BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.020%

Price spread now: Deribit against Nado+0.077%46s7-day average +0.074% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.264% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.077%, 7d avg +0.074%

Together, before fees−0.063%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.018% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	788.45	0.0100	pay 0.0012% / 1h	48m 25s	$1.5M	$2.6M	20x
Short	Deribit BNB_USDC-PERPETUAL	789.06	0.0300	get 0.0037% / 1h	48m 25s	$1.5M	$143K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.077%Rate

Funding earned: $42
Price spread: +0.077% → +0.074%: $0.28
Slippage, 4 orders: −$12.39
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $15.9
Costs to cover: 0.264%
Break-even: 4.4 days

Slippage from Nado: live order book, 5 min ago; Deribit: live order book, 1 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, 5 min ago	0.06 bp	4.7 bp −$5	10.5 bp −$105	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	2.22 bp	10.3 bp −$10	15.7 bp −$157	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 −0.0183% / S +0.0348%	1h	788.66	+0.027%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.25	+0.101%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.66	+0.153%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.41	−0.005%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.110%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	789.14	+0.087%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0056%	8h	788.68	+0.029%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.277%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.14	+0.087%	$492.3M	$789.7M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	789.30	+0.107%	$80.1M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0072%	8h	789.36	+0.115%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.71	+0.033%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.71	+0.033%	$265K	$498K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	788.45	long leg	$1.5M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	789.10	+0.082%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.75	+0.038%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.31	−0.018%	$138.7M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.40	−0.007%	$53.3M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.00	+0.069%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.55	+0.012%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.54	+0.011%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.30	−0.019%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.00	+0.069%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	+0.084%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.321%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.75	+0.165%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.43	−0.003%	$133K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.77	+0.040%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.44	+0.126%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.80	+0.044%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.95	+0.190%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.23	+0.098%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.09	−0.046%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.76	+0.040%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0110%	1h	789.06	+0.077%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.243%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.347%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	789.80	+0.171%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0188%	8h	789.53	+0.137%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.25	+0.101%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.60	+0.019%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.404%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0300%	1h	789.06	+0.077%	$1.5M	$143K	25x
Reya BNBRUSDPERP	+0.0326%	1h	788.10	−0.045%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.11	+0.083%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	789.02	+0.072%	$67K	$38K	12x	as long as short