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

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0173%/8h= −18.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.056%
Price spread now: Nado against Bulk−0.014%7-day average −0.112% · 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−$6as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Long on BulkShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.204%−$20 on $10k
Price spread, last 4 days (all we have)−0.241%−$24 · spread now −0.014%, 7d avg −0.112%
Together, before fees−0.446%+ Points / potential airdropNado: Active · farm board−$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.098% dearer against Bulk than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.112%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD805.260.0273pay 0.0034% / 1h52m 41s$650K$14K10x
ShortNado BNB-PERP805.150.0100get 0.0012% / 1h52m 41s$1.5M$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Bulk. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$36.33
Price spread: −0.014% → −0.112%
$9.81
Slippage, 4 orders
−$2.13
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$42.65
Costs to cover
0.161%
Break-even
never at this rate
Slippage from Bulk: live order book, 31 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 31 min ago0.06 bp3.6 bp −$43.7 bp −$376.0 bp −$59713.9 bp −$6,931
Sell Nado live order book, 1 min ago0.06 bp4.6 bp −$510.4 bp −$104doesn'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%1h804.57−0.085%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.41+0.143%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.78+0.189%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.60+0.042%$107K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.22+0.119%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.68−0.072%$9.8M—150xas long as short
Hibachi BNB/USDT-P+0.0024%1h806.08+0.101%$71K$48K12xas long as short
Variational Omni BNB+0.0044%8h805.28+0.003%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0056%8h804.70−0.070%—$13.3M—as long as short
Bybit BNBUSDT+0.0083%8h804.70−0.070%$139.3M$82.0M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h805.31+0.006%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.76+0.062%$608K$882K50xas long as short
Nado BNB-PERPshort+0.0100%1h805.15−0.014%$1.5M$2.8M20x
Pacifica BNB+0.0100%1h805.22−0.006%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.90−0.045%$55.1M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h805.50+0.030%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.35−0.113%$36.2M$57.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.32−0.117%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.46−0.099%$78.7M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.63+0.170%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.32+0.132%$162K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.87−0.048%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.40−0.107%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.65−0.075%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.09−0.022%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h804.82−0.055%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.07+0.101%$79K$19K50xas long as short
Aster BNBUSDT+0.0101%8h805.15−0.014%$6.4M$18.8M200xas long as short
Extended BNB-USD+0.0104%1h803.87−0.172%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h804.63−0.079%$387K$40K10xas long as short
MEXC BNB_USDT+0.0117%8h805.40+0.017%$84.5M$13.3M200xas long as short
Binance BNBUSDT+0.0118%8h805.56+0.037%$520.2M$805.9M75xas long as short
Hyperliquid BNB+0.0136%1h805.55+0.036%$51.8M$22.0M10xas long as short
Phemex BNBUSDT+0.0140%8h805.02−0.030%$70.2M$51.9M50xas long as short
SoDEX BNB-USD+0.0145%1h804.50−0.094%$396K$1.0M10xas long as short
dYdX BNB-USD+0.0151%1h804.38−0.109%$162K$63K10xas long as short
Phoenix BNB+0.0155%1h805.95+0.086%$173K$35K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.84−0.052%$1.6M$165K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h804.45−0.101%$2.5M$933K50xas long as short
BloFin BNB-USDT+0.0238%8h805.07−0.024%$18.8M$3.1M75xas long as short
Bulk BNB-USDlong+0.0273%1h805.26long leg$650K$14K10x
Injective BNB/USDC PERP+0.0311%1h805.09−0.021%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h805.18−0.009%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h804.39−0.109%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0360%1h805.66+0.050%$28K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0710%1h805.37+0.014%$3.0M$5.5M40xas long as short