Funding you earn now, next payment 08:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h −0.030%
Price spread now: GRVT against Nado+0.149%7-day average +0.104% · 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−$13as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Funding, last 4 days (all we have)−0.041%−$4 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now +0.149%, 7d avg +0.104%
=Together, before fees−0.088%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.045% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BNB-PERP | 786.45 | 0.0100 | pay 0.0012% / 1h | 42m 56s | $1.4M | $2.7M | 20x |
| Short | GRVT BNB_USDT_Perp | 787.62 | 0.0225 | get 0.0225% / 8h | 42m 56s | $2.9M | $28.7M | 10x |
Nado BNB-PERP
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $26.25
- Price spread: +0.149% → +0.104%
- $4.5
- Slippage, 4 orders
- −$1.29
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $13.46
- Costs to cover
- 0.173%
- Break-even
- 3.4 days
Slippage from Nado: live order book, 1 min ago; GRVT: live order book, 6 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 | 4.1 bp −$4 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 6 min ago | 0.06 bp | 4.6 bp −$5 | 6.7 bp −$67 | 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 −0.0168% / S +0.0337% | 1h | 786.45 | 0.000% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.19 | +0.094% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 786.43 | −0.002% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.64 | +0.151% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.51 | +0.008% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.370% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0045% | 8h | 786.52 | +0.009% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 786.69 | +0.031% | $6.0M | $18.9M | 200x | as long as short |
| dYdX BNB-USD | +0.0049% | 1h | 786.54 | +0.012% | $159K | $62K | 10x | as long as short |
| MEXC BNB_USDT | +0.0055% | 8h | 787.40 | +0.121% | $81.1M | $11.9M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDC
Aster BNBUSDT
dYdX BNB-USD
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0055% | 8h | 786.55 | +0.012% | $488.7M | $821.3M | 75x | as long as short |
| Phemex BNBUSDT | +0.0077% | 8h | 787.01 | +0.071% | $68.8M | $51.3M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.59 | +0.018% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 787.73 | +0.163% | $169K | $35K | 10x | as long as short |
| Nado BNB-PERPlong | +0.0100% | 1h | 786.45 | long leg | $1.4M | $2.7M | 20x | |
| Hyperliquid BNB | +0.0100% | 1h | 787.04 | +0.075% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.88 | +0.055% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.90 | −0.070% | $138.2M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.80 | −0.083% | $53.5M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.90 | +0.057% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.05 | −0.051% | $38.2M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.03 | −0.053% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.72 | −0.093% | $76.3M | $31.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.80 | +0.045% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.00 | +0.069% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.76 | +0.166% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.25 | +0.102% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.43 | −0.003% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.48 | +0.004% | $265K | $430K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.62 | +0.022% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.11 | +0.083% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.60 | +0.019% | $387K | $974K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 786.84 | +0.049% | $1.5M | $145K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.86 | +0.053% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.19 | +0.094% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.89 | −0.071% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.45 | 0.000% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 787.21 | +0.097% | $557K | $1.9M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0114% | 8h | 787.10 | +0.083% | $171K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0175% | 8h | 787.18 | +0.093% | $17.7M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0210% | 1h | 786.98 | +0.067% | $638K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perpshort | +0.0225% | 8h | 787.62 | +0.149% | $2.9M | $28.7M | 10x | |
| 01 Exchange BNBUSD | +0.0264% | 1h | 787.10 | +0.083% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 786.35 | −0.013% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 786.90 | +0.058% | $1.1M | $907K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0456% | 1h | 787.14 | +0.088% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Lighter BNB
Phoenix BNB
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Kalshi KXBNBPERP
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P