Supermassive black hole binaries (SMBHs) are expected to result from galaxy mergers, and thus are natural byproducts (and probes) of hierarchical structure formation in the Universe. They are also the primary expected source of low-frequency gravitational wave emission. We search for binary BHs using time-variable velocity shifts in broad Mg ii emission lines of quasars with multi-epoch observations. First, we inspect velocity shifts of the binary SMBH candidates identified in Ju et al. (2013), using SDSS spectra with an additional epoch of data that lengthens the typical baseline to ∼ 10 yr. We find variations in the line-of-sight velocity shifts over 10 years that are comparable to the shifts observed over 1-2 years, ruling out the binary model for the bulk of our candidates. We then analyze 1438 objects with 8 yr median time baselines, from which we would expect to see velocity shifts > 1000 km s −1 from sub-pc binaries. We find only one object with an outlying velocity of 448 km s −1 , indicating, based on our modeling, that 1 per cent (the value varies with different assumptions) of SMBHs that are active as quasars reside in binaries with ∼ 0.1 pc separations. Binaries either sweep through these small separations rapidly or stall at larger radii.