BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%

Price spread now: Nado against gTrade (Gains Network)−0.018%7-day average +0.010% · 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−$281as in the Price arb table

costs, in and out, $10k−$2782.777% of the position

Long on gTrade (Gains Network)Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.090%+$9 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.018%, 7d avg +0.010%

Together, before fees+0.134%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.028% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.010%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BNB/USD	786.39	L +0.0007% / S −0.0007%	pay 0.0001% / 1h	55m 01s	$9.5M	—	150x
Short	Nado BNB-PERP	786.25	0.0100	get 0.0012% / 1h	55m 01s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee NadobpOrdersPrice spread, now −0.018%Rate

Funding earned: $19.43
Price spread: −0.018% → +0.010%: −$2.82
Slippage, 4 orders: −$260.69
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$261.08
Costs to cover: 2.777%
Break-even: 101.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
Sell Nado live order book, 4 min ago	0.06 bp	3.6 bp −$4	9.4 bp −$94	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 −0.0192% / S +0.0356%	1h	786.36	−0.004%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.10	+0.090%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.50	+0.141%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0007% / S −0.0007%	1h	786.39	long leg	$9.5M	—	150x
Aster BNBUSDT	+0.0027%	8h	787.45	+0.134%	$6.1M	$19.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.378%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0034%	8h	786.76	+0.047%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	787.90	+0.192%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0049%	8h	787.48	+0.138%	$490.2M	$805.3M	75x	as long as short
Phemex BNBUSDT	+0.0055%	8h	787.08	+0.087%	$68.8M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.72	+0.041%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.21	+0.104%	$579K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	786.98	+0.075%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.91	+0.066%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	+0.034%	$265K	$491K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	786.25	−0.018%	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	787.42	+0.131%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.86	+0.059%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.85	+0.058%	$138.2M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	+0.052%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	+0.039%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.80	+0.052%	$36.1M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.57	+0.023%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.56	+0.021%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.23	+0.106%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.61	+0.028%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.21	+0.104%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.54	+0.146%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.26	−0.017%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.78	+0.049%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.58	+0.150%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.60	+0.026%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.88	+0.061%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.43	+0.005%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.78	+0.049%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	787.10	+0.090%	$122K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0113%	1h	786.94	+0.070%	$159K	$61K	10x	as long as short
SoDEX BNB-USD	+0.0140%	1h	786.80	+0.052%	$387K	$999K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	787.06	+0.085%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0192%	8h	787.74	+0.171%	$2.9M	$29.1M	10x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.233%	$639K	$10K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.15	+0.097%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	787.14	+0.095%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.15	−0.030%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.85	+0.058%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	786.80	+0.052%	$67K	$39K	12x	as long as short