Funding you earn now, next payment 00:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.056%
Price spread now: Bulk against Nado−0.101%7-day average +0.113% · 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−$38as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Funding, last 3 days (all we have)+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.101%, 7d avg +0.113%
=Together, before fees+0.372%+ Points / potential airdropNado: Active · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.214% cheaper against Nado than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.113%). If the spread goes back, that is −$21 on $10k: about 3.8 days of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BNB-PERP | 801.96 | 0.0100 | pay 0.0012% / 1h | 58m 01s | $1.4M | $2.7M | 20x |
| Short | Bulk BNB-USD | 801.15 | 0.0289 | get 0.0036% / 1h | 58m 01s | $651K | $20K | 10x |
Nado BNB-PERP
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Nado. 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
- $39.74
- Price spread: −0.101% → +0.113%
- −$21.38
- Slippage, 4 orders
- −$2.62
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $1.73
- Costs to cover
- 0.166%
- Break-even
- 6.7 days
Slippage from Nado: live order book, 1 min ago; Bulk: live order book, 21 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, 1 min ago | 0.06 bp | 5.2 bp −$5 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 21 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 6.2 bp −$620 | 16.1 bp −$8,052 |
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 −0.0201% / S +0.0372% | 1h | 801.85 | −0.014% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.08 | +0.015% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 801.59 | −0.047% | $2.6M | $969K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.99 | −0.121% | $3.0M | $28.4M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 802.01 | +0.006% | $867K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.90 | −0.007% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0031% | 8h | 800.04 | −0.239% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 801.90 | −0.008% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0066% | 8h | 801.55 | −0.051% | $139.3M | $78.6M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 800.72 | −0.155% | $607K | $998K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 802.13 | +0.020% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERPlong | +0.0100% | 1h | 801.96 | long leg | $1.4M | $2.7M | 20x | |
| Pacifica BNB | +0.0100% | 1h | 802.00 | +0.004% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 801.60 | −0.045% | $54.8M | $113.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.50 | +0.067% | $53K | $134K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 801.60 | −0.045% | $35.8M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 801.71 | −0.031% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 801.55 | −0.051% | $79.7M | $27.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 800.55 | −0.176% | $4.2M | $77.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.56 | −0.175% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.24 | +0.035% | $119K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 801.93 | −0.004% | $388K | $489K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 802.07 | +0.014% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 802.22 | +0.032% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 801.95 | −0.002% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.56 | +0.075% | $78K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0100% | 8h | 802.43 | +0.058% | $6.4M | $19.0M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 801.44 | −0.066% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 802.18 | +0.028% | $385K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0114% | 8h | 802.39 | +0.053% | $70.2M | $51.1M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0117% | 8h | 802.40 | +0.055% | $109K | $2.9M | 4.8x | as long as short |
| MEXC BNB_USDT | +0.0120% | 8h | 802.90 | +0.117% | $83.4M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0121% | 8h | 802.50 | +0.067% | $502.2M | $819.4M | 75x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 800.77 | −0.149% | $172K | $34K | 10x | as long as short |
| BloFin BNB-USDT | +0.0241% | 8h | 801.83 | −0.017% | $18.2M | $2.5M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 801.14 | −0.103% | $71K | $48K | 12x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 802.33 | +0.046% | $1.1M | $1.4M | 20x | as long as short |
| SoDEX BNB-USD | +0.0287% | 1h | 801.90 | −0.008% | $394K | $1.0M | 10x | as long as short |
| Bulk BNB-USDshort | +0.0289% | 1h | 801.15 | −0.101% | $651K | $20K | 10x | |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 802.36 | +0.049% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.390% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 801.83 | −0.017% | $6K | $3K | 40x | as long as short |
| Hyperliquid BNB | +0.0347% | 1h | 802.61 | +0.081% | $51.9M | $21.6M | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0431% | 1h | 802.42 | +0.057% | $2.7M | $5.7M | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0432% | 1h | 803.13 | +0.146% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0465% | 1h | 801.56 | −0.051% | $162K | $62K | 10x | as long as short |
Lighter BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
BloFin BNB-USDT
Hibachi BNB/USDT-P
RISEx BNB/USDC
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
Reya BNBRUSDPERP
Hyperliquid BNB
Backpack BNB_USDC_PERP
01 Exchange BNBUSD
dYdX BNB-USD