Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Nado−0.041%7-day average −0.036% · 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−$22as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.041%, 7d avg −0.036%

Together, before fees−0.012%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	784.70	0.0100	pay 0.0012% / 1h	41m 33s	$1.4M	$2.7M	20x
Short	Bitget BNBUSDT	784.38	0.0100	get 0.0100% / 8h	2h 41m	$75.9M	$30.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.036%: −$0.53
Slippage, 4 orders: −$2.4
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.92
Costs to cover: 0.214%
Break-even: 2252286628151255.5 days

Slippage from Nado: live order book, 2 min ago; Bitget: 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 Nado live order book, 2 min ago	0.06 bp	3.6 bp −$4	9.0 bp −$90	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.06 bp	7.1 bp −$7	9.6 bp −$96	19.2 bp −$1,918	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	784.63	−0.009%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.77	+0.136%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.08	+0.176%	$848K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.70	−0.001%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	785.37	+0.085%	$6.1M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.598%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0039%	8h	785.05	+0.045%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0051%	8h	785.60	+0.115%	$79.6M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0052%	8h	785.39	+0.088%	$489.2M	$805.1M	75x	as long as short
Phemex BNBUSDT	+0.0053%	8h	785.87	+0.149%	$68.8M	$50.6M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0058%	1h	785.04	+0.044%	$159K	$61K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.23	+0.067%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.352%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.24	+0.069%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.52	+0.104%	$264K	$489K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	784.70	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	785.34	+0.082%	$51.5M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.17	+0.060%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.80	+0.013%	$137.7M	$74.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	0.000%	$53.3M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	+0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.80	+0.013%	$36.1M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.58	−0.015%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	784.38	−0.041%	$75.9M	$30.7M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	785.82	+0.143%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.41	+0.218%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.49	+0.228%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.30	+0.204%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.65	−0.006%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.67	+0.123%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.73	+0.131%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.50	+0.102%	$386K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.28	+0.074%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.27	+0.073%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.50	−0.026%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.44	+0.095%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.15	+0.312%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0135%	8h	786.20	+0.191%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0172%	8h	786.34	+0.209%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.84	+0.145%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0202%	8h	787.62	+0.373%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.195%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.40	+0.089%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.51	−0.024%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.23	+0.068%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.71	+0.129%	$67K	$39K	12x	as long as short