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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0004%/8hnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Lighter−0.030%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$140.140% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days+0.097%+$10 · spread now −0.030%, 7d avg +0.043%
Together, before fees+0.174%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$17 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 0.074% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB799.710.0096pay 0.0012% / 1h6m 21s$2.9M$3.9M20x
ShortPacifica BNB799.470.0100get 0.0013% / 1h6m 21s$1.2M$916K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. 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
$0.84
Price spread: −0.030% → +0.043%
−$7.39
Slippage, 4 orders
−$6
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$20.56
Costs to cover
0.140%
Break-even
178.3 days
Slippage from Lighter: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago0.59 bp0.7 bp −$14.7 bp −$4714.4 bp −$1,43868.0 bp −$34.0K
Sell Pacifica live order book, 2 min ago1.69 bp5.8 bp −$68.2 bp −$82doesn't fitdoesn't fit

BNB on 46 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 −0.0195% / S +0.0371%1h799.18−0.067%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h800.04+0.041%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.79+0.009%$3.0M$29.9M10xas long as short
StandX BNB-USD0.0000%1h799.92+0.026%$865K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0008%1h799.18−0.066%$9.7M150xas long as short
Injective BNB/USDC PERP+0.0033%1h800.33+0.077%$19K$513K30xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h800.07+0.044%$601K$900K50xas long as short
Variational Omni BNB+0.0070%8h798.95−0.096%$4.1M$5.5Mas long as short
BingX BNB-USDC+0.0078%8h799.54−0.022%$13.2Mas long as short
Aster BNBUSDT+0.0090%8h799.80+0.010%$6.3M$18.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNBlong+0.0096%1h799.71long leg$2.9M$3.9M20x
MEXC BNB_USDT+0.0097%8h800.30+0.073%$83.9M$15.2M200xas long as short
Binance BNBUSDT+0.0097%8h799.69−0.003%$516.3M$802.6M75xas long as short
Nado BNB-PERP+0.0100%1h798.83−0.110%$1.4M$2.8M20xas long as short
Pacifica BNBshort+0.0100%1h799.47−0.030%$1.2M$916K20x
Bybit BNBUSDT+0.0100%8h798.80−0.114%$138.2M$86.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.90−0.102%$54.9M$116.3M50xas long as short
Arcus BNB-USD+0.0100%1h799.30−0.052%$53K$221K10xas long as short
Gate BNB_USDT+0.0100%8h798.90−0.102%$35.9M$59.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.00−0.089%$28.0M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h798.76−0.119%$78.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h800.11+0.049%$4.2M$76.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.09+0.047%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.18−0.067%$120K$881K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.21−0.063%$386K$627K50xas long as short
Derive BNB-PERP+0.0100%1h799.26−0.057%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.86+0.018%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.20−0.064%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h799.19−0.065%$8.2M$7.0M75xas long as short
Bulk BNB-USD+0.0100%1h799.93+0.027%$649K$3K10xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.79+0.010%$78K$19K50xas long as short
Kalshi KXBNBPERP+0.0101%8h800.20+0.061%$107K$2.7M4.8xas long as short
Extended BNB-USD+0.0104%1h798.77−0.118%$1.9M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h799.25−0.058%$384K$40K10xas long as short
Phemex BNBUSDT+0.0112%8h799.69−0.003%$69.9M$51.7M50xas long as short
Phoenix BNB+0.0151%1h799.88+0.021%$172K$28K10xas long as short
RISEx BNB/USDC+0.0165%1h799.42−0.036%$1.1M$1.5M20xas long as short
Kraken Futures PF_BNBUSD+0.0185%1h799.13−0.073%$2.5M$914K50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.60−0.015%$1.6M$159K25xas long as short
BloFin BNB-USDT+0.0218%8h800.22+0.063%$18.9M$3.0M75xas long as short
Hyperliquid BNB+0.0224%1h799.87+0.019%$51.3M$21.4M10xas long as short
01 Exchange BNBUSD+0.0280%1h799.89+0.022%$28K$1K10xas long as short
Hibachi BNB/USDT-P+0.0312%1h799.93+0.027%$70K$47K12xas long as short
Reya BNBRUSDPERP+0.0335%1h798.82−0.112%$9K40xas long as short
dYdX BNB-USD+0.0364%1h799.53−0.023%$169K$55K10xas long as short
Backpack BNB_USDC_PERP+0.0690%1h800.70+0.123%$3.0M$5.3M40xas long as short