Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.013%

Price spread now: BingX against Nado+0.005%7-day average −0.001% · 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−$21as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.005%, 7d avg −0.001%

Together, before fees−0.014%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	788.95	0.0100	pay 0.0012% / 1h	1m 24s	$1.5M	$2.5M	20x
Short	BingX BNB-USDC	788.99	0.0047	get 0.0047% / 8h	4h 01m	—	$13.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$11.13
Price spread: +0.005% → −0.001%: $0.57
Slippage, 4 orders: −$4.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$32.16
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; BingX: live order book, 2 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	7.4 bp −$74	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	0.32 bp	7.1 bp −$7	11.4 bp −$114	25.6 bp −$2,560	72.3 bp −$36.2K

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 −0.0190% / S +0.0354%	1h	789.29	+0.043%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.39	+0.056%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.011%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.39	+0.055%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.046%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.86	+0.115%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDCshort	+0.0047%	8h	788.99	+0.005%	—	$13.4M	—
MEXC BNB_USDT	+0.0057%	8h	790.50	+0.196%	$80.2M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	790.09	+0.145%	$493.1M	$791.2M	75x	as long as short
Phemex BNBUSDT	+0.0060%	8h	789.60	+0.082%	$69.0M	$50.3M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	788.26	−0.087%	$579K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.42	+0.060%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.10	+0.019%	$265K	$492K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	788.95	long leg	$1.5M	$2.5M	20x
Hyperliquid BNB	+0.0100%	1h	790.05	+0.139%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.58	+0.080%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.31	+0.046%	$138.9M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.40	+0.057%	$53.5M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.40	+0.057%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.40	+0.057%	$35.5M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.33	+0.048%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.21	+0.033%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.46	+0.065%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.157%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.18	+0.029%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	+0.047%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.36	+0.052%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.14	+0.024%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.29	+0.044%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	+0.032%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.60	−0.044%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.68	+0.093%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.08	+0.016%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.04	+0.011%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.25	+0.038%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.25	+0.038%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0157%	8h	789.58	+0.080%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.30	+0.044%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	789.48	+0.067%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.048%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.09	+0.144%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.96	+0.002%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.50	+0.070%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.15	+0.026%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	789.07	+0.015%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.75	+0.101%	$1.1M	$903K	20x	as long as short