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: Lighter against Pacifica+0.030%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as 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 airdropPacifica: Active · Lighter: Season 3 · 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: Lighter is 0.074% dearer against Pacifica than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BNB799.470.0100pay 0.0013% / 1h6m 41s$1.2M$916K20x
ShortLighter BNB799.710.0096get 0.0012% / 1h6m 41s$2.9M$3.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$0.84
Price spread: +0.030% → −0.043%
$7.4
Slippage, 4 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$7.45
Costs to cover
0.140%
Break-even
never at this rate
Slippage from Pacifica: live order book, 2 min ago; Lighter: live order book, 5 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 Pacifica live order book, 2 min ago1.69 bp5.9 bp −$610.7 bp −$107doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.59 bp1.5 bp −$23.7 bp −$3714.1 bp −$1,41171.6 bp −$35.8K

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%1h799.77+0.038%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h799.93+0.057%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.79+0.040%$3.0M$29.9M10xas long as short
StandX BNB-USD0.0000%1h799.92+0.056%$865K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0008%1h799.86+0.049%$9.7M150xas long as short
Injective BNB/USDC PERP+0.0033%1h800.33+0.107%$19K$513K30xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h800.07+0.075%$601K$900K50xas long as short
Variational Omni BNB+0.0070%8h798.95−0.066%$4.1M$5.5Mas long as short
BingX BNB-USDT+0.0078%8h799.24−0.029%$33.8Mas long as short
Aster BNBUSDT+0.0090%8h800.13+0.082%$6.3M$18.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNBshort+0.0096%1h799.71+0.030%$2.9M$3.9M20x
MEXC BNB_USDT+0.0097%8h800.30+0.104%$83.9M$15.2M200xas long as short
Binance BNBUSDT+0.0097%8h799.71+0.030%$516.3M$803.1M75xas long as short
Nado BNB-PERP+0.0100%1h799.48+0.001%$1.4M$2.8M20xas long as short
Pacifica BNBlong+0.0100%1h799.47long leg$1.2M$916K20x
Bybit BNBUSDT+0.0100%8h798.83−0.080%$138.2M$86.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80−0.084%$54.9M$116.2M50xas long as short
Arcus BNB-USD+0.0100%1h799.30−0.021%$53K$221K10xas long as short
Gate BNB_USDT+0.0100%8h799.05−0.053%$35.9M$59.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.02−0.056%$28.0M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h798.77−0.088%$78.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h800.11+0.079%$4.2M$76.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.09+0.077%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.69+0.027%$120K$881K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.70+0.029%$386K$627K50xas long as short
Derive BNB-PERP+0.0100%1h799.85+0.048%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h800.14+0.083%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.70+0.029%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h800.10+0.078%$1.6M$159K25xas long as short
HTX BNB-USDT+0.0100%8h799.95+0.059%$8.2M$7.0M75xas long as short
Bulk BNB-USD+0.0100%1h799.93+0.057%$649K$3K10xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.79+0.040%$78K$19K50xas long as short
Kalshi KXBNBPERP+0.0101%8h800.20+0.091%$107K$2.7M4.8xas long as short
Extended BNB-USD+0.0104%1h798.74−0.092%$1.9M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h799.79+0.040%$384K$40K10xas long as short
Phemex BNBUSDT+0.0110%8h800.27+0.100%$70.0M$51.8M50xas long as short
Phoenix BNB+0.0151%1h799.88+0.051%$172K$28K10xas long as short
RISEx BNB/USDC+0.0165%1h799.42−0.006%$1.1M$1.5M20xas long as short
Kraken Futures PF_BNBUSD+0.0185%1h799.62+0.019%$2.5M$915K50xas long as short
BloFin BNB-USDT+0.0218%8h800.22+0.094%$18.9M$3.0M75xas long as short
Hyperliquid BNB+0.0225%1h799.97+0.062%$51.3M$21.4M10xas long as short
01 Exchange BNBUSD+0.0280%1h800.35+0.110%$28K$1K10xas long as short
Hibachi BNB/USDT-P+0.0312%1h800.10+0.079%$70K$48K12xas long as short
Reya BNBRUSDPERP+0.0335%1h799.42−0.007%$9K40xas long as short
dYdX BNB-USD+0.0364%1h799.53+0.008%$169K$55K10xas long as short
Backpack BNB_USDC_PERP+0.0690%1h800.70+0.154%$3.0M$5.3M40xas long as short