0.0100%1h786.70+0.013%$39K$68K10xas long as short
Bulk BNB-USD+0.0100%1h787.52+0.117%$637K$010xas long as short
Gate BNB_USDT+0.0100%8h786.30−0.038%$52.7M$46.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.18−0.053%$28.0M$8.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.76+0.021%$2.2M$2.5M40xas long as short
edgeX BNBUSDC+0.0100%4h787.74+0.145%$4.1M$54.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.79+0.024%$169K$458K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.30−0.038%$133K$223K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.93+0.042%$265K$288K50xas long as short
Derive BNB-PERP+0.0100%1h786.52−0.010%$34K$10K10xas long as short
SunX BNB-USDT+0.0100%8h787.02+0.054%$12K$913K50xas long as short
SoDEX BNB-USD+0.0100%1h786.600.000%$386K$998K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h786.87+0.035%$1.5M$46K25xas long as short
HTX BNB-USDT+0.0100%8h787.00+0.051%$8.0M$7.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.89+0.037%$82K$3.2M50xas long as short
Phemex BNBUSDT+0.0102%8h787.05+0.057%$67.7M$47.6M50xas long as short
Aevo BNB-PERP+0.0104%1h786.46−0.017%$378K$106K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h786.06−0.068%$519K$1.5M50xas long as short
RISEx BNB/USDC+0.0119%1h786.57−0.004%$1.2M$904K20xas long as short
Injective BNB/USDC PERP+0.0179%1h786.87+0.035%$19K$605K30xas long as short
GMX BNB/USD [WBTC.b-USDC]L +0.0184% / S +0.0048%1h786.54−0.007%$55K200xas long as short
GRVT BNB_USDT_Perp+0.0214%8h787.45+0.108%$2.9M$27.4M10xas long as short
01 Exchange BNBUSD+0.0264%1h787.09+0.063%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0303%1h786.22−0.048%$6K$3K40xas long as short
dYdX BNB-USDshort+0.0603%1h787.04+0.056%$158K$14K10x