Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Nado against Extended−0.019%7-day average +0.045% · 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−$21as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 3 days (all we have)+0.014%+$1 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.019%, 7d avg +0.045%
=Together, before fees+0.042%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$4 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 0.064% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 806.16 | 0.0104 | pay 0.0013% / 1h | 38m 44s | $1.9M | $6.0M | 50x |
| Short | Nado BNB-PERP | 806.00 | 0.0100 | get 0.0012% / 1h | 38m 44s | $1.5M | $2.7M | 20x |
Extended BNB-USD
Nado BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.019% → +0.045%
- −$6.44
- Slippage, 4 orders
- −$2.15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$21.44
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Nado: live order book, 5 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 Extended live order book, 5 min ago | 0.06 bp | 3.2 bp −$3 | 4.0 bp −$40 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.06 bp | 4.2 bp −$4 | 8.9 bp −$89 | 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 | 806.20 | +0.006% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.78 | +0.077% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 807.25 | +0.136% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 807.30 | +0.142% | $106K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 806.95 | +0.098% | $872K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 806.39 | +0.029% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 806.56 | +0.050% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 806.53 | +0.046% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 805.96 | −0.024% | $139.6M | $81.1M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.67 | +0.063% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi BNB/USDT-P | +0.0096% | 1h | 807.09 | +0.116% | $72K | $48K | 12x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.54 | −0.076% | $608K | $881K | 50x | as long as short |
| Nado BNB-PERPshort | +0.0100% | 1h | 806.00 | −0.019% | $1.5M | $2.7M | 20x | |
| Pacifica BNB | +0.0100% | 1h | 806.62 | +0.057% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.30 | +0.018% | $55.1M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.70 | +0.067% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 806.40 | +0.030% | $36.1M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 806.20 | +0.005% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.78 | −0.047% | $78.8M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 807.43 | +0.158% | $4.2M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 807.11 | +0.118% | $162K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 806.22 | +0.008% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.25 | +0.012% | $390K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 806.52 | +0.045% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.97 | +0.100% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.57 | +0.051% | $8.2M | $7.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 807.10 | +0.117% | $79K | $19K | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 806.16 | long leg | $1.9M | $6.0M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 806.50 | +0.043% | $387K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0107% | 8h | 807.25 | +0.135% | $6.4M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0121% | 8h | 807.50 | +0.167% | $84.8M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0122% | 8h | 807.00 | +0.104% | $521.0M | $803.7M | 75x | as long as short |
| Phemex BNBUSDT | +0.0133% | 8h | 806.87 | +0.089% | $70.4M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 807.20 | +0.129% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0184% | 1h | 806.40 | +0.030% | $397K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | +0.0193% | 1h | 806.57 | +0.052% | $163K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 806.38 | +0.028% | $2.5M | $929K | 50x | as long as short |
| Hyperliquid BNB | +0.0221% | 1h | 807.22 | +0.132% | $52.0M | $21.8M | 10x | as long as short |
| BloFin BNB-USDT | +0.0242% | 8h | 806.92 | +0.095% | $18.8M | $2.6M | 75x | as long as short |
| Bulk BNB-USD | +0.0295% | 1h | 807.66 | +0.187% | $652K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 806.73 | +0.071% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.132% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.58 | +0.053% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 805.94 | −0.026% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0360% | 1h | 807.09 | +0.116% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0699% | 1h | 807.41 | +0.156% | $3.0M | $5.5M | 40x | as long as short |
Hibachi BNB/USDT-P
Coinbase International BNB-PERP-INTX
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
dYdX BNB-USD
Kraken Futures PF_BNBUSD
Hyperliquid BNB
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP