Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Pacifica−0.053%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.053%, 7d avg −0.055%

Together, before fees−0.011%+ Points / potential airdropPacifica: Active · Nado: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	784.66	0.0100	pay 0.0013% / 1h	19m 32s	$1.2M	$938K	20x
Short	Nado BNB-PERP	784.25	0.0100	get 0.0012% / 1h	19m 32s	$1.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.055%: $0.22
Slippage, 4 orders: −$7.01
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$21.79
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Nado: live order book, 4 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	0.83 bp	8.6 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.06 bp	4.1 bp −$4	11.0 bp −$110	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 −0.0168% / S +0.0337%	1h	784.29	−0.048%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.51	−0.019%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.15	−0.065%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	784.50	−0.021%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	784.69	+0.004%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.76	+0.013%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.603%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	785.26	+0.077%	$6.0M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0039%	8h	784.24	−0.054%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.90	+0.158%	$80.8M	$12.0M	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	+0.0049%	8h	785.35	+0.088%	$487.7M	$819.8M	75x	as long as short
Phemex BNBUSDT	+0.0074%	8h	784.81	+0.019%	$68.5M	$51.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.56	−0.014%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.53	−0.017%	$160K	$35K	10x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	784.25	−0.053%	$1.3M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	785.34	+0.086%	$51.5M	$17.6M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	784.66	long leg	$1.2M	$938K	20x
Bybit BNBUSDT	+0.0100%	8h	784.51	−0.019%	$138.0M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.50	−0.021%	$53.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	+0.018%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.65	−0.002%	$38.2M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.51	−0.019%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.48	−0.023%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.72	+0.007%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−0.159%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	783.84	−0.104%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.61	−0.007%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.66	0.000%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.12	−0.069%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.17	−0.063%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.64	−0.003%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.40	−0.033%	$386K	$967K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.35	−0.040%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.90	+0.030%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.09	−0.073%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.14	−0.067%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−0.023%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0107%	1h	784.27	−0.050%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	784.71	+0.006%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.57	−0.012%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	784.43	−0.030%	$2.9M	$28.3M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	+0.034%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.35	+0.088%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.41	−0.032%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.94	+0.036%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.12	−0.069%	$67K	$39K	12x	as long as short