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

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 11:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.003%
Price spread now: Phemex against Pacifica+0.067%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Long on PacificaShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.102%−$10 on $10k
Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.067%, 7d avg +0.036%
Together, before fees−0.288%+ Points / potential airdropPacifica: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.031% dearer against Pacifica than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.036%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.102% in total) that is about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BNB787.660.0100pay 0.0013% / 1h56m 49s$1.2M$932K20x
ShortPhemex BNBUSDT788.180.0090get 0.0090% / 8h5h 56m$68.5M$51.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$2.09
Price spread: +0.067% → +0.036%
$3.09
Slippage, 4 orders
−$6.81
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$25.81
Costs to cover
0.268%
Break-even
never at this rate
Slippage from Pacifica: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago1.08 bp7.5 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 5 min ago0.44 bp6.7 bp −$76.8 bp −$6810.9 bp −$1,086doesn't fit

BNB on 45 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
GMX BNB/USD [WBTC.b-USDC]L −0.0166% / S +0.0336%1h787.51−0.019%$43K—200xas long as short
Kraken Futures PF_BNBUSD−0.0085%1h787.51−0.019%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.09+0.055%$4K—25xas long as short
Aster BNBUSDT0.0000%8h788.10+0.056%$6.0M$17.1M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.97+0.040%$2.9M$26.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h787.90+0.031%$139K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h788.38+0.092%$850K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.45−0.026%$9.5M—150xas long as short
Binance BNBUSDT+0.0017%8h788.10+0.056%$481.8M$767.3M75xas long as short
MEXC BNB_USDT+0.0017%8h789.20+0.196%$83.4M$11.7M200xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+2.213%$19K$789K30xas long as short
Bybit BNBUSDT+0.0052%8h787.24−0.053%$138.6M$67.2M75xas long as short
BloFin BNB-USDT+0.0067%8h788.01+0.045%$18.4M$2.2M75xas long as short
Phemex BNBUSDTshort+0.0090%8h788.18+0.067%$68.5M$51.1M50x
Phoenix BNB+0.0094%1h787.95+0.037%$158K$45K10xas long as short
Lighter BNB+0.0096%1h787.70+0.005%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h787.15−0.064%$1.4M$2.4M20xas long as short
Hyperliquid BNB+0.0100%1h788.16+0.064%$51.9M$16.9M10xas long as short
Pacifica BNBlong+0.0100%1h787.66long leg$1.2M$932K20x
OKX BNB-USDT-SWAP+0.0100%8h787.40−0.033%$53.3M$102.3M50xas long as short
Arcus BNB-USD+0.0100%1h787.60−0.007%$57K$122K10xas long as short
Gate BNB_USDT+0.0100%8h787.45−0.026%$41.1M$53.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.37−0.036%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h787.37−0.036%$75.7M$30.8M75xas long as short
BingX BNB-USDT+0.0100%8h787.71+0.007%—$50.2M—as long as short
Backpack BNB_USDC_PERP+0.0100%1h787.96+0.039%$2.2M$6.0M40xas long as short
Variational Omni BNB+0.0100%8h787.17−0.062%$4.3M$4.5M—as long as short
edgeX BNBUSDC+0.0100%4h787.96+0.039%$4.1M$75.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.98+0.041%$159K$444K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.39−0.034%$130K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.59−0.008%$265K$297K50xas long as short
SunX BNB-USDT+0.0100%8h787.90+0.031%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h787.70+0.006%$387K$926K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h787.91+0.032%$1.5M$157K25xas long as short
HTX BNB-USDT+0.0100%8h787.86+0.026%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.85+0.024%$78K$356K50xas long as short
Extended BNB-USD+0.0104%1h787.09−0.072%$1.8M$5.6M50xas long as short
Aevo BNB-PERP+0.0104%1h787.52−0.017%$378K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h788.03+0.047%$545K$1.9M50xas long as short
01 Exchange BNBUSD+0.0240%1h787.88+0.028%$28K$3K10xas long as short
Bulk BNB-USD+0.0277%1h788.58+0.117%$639K$010xas long as short
Reya BNBRUSDPERP+0.0317%1h786.90−0.095%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0320%1h787.75+0.011%$67K$37K12xas long as short
RISEx BNB/USDC+0.0393%1h787.84+0.024%$1.1M$901K20xas long as short
dYdX BNB-USD+0.1122%1h787.47−0.023%$158K$34K10xas long as short