BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.004%

Price spread now: Nado against Injective−0.732%49s7-day average +0.296% · you buy dearer than you sell

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

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+1.104%+$110 · spread now −0.732%, 7d avg +0.296%

Together, before fees+1.110%+ Points / potential airdropNado: Active · farm board+$111 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 1.028% cheaper against Injective than usual: you would sell low and buy high (spread −0.732% now, against its 7-day average of +0.296%). If the spread goes back, that is −$103 on $10k: about 51 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.005% in total) that is about 20 months. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BNB/USDC PERP	805.09	0.0033	pay 0.0004% / 1h	14m 26s	$19K	$789K	30x
Short	Nado BNB-PERP	799.20	0.0100	get 0.0012% / 1h	14m 26s	$1.5M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee NadobpOrdersPrice spread, now −0.732%Rate

Funding earned: $14
Price spread: −0.732% → +0.296%: −$102.81
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$95.83
Costs to cover: 0.070%
Break-even: 54.9 days

Slippage unknown: Injective: no order-book sample; Nado: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	0.06 bp	3.8 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit

Injective: 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 −0.0159% / S +0.0335%	1h	799.62	−0.679%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.20	−0.732%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.75	−0.663%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.67	−0.798%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.64	−0.677%	$864K	$2.9M	30x	as long as short
Gate BNB_USDT	+0.0004%	8h	799.45	−0.701%	$35.9M	$56.9M	75x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.828%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDC	+0.0007%	8h	798.89	−0.770%	—	$13.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.66	−0.674%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0026%	8h	799.88	−0.647%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Bybit BNBUSDT	+0.0044%	8h	799.47	−0.698%	$138.8M	$76.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	−0.748%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0053%	8h	800.07	−0.624%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0074%	8h	800.60	−0.558%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0074%	8h	800.27	−0.599%	$496.9M	$810.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.57	−0.686%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.98	−0.759%	$172K	$36K	10x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	799.20	−0.732%	$1.5M	$2.7M	20x
Pacifica BNB	+0.0100%	1h	799.58	−0.684%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.60	−0.682%	$54.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.60	−0.682%	$53K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.35	−0.713%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.21	−0.730%	$78.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.56	−0.811%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.57	−0.810%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.33	−0.715%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.65	−0.676%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.39	−0.708%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.75	−0.664%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.40	−0.707%	$393K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.63	−0.802%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.99	−0.634%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.07	−0.747%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.33	−0.716%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.905%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.56	−0.687%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.60	−0.682%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	799.65	−0.676%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0195%	1h	799.16	−0.736%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	800.08	−0.622%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0293%	1h	800.30	−0.595%	$53.2M	$20.3M	10x	as long as short
Hibachi BNB/USDT-P	+0.0296%	1h	799.40	−0.706%	$68K	$38K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.75	−0.663%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.21	−0.730%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0428%	1h	800.06	−0.625%	$2.7M	$5.7M	40x	as long as short