BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against Nado−0.157%45s7-day average +0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.247% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.157%, 7d avg +0.016%

Together, before fees+0.036%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.173% cheaper against Nado than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	789.50	0.0100	pay 0.0012% / 1h	0m 20s	$1.5M	$2.5M	20x
Short	Coinbase International BNB-PERP-INTX	788.26	0.0064	get 0.0008% / 1h	0m 20s	$579K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$7.56
Price spread: −0.157% → +0.016%: −$17.28
Slippage, 4 orders: −$7.73
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$49.57
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Coinbase International: 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, 4 min ago	0.06 bp	3.6 bp −$4	7.4 bp −$74	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.54 bp	9.1 bp −$9	16.6 bp −$166	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 −0.0190% / S +0.0354%	1h	789.26	−0.030%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.39	−0.014%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.058%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.32	−0.023%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.975%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	790.25	+0.095%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0046%	8h	789.54	+0.005%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	790.30	+0.101%	$80.1M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0058%	8h	790.08	+0.073%	$69.1M	$50.3M	50x	as long as short
Binance BNBUSDT	+0.0058%	8h	789.93	+0.054%	$493.2M	$791.6M	75x	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-INTXshort	+0.0064%	1h	788.26	−0.157%	$579K	$1.9M	50x
Lighter BNB	+0.0096%	1h	789.81	+0.040%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.30	−0.025%	$265K	$492K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	789.50	long leg	$1.5M	$2.5M	20x
Hyperliquid BNB	+0.0100%	1h	789.98	+0.061%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.80	+0.038%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	−0.038%	$138.9M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.038%	$53.4M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	+0.013%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.35	−0.019%	$35.5M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.25	−0.032%	$28.1M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.03	−0.060%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.00	+0.063%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.049%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.18	−0.041%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	−0.023%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.35	−0.019%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.34	−0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.07	+0.073%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	0.000%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.25	−0.032%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	790.01	+0.065%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.33	−0.021%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.28	−0.028%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.25	−0.032%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.25	−0.032%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0157%	8h	789.58	+0.011%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.80	+0.038%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	790.06	+0.071%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.118%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.21	+0.090%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.41	−0.011%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.88	+0.049%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.25	−0.031%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	789.68	+0.022%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.92	+0.053%	$1.1M	$903K	20x	as long as short