Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.011%

Price spread now: Pacifica against Binance−0.002%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.035%−$3 · spread now −0.002%, 7d avg −0.040%

Together, before fees+0.041%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.037% dearer against Binance than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.040%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	801.98	0.0120	pay 0.0120% / 8h	1h 31m	$517.2M	$828.7M	75x
Short	Pacifica BNB	801.96	0.0100	get 0.0013% / 1h	31m 56s	$1.2M	$923K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.002%Rate

Funding earned: −$4.21
Price spread: −0.002% → −0.040%: $3.72
Slippage, 4 orders: −$4.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.15
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Pacifica: live order book, 2 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 Binance live order book, 12 min ago	0.06 bp	5.1 bp −$5	6.2 bp −$62	15.1 bp −$1,512	doesn't fit
Sell Pacifica live order book, 2 min ago	1.75 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 −0.0201% / S +0.0372%	1h	801.36	−0.078%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.04	+0.007%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.39	+0.425%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.00	+0.002%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.96	+0.122%	$868K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.40	−0.072%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0041%	8h	805.56	+0.446%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0058%	8h	801.07	−0.113%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0081%	8h	801.10	−0.110%	$139.6M	$83.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.76	−0.027%	$2.8M	$4.2M	20x	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	+0.0096%	1h	801.19	−0.099%	$610K	$1.0M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.67	−0.038%	$1.4M	$2.8M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	801.96	−0.002%	$1.2M	$923K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	801.30	−0.085%	$54.9M	$117.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.00	+0.002%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.10	−0.110%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.37	−0.076%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.28	−0.087%	$81.0M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.46	+0.434%	$4.2M	$77.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.51	+0.440%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.36	−0.077%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.31	−0.084%	$387K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.65	−0.041%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.03	+0.006%	$11K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.38	−0.075%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.37	+0.048%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	802.01	+0.003%	$6.4M	$19.3M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.18	−0.100%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.54	+0.069%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0120%	8h	802.70	+0.090%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDTlong	+0.0120%	8h	801.98	long leg	$517.2M	$828.7M	75x
Phemex BNBUSDT	+0.0130%	8h	802.22	+0.030%	$70.0M	$51.7M	50x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	802.60	+0.078%	$71K	$48K	12x	as long as short
SoDEX BNB-USD	+0.0150%	1h	801.60	−0.047%	$394K	$1.0M	10x	as long as short
Phoenix BNB	+0.0155%	1h	804.78	+0.349%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0179%	1h	802.20	+0.027%	$162K	$64K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.87	−0.014%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	801.62	−0.044%	$2.6M	$983K	50x	as long as short
BloFin BNB-USDT	+0.0240%	8h	802.70	+0.090%	$18.8M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0255%	1h	802.34	+0.045%	$51.9M	$22.2M	10x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.708%	$652K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.388%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.75	−0.029%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.00	−0.122%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	802.24	+0.032%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0672%	1h	802.25	+0.034%	$3.0M	$5.5M	40x	as long as short