Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Nado against Lighter−0.078%7-day average −0.013% · 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−$18as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.078%, 7d avg −0.013%
=Together, before fees+0.119%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$12 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 0.065% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 787.21 | 0.0096 | pay 0.0012% / 1h | 56m 03s | $2.7M | $3.8M | 20x |
| Short | Nado BNB-PERP | 786.60 | 0.0100 | get 0.0012% / 1h | 56m 03s | $1.4M | $2.7M | 20x |
Lighter BNB
Nado BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.078% → −0.013%
- −$6.45
- Slippage, 4 orders
- −$4.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$17.2
- Costs to cover
- 0.116%
- Break-even
- 150.4 days
Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 3 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 Lighter live order book, 6 min ago | 0.75 bp | 0.8 bp −$1 | 3.5 bp −$35 | 13.7 bp −$1,374 | 65.4 bp −$32.7K |
| Sell Nado live order book, 3 min ago | 0.06 bp | 3.6 bp −$4 | 9.4 bp −$94 | 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 | 786.63 | −0.074% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.27 | −0.119% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.79 | +0.074% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.76 | −0.057% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0027% | 8h | 787.64 | +0.055% | $6.1M | $19.1M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.271% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0034% | 8h | 787.18 | −0.004% | — | $22.3M | — | as long as short |
| MEXC BNB_USDT | +0.0047% | 8h | 787.90 | +0.088% | $79.8M | $11.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0048% | 8h | 787.67 | +0.058% | $490.3M | $805.3M | 75x | as long as short |
| Phemex BNBUSDT | +0.0052% | 8h | 787.67 | +0.058% | $68.9M | $50.7M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 786.80 | −0.052% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.21 | 0.000% | $579K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 786.98 | −0.029% | $169K | $35K | 10x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 787.21 | long leg | $2.7M | $3.8M | 20x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.86 | −0.045% | $265K | $491K | 50x | as long as short |
| Nado BNB-PERPshort | +0.0100% | 1h | 786.60 | −0.078% | $1.4M | $2.7M | 20x | |
| Hyperliquid BNB | +0.0100% | 1h | 787.58 | +0.047% | $51.6M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.83 | −0.049% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.90 | −0.039% | $138.2M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.00 | −0.027% | $53.4M | $111.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.80 | −0.052% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.95 | −0.033% | $36.1M | $57.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.79 | −0.053% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.84 | −0.047% | $76.2M | $30.7M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.36 | +0.019% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.61 | −0.076% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.50 | +0.037% | $4.1M | $74.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.95 | +0.094% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.50 | −0.090% | $131K | $956K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.96 | −0.032% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.48 | +0.035% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.81 | −0.051% | $8.1M | $9.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.88 | −0.041% | $76K | $17K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0104% | 8h | 787.60 | +0.049% | $122K | $2.7M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.68 | −0.067% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.97 | −0.030% | $378K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0151% | 1h | 786.94 | −0.034% | $159K | $61K | 10x | as long as short |
| SoDEX BNB-USD | +0.0164% | 1h | 786.90 | −0.039% | $387K | $999K | 10x | as long as short |
| BloFin BNB-USDT | +0.0167% | 8h | 787.55 | +0.043% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0188% | 8h | 787.83 | +0.079% | $2.9M | $28.9M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.30 | +0.011% | $1.5M | $143K | 25x | as long as short |
| Bulk BNB-USD | +0.0223% | 1h | 788.23 | +0.129% | $639K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 787.31 | +0.013% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 786.45 | −0.096% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 786.90 | −0.039% | $1.1M | $908K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0440% | 1h | 787.31 | +0.012% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Phoenix BNB
Orderly PERP_BNB_USDC
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
SoDEX BNB-USD
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P