Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against ApeX Omni−0.003%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$290.293% of the position
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 3 days (all we have)−0.153%−$15 · spread now −0.003%, 7d avg −0.092%
Together, before fees−0.154%+ Points / potential airdropNado: Active · farm board−$15 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: Nado is 0.089% dearer against ApeX Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.092%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BNBUSDT804.730.0100pay 0.0013% / 1h26m 59s$159K$438K50x
ShortNado BNB-PERP804.710.0100get 0.0012% / 1h26m 59s$1.4M$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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
Price spread: −0.003% → −0.092%
$8.88
Slippage, 4 orders
−$12.33
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$20.45
Costs to cover
0.293%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 60 min ago; Nado: live order book, 2 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 ApeX Omni live order book, 60 min ago5.28 bp10.3 bp −$1031.3 bp −$313doesn't fitdoesn't fit
Sell Nado live order book, 2 min ago0.06 bp4.1 bp −$48.7 bp −$87doesn't fitdoesn't fit

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%1h805.07+0.043%$49K200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.10+0.046%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.60−0.016%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.30+0.071%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.43−0.037%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.12+0.048%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h805.17+0.055%$2.5M$908K50xas long as short
Variational Omni BNB+0.0049%8h803.71−0.126%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0054%8h805.32+0.073%$13.3Mas long as short
Bybit BNBUSDT+0.0075%8h804.90+0.021%$139.6M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80+0.009%$609K$879K50xas long as short
Aster BNBUSDT+0.0091%8h805.82+0.135%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h805.39+0.081%$2.8M$4.2M20xas long as short
Nado BNB-PERPshort+0.0100%1h804.71−0.003%$1.4M$2.8M20x
Pacifica BNB+0.0100%1h804.97+0.030%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.20+0.058%$55.2M$115.8M50xas long as short
Arcus BNB-USD+0.0100%1h805.10+0.046%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h805.05+0.040%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.06+0.041%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.98+0.031%$79.2M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.62−0.014%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDTlong+0.0100%1h804.73long leg$159K$438K50x
Polymarket Perps BNB-USD+0.0100%1h804.89+0.020%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.15+0.052%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h805.32+0.074%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.61+0.109%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.69+0.120%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.63−0.012%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.68+0.118%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.93+0.024%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.23+0.062%$387K$40K10xas long as short
MEXC BNB_USDT+0.0107%8h806.20+0.183%$84.5M$13.6M200xas long as short
Binance BNBUSDT+0.0109%8h805.97+0.154%$520.0M$803.5M75xas long as short
Phoenix BNB+0.0125%1h804.63−0.012%$173K$35K10xas long as short
Phemex BNBUSDT+0.0125%8h805.63+0.112%$70.3M$51.7M50xas long as short
Hyperliquid BNB+0.0168%1h805.98+0.155%$51.8M$21.3M10xas long as short
SoDEX BNB-USD+0.0190%1h805.20+0.058%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.048%$650K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h805.28+0.069%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0229%8h805.82+0.135%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.39−0.042%$71K$48K12xas long as short
dYdX BNB-USD+0.0273%1h804.28−0.056%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h804.66−0.009%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h805.88+0.143%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.020%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0650%1h806.25+0.189%$3.0M$5.5M40xas long as short