Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Arcus against Nado+0.038%7-day average +0.111% · 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−$31as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.038%, 7d avg +0.111%

Together, before fees+0.038%+ Points / potential airdropNado: Active · farm board+$4 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: Arcus is 0.072% cheaper against Nado than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	786.10	0.0100	pay 0.0012% / 1h	21m 30s	$1.4M	$2.7M	20x
Short	Arcus BNB-USD	786.40	0.0100	get 0.0013% / 1h	21m 30s	$52K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.111%: −$7.24
Slippage, 4 orders: −$12.58
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$31.32
Costs to cover: 0.241%
Break-even: 3217922071799807.5 days

Slippage from Nado: live order book, 2 min ago; Arcus: live order book, 26 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 Nado live order book, 2 min ago	0.06 bp	3.6 bp −$4	7.9 bp −$79	doesn't fit	doesn't fit
Sell Arcus live order book, 26 min ago	3.17 bp	8.8 bp −$9	21.5 bp −$215	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	785.14	−0.123%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.62	+0.066%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.09	−0.001%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.23	−0.111%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.416%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	786.83	+0.093%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0042%	8h	786.36	+0.033%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	786.36	+0.033%	$68.8M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0057%	8h	787.10	+0.127%	$80.4M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	786.89	+0.100%	$490.3M	$811.7M	75x	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_BNBUSD	+0.0069%	1h	785.80	−0.039%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.188%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.30	+0.026%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.57	−0.067%	$264K	$489K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	786.10	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	786.76	+0.084%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.49	+0.050%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.20	+0.013%	$138.1M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.10	0.000%	$53.4M	$112.5M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	786.40	+0.038%	$52K	$129K	10x
Gate BNB_USDT	+0.0100%	8h	786.20	+0.013%	$36.6M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.88	−0.028%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.87	−0.029%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.28	+0.023%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.303%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.00	−0.140%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.114%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.08	−0.003%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.93	−0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.03	−0.009%	$13K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.09	−0.128%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.55	+0.057%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.93	−0.022%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.75	−0.045%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	+0.029%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0112%	1h	785.90	−0.025%	$386K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0149%	8h	785.40	−0.089%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0165%	1h	785.66	−0.056%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	785.15	−0.121%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.118%	$2.9M	$29.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.18	+0.010%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	786.95	+0.108%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.95	−0.019%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.090%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.50	+0.051%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	785.22	−0.113%	$67K	$39K	12x	as long as short