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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0444%/8h= −48.6% APRnext payment $0.55 per $10,000 · paid last 24h −0.073%
Price spread now: Pacifica against Hibachi−0.120%46s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.431%−$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · Pacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Pacifica is 0.120% cheaper against Hibachi than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P789.410.0544pay 0.0068% / 1h54m 43s$67K$39K12x
ShortPacifica BNB788.460.0100get 0.0013% / 1h54m 43s$1.2M$909K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Hibachi. 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
−$93.24
Price spread: −0.120% → 0.000%
−$12.03
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$122.27
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Pacifica: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell Pacifica live order book, 4 min ago0.06 bp5.2 bp −$5doesn't fitdoesn't fitdoesn't fit
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 45 venues

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 −0.0167% / S +0.0335%1h788.05−0.172%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.91−0.063%$4K$23925xas long as short
StandX BNB-USD0.0000%1h790.38+0.123%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h788.03−0.175%$9.6M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.986%$19K$789K30xas long as short
Aster BNBUSDT+0.0035%8h788.86−0.070%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.66+0.032%$619K$1.8M50xas long as short
BingX BNB-USDC+0.0053%8h788.66−0.095%$13.4Mas long as short
Phemex BNBUSDT+0.0060%8h788.69−0.091%$69.0M$50.8M50xas long as short
Variational Omni BNB+0.0066%8h789.32−0.011%$4.1M$4.8Mas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0069%8h789.00−0.052%$80.4M$12.4M200xas long as short
Binance BNBUSDT+0.0070%8h788.86−0.070%$493.9M$808.7M75xas long as short
Gate BNB_USDT+0.0081%8h788.40−0.128%$35.4M$56.3M75xas long as short
Phoenix BNB+0.0088%1h789.07−0.043%$170K$35K10xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h788.10−0.166%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h788.48−0.118%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.07−0.170%$381K$380K50xas long as short
Nado BNB-PERP+0.0100%1h788.35−0.134%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.83−0.073%$51.7M$18.4M10xas long as short
Pacifica BNBshort+0.0100%1h788.46−0.120%$1.2M$909K20x
Bybit BNBUSDT+0.0100%8h788.20−0.153%$138.7M$78.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.10−0.166%$53.3M$112.4M50xas long as short
Arcus BNB-USD+0.0100%1h788.60−0.103%$52K$130K10xas long as short
KuCoin BNBUSDTM+0.0100%8h788.05−0.172%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.12−0.163%$76.9M$30.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.79−0.078%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h788.30−0.140%$4.1M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.22−0.151%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.00−0.179%$137K$945K10xas long as short
Derive BNB-PERP+0.0100%1h788.19−0.154%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.92−0.062%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h788.58−0.105%$8.1M$9.0M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h788.99−0.053%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.31−0.139%$1.8M$5.9M50xas long as short
GRVT BNB_USDT_Perp+0.0104%8h788.27−0.144%$2.9M$27.9M10xas long as short
Aevo BNB-PERP+0.0104%1h788.26−0.146%$379K$110K10xas long as short
SoDEX BNB-USD+0.0115%1h788.30−0.141%$388K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0175%8h788.70−0.090%$91K$2.8M4.8xas long as short
dYdX BNB-USD+0.0222%1h788.30−0.141%$159K$64K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.54−0.110%$1.5M$160K25xas long as short
01 Exchange BNBUSD+0.0320%1h789.04−0.047%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h787.81−0.203%$6K$3K40xas long as short
Bulk BNB-USD+0.0340%1h789.39−0.002%$639K$13K10xas long as short
RISEx BNB/USDC+0.0361%1h788.75−0.084%$1.1M$1.1M20xas long as short
Hibachi BNB/USDT-Plong+0.0544%1h789.41long leg$67K$39K12x