Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni−0.175%111s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.310% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.175%, 7d avg −0.035%

Together, before fees+0.013%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.140% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	806.36	0.0100	pay 0.0013% / 1h	9m 38s	$159K	$437K	50x
Short	Pacifica BNB	804.95	0.0100	get 0.0013% / 1h	9m 38s	$1.2M	$924K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → −0.035%: −$13.95
Slippage, 4 orders: −$12.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$44.9
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 13 min ago; Pacifica: 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 ApeX Omni live order book, 13 min ago	3.47 bp	11.5 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	0.50 bp	6.3 bp −$6	doesn't fit	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 −0.0195% / S +0.0371%	1h	804.88	−0.183%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.14	−0.151%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.48	−0.109%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.90	−0.057%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.97	−0.172%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.00	−0.169%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.99	−0.169%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.215%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	804.81	−0.192%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.50	−0.231%	$139.6M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	−0.150%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.90	−0.181%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.42	−0.117%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.90	−0.181%	$1.5M	$2.8M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	804.95	−0.175%	$1.2M	$924K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	−0.231%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.10	−0.156%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.55	−0.224%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.65	−0.212%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.33	−0.252%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.054%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	806.36	long leg	$159K	$437K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	804.96	−0.174%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.00	−0.169%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.99	−0.170%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.63	−0.090%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.38	−0.121%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.30	−0.131%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.70	−0.082%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.38	−0.245%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.12	−0.154%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.60	−0.094%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.32	−0.129%	$520.5M	$806.2M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	−0.092%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0134%	8h	805.52	−0.104%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0196%	1h	804.90	−0.181%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.01	−0.167%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0210%	1h	805.43	−0.115%	$51.9M	$22.0M	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	805.45	−0.113%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0243%	1h	804.86	−0.186%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.00	−0.168%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	−0.123%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.70	−0.206%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.87	−0.061%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.182%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.87	−0.061%	$3.0M	$5.5M	40x	as long as short