Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.011%

Price spread now: Nado against Binance−0.098%7-day average −0.092% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.098%, 7d avg −0.092%

Together, before fees+0.066%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	799.51	0.0098	pay 0.0098% / 8h	2m 29s	$497.7M	$818.3M	75x
Short	Nado BNB-PERP	798.72	0.0100	get 0.0012% / 1h	2m 29s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.098%Rate

Funding earned: $0.34
Price spread: −0.098% → −0.092%: −$0.65
Slippage, 4 orders: −$1.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$18.95
Costs to cover: 0.186%
Break-even: 396.8 days

Slippage from Binance: live order book, 11 min ago; Nado: live order book, 1 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 Binance live order book, 11 min ago	0.06 bp	5.1 bp −$5	5.3 bp −$53	12.4 bp −$1,243	doesn't fit
Sell Nado live order book, 1 min ago	0.06 bp	3.6 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit

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]	L −0.0201% / S +0.0372%	1h	799.01	−0.063%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.26	−0.031%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.16	−0.044%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.72	−0.099%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.01	+0.063%	$865K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.246%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.00	−0.064%	$9.7M	—	150x	as long as short
BingX BNB-USDC	+0.0030%	8h	799.14	−0.046%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0038%	8h	798.72	−0.099%	$138.7M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.104%	$602K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0079%	8h	799.45	−0.007%	$6.2M	$19.2M	200x	as long as short
Phemex BNBUSDT	+0.0094%	8h	799.57	+0.008%	$69.9M	$50.6M	50x	as long as short
Lighter BNB	+0.0096%	1h	799.27	−0.031%	$2.8M	$4.1M	20x	as long as short
Binance BNBUSDTlong	+0.0098%	8h	799.51	long leg	$497.7M	$818.3M	75x
MEXC BNB_USDT	+0.0099%	8h	799.80	+0.036%	$83.1M	$13.6M	200x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	798.72	−0.098%	$1.4M	$2.7M	20x
Pacifica BNB	+0.0100%	1h	799.12	−0.049%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	−0.089%	$54.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.20	−0.039%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.65	−0.108%	$35.7M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.89	−0.078%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.79	−0.090%	$78.9M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.64	−0.108%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.21	−0.038%	$161K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.92	−0.074%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.90	−0.076%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.23	−0.035%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.79	+0.035%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.30	−0.026%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.56	+0.006%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.54	+0.004%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.57	+0.008%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.60	−0.114%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.05	−0.058%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.143%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.44	−0.009%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.70	+0.024%	$90K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.086%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0219%	8h	799.70	+0.024%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0247%	1h	799.85	+0.043%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.00	−0.064%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	799.52	+0.001%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.698%	$19K	$789K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0328%	1h	799.43	−0.010%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0329%	1h	798.88	−0.079%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.59	−0.115%	$6K	$3K	40x	as long as short