Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.002%

Price spread now: Pacifica against MEXC−0.053%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days−0.145%−$15 · spread now −0.053%, 7d avg −0.148%

Together, before fees−0.077%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Pacifica is 0.095% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	799.40	0.0086	pay 0.0086% / 8h	7h 35m	$83.1M	$13.5M	200x
Short	Pacifica BNB	798.98	0.0100	get 0.0013% / 1h	35m 28s	$1.2M	$924K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.053%Rate

Funding earned: $2.94
Price spread: −0.053% → −0.148%: $9.54
Slippage, 4 orders: −$6.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.8
Costs to cover: 0.183%
Break-even: 20.8 days

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.63 bp	3.4 bp −$3	5.8 bp −$58	24.5 bp −$2,450	41.8 bp −$20.9K
Sell Pacifica live order book, 4 min ago	0.88 bp	6.6 bp −$7	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	799.12	−0.035%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.09	−0.038%	$2.5M	$974K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.52	+0.015%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0057%	8h	798.70	−0.088%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0034%	8h	798.10	−0.163%	$138.6M	$75.2M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.67	+0.034%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.95	+0.069%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.71	+0.039%	$69.8M	$50.5M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	−0.084%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.14	−0.033%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.712%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.175%	$601K	$969K	50x	as long as short
Aster BNBUSDT	+0.0065%	8h	799.08	−0.040%	$6.2M	$19.1M	200x	as long as short
MEXC BNB_USDTlong	+0.0086%	8h	799.40	long leg	$83.1M	$13.5M	200x
Binance BNBUSDT	+0.0086%	8h	798.93	−0.059%	$496.0M	$807.3M	75x	as long as short
Gate BNB_USDT	+0.0091%	8h	798.50	−0.113%	$35.7M	$56.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.93	−0.058%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.23	−0.021%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.60	−0.100%	$1.5M	$2.7M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	798.98	−0.053%	$1.2M	$924K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	798.30	−0.138%	$54.2M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.90	−0.063%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.75	−0.081%	$28.0M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.98	−0.178%	$78.7M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.78	+0.047%	$4.2M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	−0.010%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.32	−0.135%	$118K	$871K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.09	−0.039%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.30	−0.013%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.22	+0.102%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.40	0.000%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.36	−0.005%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.59	+0.024%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.23	−0.146%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.22	−0.023%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.036%	$649K	$10K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.31	−0.011%	$69K	$37K	12x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	799.50	+0.013%	$90K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.65	−0.093%	$1.1M	$1.4M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.58	+0.022%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0207%	8h	799.67	+0.034%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.98	−0.053%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0259%	1h	798.87	−0.066%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0312%	1h	799.71	+0.039%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.97	−0.179%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0401%	1h	799.83	+0.054%	$2.7M	$5.6M	40x	as long as short