Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX−0.052%7-day average −0.017% · 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−$30as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.052%, 7d avg −0.017%

Together, before fees+0.075%+ Points / potential airdropNado: Active · farm board+$8 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 0.035% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	794.16	0.0100	pay 0.0100% / 8h	6h 29m	$8.1M	$8.8M	75x
Short	Nado BNB-PERP	793.75	0.0100	get 0.0012% / 1h	29m 39s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.017%: −$3.5
Slippage, 4 orders: −$7.99
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.48
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from HTX: 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 HTX live order book, 4 min ago	1.17 bp	7.2 bp −$7	10.2 bp −$102	45.0 bp −$4,500	doesn't fit
Sell Nado live order book, 4 min ago	0.06 bp	3.6 bp −$4	7.2 bp −$72	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	794.30	+0.017%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.59	+0.053%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.51	+0.044%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	794.76	+0.075%	$859K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.33	+0.021%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.105%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.376%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	795.39	+0.155%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0040%	8h	794.70	+0.068%	$35.4M	$55.9M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.090%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0048%	8h	794.77	+0.076%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	794.89	+0.092%	$69.5M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.377%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.70	+0.194%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	795.38	+0.153%	$494.8M	$811.2M	75x	as long as short
dYdX BNB-USD	+0.0064%	1h	794.66	+0.063%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	793.37	−0.100%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.05	+0.112%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.44	+0.035%	$384K	$409K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	793.75	−0.052%	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	795.38	+0.153%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.12	+0.120%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.70	+0.068%	$138.6M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.40	+0.030%	$53.3M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.90	+0.093%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.66	+0.063%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.56	+0.050%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.24	+0.010%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.07	−0.012%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.34	+0.022%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.58	+0.052%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.00	−0.021%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.70	+0.068%	$391K	$995K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	794.16	long leg	$8.1M	$8.8M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	795.18	+0.128%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.38	+0.028%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.58	+0.052%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.90	+0.093%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	795.20	+0.131%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.197%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.32	+0.146%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.11	−0.007%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	795.45	+0.162%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	795.00	+0.106%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.41	+0.031%	$68K	$38K	12x	as long as short