BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.002%

Price spread now: Nado against Kraken Futures−0.045%7-day average −0.022% · 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−$34as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.045%, 7d avg −0.022%

Together, before fees+0.066%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.022%). If the spread goes back, that is −$2 on $10k: about 2.4 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.009% in total) that is about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	787.50	0.0069	pay 0.0009% / 1h	53m 14s	$2.5M	$1.2M	50x
Short	Nado BNB-PERP	787.15	0.0100	get 0.0012% / 1h	53m 14s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kraken Futures. 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 Kraken FuturesbpFee NadobpOrdersPrice spread, now −0.045%Rate

Funding earned: $6.5
Price spread: −0.045% → −0.022%: −$2.24
Slippage, 4 orders: −$14.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$27.4
Costs to cover: 0.317%
Break-even: 36.5 days

Slippage from Kraken Futures: live order book, 5 min ago; Nado: live order book, 1 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 Kraken Futures live order book, 5 min ago	4.45 bp	12.7 bp −$13	17.1 bp −$171	37.7 bp −$3,769	101.8 bp −$50.9K
Sell Nado live order book, 1 min ago	0.06 bp	3.6 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 −0.0192% / S +0.0356%	1h	787.36	−0.018%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.69	+0.024%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.57	+0.009%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.39	−0.015%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	788.12	+0.078%	$6.1M	$19.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.233%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0037%	8h	787.64	+0.017%	—	$22.2M	—	as long as short
MEXC BNB_USDT	+0.0049%	8h	788.40	+0.114%	$79.9M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0050%	8h	788.20	+0.089%	$490.7M	$805.5M	75x	as long as short
Phemex BNBUSDT	+0.0055%	8h	788.04	+0.068%	$69.0M	$50.8M	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_BNBUSDlong	+0.0069%	1h	787.50	long leg	$2.5M	$1.2M	50x
dYdX BNB-USD	+0.0076%	1h	787.06	−0.056%	$159K	$61K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	−0.005%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.72	+0.028%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.40	−0.013%	$265K	$491K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	787.15	−0.045%	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	787.92	+0.053%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.56	+0.008%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.38	−0.016%	$138.3M	$74.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.013%	$53.4M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	0.000%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.007%	$36.2M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.06	−0.056%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.21	−0.037%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.26	−0.031%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.61	−0.113%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.04	−0.058%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.54	+0.005%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.34	−0.021%	$132K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.59	+0.011%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.57	+0.009%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.14	−0.046%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.59	+0.011%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.24	−0.034%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.58	+0.009%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.41	−0.012%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	787.50	0.000%	$122K	$2.7M	4.8x	as long as short
SoDEX BNB-USD	+0.0157%	1h	787.60	+0.012%	$387K	$997K	10x	as long as short
BloFin BNB-USDT	+0.0170%	8h	788.00	+0.063%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0192%	8h	787.74	+0.030%	$2.9M	$29.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.96	+0.058%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.092%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	788.00	+0.063%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.25	−0.032%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	787.56	+0.008%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	787.10	−0.051%	$67K	$39K	12x	as long as short