BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.006%

Price spread now: Phoenix against Pacifica−0.031%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.031%, 7d avg +0.051%

Together, before fees+0.289%+ Points / potential airdropPacifica: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.082% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.051%). If the spread goes back, that is −$8 on $10k: about 7.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.169% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	786.50	0.0100	pay 0.0013% / 1h	30m 46s	$1.2M	$933K	20x
Short	Phoenix BNB	786.26	0.0135	get 0.0017% / 1h	30m 46s	$169K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.031%Rate

Funding earned: $7.36
Price spread: −0.031% → +0.051%: −$8.2
Slippage, 4 orders: −$21.84
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$37.68
Costs to cover: 0.368%
Break-even: 42.8 days

Slippage from Pacifica: live order book, 3 min ago; Phoenix: live order book, 5 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	0.32 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	1.02 bp	12.4 bp −$12	43.2 bp −$432	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 −0.0170% / S +0.0337%	1h	786.45	−0.007%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.78	+0.035%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.19	+0.088%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.52	+0.002%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.363%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0050%	8h	787.16	+0.084%	$6.1M	$18.9M	200x	as long as short
BingX BNB-USDT	+0.0051%	8h	786.78	+0.035%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0064%	8h	787.80	+0.165%	$81.1M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	787.16	+0.084%	$490.4M	$815.3M	75x	as long as short
dYdX BNB-USD	+0.0073%	1h	786.36	−0.018%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.12	+0.079%	$68.8M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.20	−0.038%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.72	+0.028%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.10	−0.051%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.12	+0.079%	$51.5M	$17.7M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	786.50	long leg	$1.2M	$933K	20x
Bybit BNBUSDT	+0.0100%	8h	786.39	−0.014%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	−0.013%	$53.5M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.50	0.000%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	+0.019%	$37.4M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.41	−0.012%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.38	−0.015%	$76.1M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.98	+0.061%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−0.049%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.71	+0.027%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.63	+0.016%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.33	−0.022%	$131K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.55	+0.006%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.060%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.08	+0.073%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	+0.025%	$387K	$982K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.45	−0.007%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.91	+0.052%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.26	−0.031%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.53	+0.003%	$378K	$110K	10x	as long as short
Phoenix BNBshort	+0.0135%	1h	786.26	−0.031%	$169K	$35K	10x
Kalshi KXBNBPERP	+0.0136%	8h	786.80	+0.038%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	787.15	+0.082%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.89	+0.049%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.37	−0.017%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.25	+0.095%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	786.97	+0.060%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	+0.101%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.16	−0.044%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.73	+0.028%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.65	+0.018%	$67K	$39K	12x	as long as short