Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against KuCoin+0.022%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.022%, 7d avg +0.007%

Together, before fees−0.035%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	786.78	0.0100	pay 0.0100% / 8h	7h 47m	$27.7M	$10.2M	75x
Short	Nado BNB-PERP	786.95	0.0100	get 0.0012% / 1h	47m 45s	$1.4M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.007%: $1.47
Slippage, 4 orders: −$8.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.78
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	0.45 bp	13.0 bp −$13	19.9 bp −$199	54.3 bp −$5,428	doesn't fit
Sell Nado live order book, 1 min ago	0.06 bp	3.6 bp −$4	7.4 bp −$74	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 −0.0168% / S +0.0337%	1h	787.27	+0.063%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.34	+0.071%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.15	+0.047%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.65	−0.017%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.82	+0.132%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.29	+0.064%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	787.69	+0.116%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.327%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0036%	8h	787.36	+0.074%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.70	+0.244%	$82.0M	$12.1M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0044%	8h	787.60	+0.104%	$490.0M	$812.4M	75x	as long as short
dYdX BNB-USD	+0.0073%	1h	787.07	+0.036%	$158K	$63K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.35	+0.072%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	786.95	+0.022%	$1.4M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	787.66	+0.112%	$51.7M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.39	+0.077%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.00	+0.028%	$138.6M	$73.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	+0.015%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.30	+0.066%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.15	+0.047%	$39.2M	$55.4M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	786.78	long leg	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	786.77	−0.001%	$75.5M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.32	+0.069%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.62	−0.020%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.52	−0.033%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.37	−0.052%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.40	+0.079%	$132K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.36	+0.074%	$265K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.23	+0.057%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.62	+0.107%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	+0.079%	$387K	$950K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.52	+0.094%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.66	+0.112%	$78K	$17K	50x	as long as short
Phemex BNBUSDT	+0.0101%	8h	787.93	+0.146%	$68.7M	$51.1M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.75	−0.003%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.23	+0.057%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	787.70	+0.117%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	−0.024%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	786.53	−0.032%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0165%	8h	787.72	+0.119%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.71	+0.119%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	+0.114%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.88	+0.140%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	787.06	+0.035%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.42	+0.081%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.16	+0.048%	$67K	$39K	12x	as long as short