Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Pacifica−0.051%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$230.232% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.051%, 7d avg −0.067%

Together, before fees−0.061%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	788.10	0.0100	pay 0.0013% / 1h	25m 30s	$1.2M	$933K	20x
Short	OKX BNB-USDT-SWAP	787.70	0.0100	get 0.0100% / 8h	3h 25m	$53.5M	$111.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.067%: $1.65
Slippage, 4 orders: −$5.2
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.56
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; OKX: 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	0.57 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.63 bp	5.7 bp −$6	8.0 bp −$80	20.2 bp −$2,019	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 −0.0192% / S +0.0356%	1h	787.80	−0.038%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.76	−0.044%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.07	−0.004%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.52	+0.053%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.69	−0.052%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	788.30	+0.025%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.156%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0040%	8h	787.88	−0.028%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0045%	8h	788.70	+0.076%	$80.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0045%	8h	788.23	+0.016%	$491.4M	$797.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0047%	8h	788.34	+0.030%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.43	−0.085%	$581K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.22	+0.015%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0094%	1h	787.88	−0.028%	$159K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.98	−0.016%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.91	−0.024%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.70	−0.051%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.37	+0.034%	$51.7M	$17.5M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	788.10	long leg	$1.2M	$933K	20x
Bybit BNBUSDT	+0.0100%	8h	787.70	−0.051%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	787.70	−0.051%	$53.5M	$111.5M	50x
Arcus BNB-USD	+0.0100%	1h	788.00	−0.013%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.80	−0.038%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.41	−0.088%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.40	−0.089%	$76.2M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.20	+0.013%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.076%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.21	+0.014%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.40	+0.038%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.66	−0.056%	$130K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.97	−0.017%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.28	+0.023%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.10	0.000%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.04	−0.007%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.16	+0.007%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.48	−0.079%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.83	−0.034%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	788.30	+0.025%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0166%	8h	788.40	+0.038%	$18.0M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.73	+0.080%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.053%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.36	+0.033%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.29	+0.025%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.44	−0.084%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.01	−0.011%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.14	+0.006%	$1.1M	$893K	20x	as long as short