Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Nado+0.057%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Nado Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.057%, 7d avg +0.053%

Together, before fees−0.045%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	789.20	0.0100	pay 0.0012% / 1h	2m 08s	$1.5M	$2.7M	20x
Short	Pacifica BNB	789.65	0.0100	get 0.0013% / 1h	2m 08s	$1.2M	$920K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Nado. 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 NadobpFee PacificabpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.053%: $0.4
Slippage, 4 orders: −$6.99
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$21.58
Costs to cover: 0.220%
Break-even: 2217150855115495.5 days

Slippage from Nado: live order book, 2 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 Nado live order book, 2 min ago	0.06 bp	4.4 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	0.82 bp	5.3 bp −$5	doesn't fit	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	789.61	+0.052%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.47	+0.034%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.11	+0.115%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.96	+0.223%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.69	+0.062%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.013%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	789.97	+0.098%	$6.2M	$19.1M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	789.46	+0.033%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0054%	8h	790.18	+0.124%	$69.1M	$50.8M	50x	as long as short
Variational Omni BNB	+0.0055%	8h	789.21	+0.002%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	789.66	+0.058%	$619K	$1.8M	50x	as long as short
Gate BNB_USDT	+0.0067%	8h	789.55	+0.044%	$35.2M	$58.0M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	790.40	+0.152%	$80.4M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	790.21	+0.128%	$494.6M	$816.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	+0.029%	$170K	$36K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0095%	8h	789.99	+0.100%	$2.9M	$28.4M	10x	as long as short
Lighter BNB	+0.0096%	1h	789.80	+0.076%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.59	+0.049%	$382K	$386K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	789.20	long leg	$1.5M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	790.20	+0.127%	$51.8M	$18.7M	10x	as long as short
Pacifica BNBshort	+0.0100%	1h	789.65	+0.057%	$1.2M	$920K	20x
Bybit BNBUSDT	+0.0100%	8h	789.53	+0.042%	$138.9M	$79.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.40	+0.025%	$53.3M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.80	+0.076%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.56	+0.046%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.35	+0.019%	$77.3M	$29.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.48	+0.035%	$4.1M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.73	+0.067%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.48	+0.035%	$137K	$947K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.70	+0.063%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.20	+0.127%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.66	+0.058%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.22	+0.129%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.31	+0.014%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.61	+0.052%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0113%	1h	789.56	+0.045%	$160K	$64K	10x	as long as short
SoDEX BNB-USD	+0.0114%	1h	789.70	+0.063%	$388K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.83	+0.079%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	790.20	+0.127%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.22	+0.129%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	+0.076%	$640K	$13K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.40	+0.026%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0386%	1h	790.29	+0.138%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	790.09	+0.113%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	790.12	+0.117%	$68K	$39K	12x	as long as short