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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Nado−0.016%7-day average −0.045% · 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−$11as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Long on NadoShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.014%−$1 on $10k
Price spread, last 7 days+0.001%$0 · spread now −0.016%, 7d avg −0.045%
Together, before fees−0.013%+ Points / potential airdropNado: Active · Extended: Active · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.029% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado BNB-PERP803.540.0100pay 0.0012% / 1h32m 09s$1.4M$2.8M20x
ShortExtended BNB-USD803.410.0104get 0.0013% / 1h32m 09s$1.9M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.016% → −0.045%
$2.92
Slippage, 4 orders
−$1.83
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$10.08
Costs to cover
0.138%
Break-even
91.0 days
Slippage from Nado: live order book, 2 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 2 min ago0.06 bp3.9 bp −$47.6 bp −$76doesn't fitdoesn't fit
Sell Extended live order book, 2 min ago0.06 bp2.6 bp −$34.2 bp −$4233.1 bp −$3,315doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h803.75+0.026%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.26+0.089%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90+0.044%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.50+0.119%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.047%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.81+0.033%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.94+0.050%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.115%$4.0M$5.3M—as long as short
BingX BNB-USDC+0.0057%8h803.84+0.037%—$13.3M—as long as short
Bybit BNBUSDT+0.0076%8h803.30−0.030%$139.3M$82.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.081%$609K$878K50xas long as short
Aster BNBUSDT+0.0089%8h804.45+0.113%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.02+0.060%$2.8M$4.2M20xas long as short
Nado BNB-PERPlong+0.0100%1h803.54long leg$1.4M$2.8M20x
Pacifica BNB+0.0100%1h804.06+0.064%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.60+0.007%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.10+0.069%$52K$164K10xas long as short
Gate BNB_USDT+0.0100%8h803.60+0.007%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.59+0.006%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.45−0.012%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.01+0.059%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.17+0.078%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.68+0.017%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.85+0.038%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.97+0.053%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.51+0.120%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.84+0.037%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.58+0.129%$79K$19K50xas long as short
Extended BNB-USDshort+0.0104%1h803.41−0.016%$1.9M$6.1M50x
Aevo BNB-PERP+0.0104%1h804.01+0.058%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h804.70+0.144%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.39+0.105%$518.8M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.34+0.099%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93+0.048%$173K$35K10xas long as short
Hyperliquid BNB+0.0156%1h804.50+0.119%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0160%1h803.80+0.032%$395K$1.0M10xas long as short
Bulk BNB-USD+0.0194%1h803.61+0.008%$649K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.31+0.096%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.18+0.079%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.46+0.114%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.98+0.054%$71K$48K12xas long as short
dYdX BNB-USD+0.0268%1h804.28+0.092%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h804.69+0.143%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.52−0.003%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.171%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0666%1h804.74+0.149%$3.0M$5.4M40xas long as short