Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0471%/8hnext payment −$0.59 per $10,000 · paid last 24h −0.126%

Price spread now: GMX against Pacifica+0.004%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	799.74	0.0100	pay 0.0013% / 1h	7m 09s	$1.2M	$916K	20x
Short	GMX BNB/USD [WBTC.b-USDC]	799.77	L −0.0195% / S +0.0371%	pay 0.0046% / 1h	7m 09s	$48K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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 PacificabpFee GMXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$99.01
Price spread: +0.004% → 0.000%: $0.41
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$118.6
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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 Pacifica live order book, 1 min ago	1.69 bp	5.9 bp −$6	10.7 bp −$107	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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]short	L −0.0195% / S +0.0371%	1h	799.77	+0.004%	$48K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	799.93	+0.024%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.79	+0.007%	$3.0M	$29.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.023%	$865K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	799.86	+0.016%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.33	+0.074%	$19K	$513K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.07	+0.042%	$601K	$900K	50x	as long as short
Variational Omni BNB	+0.0070%	8h	798.95	−0.099%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDC	+0.0078%	8h	799.84	+0.013%	—	$13.2M	—	as long as short
Aster BNBUSDT	+0.0091%	8h	800.12	+0.048%	$6.3M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.10	+0.045%	$2.9M	$3.9M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.80	+0.133%	$84.0M	$15.2M	200x	as long as short
Binance BNBUSDT	+0.0098%	8h	800.15	+0.052%	$516.6M	$803.0M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.48	−0.032%	$1.4M	$2.8M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	799.74	long leg	$1.2M	$916K	20x
Bybit BNBUSDT	+0.0100%	8h	799.30	−0.055%	$138.3M	$86.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.40	−0.042%	$54.9M	$116.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	−0.005%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.45	−0.036%	$35.9M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.41	−0.041%	$28.0M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.32	−0.052%	$78.4M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.11	+0.046%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.09	+0.044%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.69	−0.006%	$120K	$881K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.70	−0.005%	$386K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.85	+0.014%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.14	+0.050%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	−0.005%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	800.10	+0.045%	$1.6M	$159K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.95	+0.026%	$8.2M	$7.0M	75x	as long as short
Bulk BNB-USD	+0.0100%	1h	799.93	+0.024%	$649K	$3K	10x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.18	+0.055%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0101%	8h	800.20	+0.058%	$107K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	799.38	−0.045%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.79	+0.007%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0110%	8h	800.27	+0.067%	$70.0M	$51.8M	50x	as long as short
Phoenix BNB	+0.0151%	1h	799.88	+0.018%	$172K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	799.76	+0.003%	$1.1M	$1.4M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	799.62	−0.015%	$2.5M	$915K	50x	as long as short
BloFin BNB-USDT	+0.0218%	8h	800.22	+0.060%	$18.9M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0227%	1h	800.35	+0.077%	$51.3M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	800.35	+0.077%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0312%	1h	800.10	+0.045%	$70K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	799.42	−0.040%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0363%	1h	799.53	−0.026%	$169K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0690%	1h	800.70	+0.120%	$3.0M	$5.3M	40x	as long as short