BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.054%

Price spread now: Nado against Hotstuff−0.056%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.056% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	787.79	−0.0080	get 0.0010% / 1h	11m 34s	$4K	$42	25x
Short	Nado BNB-PERP	787.35	0.0100	get 0.0012% / 1h	11m 34s	$1.5M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hotstuff. 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 HotstuffbpFee NadobpOrdersPrice spread, now −0.056%Rate

Funding earned: $37.8
Price spread: −0.056% → 0.000%: −$5.59
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $20.21
Costs to cover: 0.120%
Break-even: 3.3 days

Slippage unknown: Hotstuff: no order-book sample; Nado: live order book, 2 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Nado live order book, 2 min ago	0.06 bp	5.1 bp −$5	11.6 bp −$116	doesn't fit	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	786.96	−0.105%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.18	−0.077%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	787.79	long leg	$4K	$42	25x
Kalshi KXBNBPERP	0.0000%	8h	788.10	+0.039%	$124K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.16	+0.047%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.09	−0.089%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	787.98	+0.024%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	787.60	−0.024%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.196%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0039%	8h	787.70	−0.011%	$68.9M	$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
MEXC BNB_USDT	+0.0041%	8h	788.50	+0.090%	$79.9M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0041%	8h	787.87	+0.010%	$491.0M	$802.5M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.027%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0079%	1h	787.24	−0.069%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.74	−0.006%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.65	−0.017%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.19	−0.076%	$265K	$492K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	787.35	−0.056%	$1.5M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	788.06	+0.034%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.79	0.000%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.20	−0.075%	$138.4M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.088%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.024%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.35	−0.056%	$36.1M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.15	−0.081%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.98	−0.103%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.79	0.000%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.31	−0.061%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	−0.005%	$4.1M	$74.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.52	−0.034%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.14	−0.083%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.25	−0.069%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.80	+0.001%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	−0.050%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.36	−0.054%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.79	−0.001%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.12	−0.085%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.25	−0.069%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.91	+0.015%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0178%	8h	787.99	+0.026%	$2.9M	$28.7M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.63	−0.020%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.011%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.93	+0.018%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.00	−0.100%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.58	−0.026%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.77	−0.002%	$1.1M	$894K	20x	as long as short