BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.007%

Price spread now: Nado against Coinbase International−0.080%7-day average −0.019% · 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−$28as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.080%, 7d avg −0.019%

Together, before fees+0.201%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.060% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.069%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	788.03	0.0120	pay 0.0015% / 1h	57m 40s	$545K	$1.9M	50x
Short	Nado BNB-PERP	787.40	0.0100	get 0.0012% / 1h	57m 40s	$1.4M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.080%Rate

Funding earned: −$4.2
Price spread: −0.080% → −0.019%: −$6.05
Slippage, 4 orders: −$5.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$32.3
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Nado: live order book, 4 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 Coinbase International live order book, 4 min ago	1.78 bp	7.6 bp −$8	13.5 bp −$135	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.06 bp	3.9 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.50	−0.067%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.40	−0.080%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.008%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.95	−0.010%	$5.9M	$17.1M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.97	−0.008%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	−0.004%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.28	+0.032%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.41	−0.079%	$9.5M	—	150x	as long as short
Binance BNBUSDT	+0.0017%	8h	787.93	−0.013%	$481.7M	$767.2M	75x	as long as short
MEXC BNB_USDT	+0.0017%	8h	789.00	+0.123%	$83.4M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.165%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0052%	8h	787.10	−0.118%	$138.5M	$67.3M	75x	as long as short
BloFin BNB-USDT	+0.0070%	8h	788.17	+0.018%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0089%	8h	788.09	+0.008%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.98	−0.006%	$158K	$44K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.47	−0.072%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	787.40	−0.080%	$1.4M	$2.4M	20x
Hyperliquid BNB	+0.0100%	1h	788.00	−0.004%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.66	−0.047%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.30	−0.093%	$53.3M	$102.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.055%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.35	−0.086%	$41.1M	$53.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.17	−0.109%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.05	−0.124%	$75.6M	$30.8M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.47	−0.071%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.91	−0.015%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.17	−0.110%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.96	−0.009%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.98	−0.006%	$159K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.54	−0.062%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.51	−0.066%	$265K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.09	+0.008%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	−0.055%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.79	−0.030%	$1.5M	$157K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.86	−0.021%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.85	−0.023%	$78K	$356K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.92	−0.141%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.50	−0.067%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0120%	1h	788.03	long leg	$545K	$1.9M	50x
01 Exchange BNBUSD	+0.0240%	1h	787.88	−0.019%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0277%	1h	788.58	+0.069%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	787.04	−0.125%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.86	−0.022%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.84	−0.024%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1122%	1h	787.47	−0.071%	$158K	$34K	10x	as long as short