BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.058%

Price spread now: Hyperliquid against Nado+0.015%7-day average +0.028% · 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−$20as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.056%+$6 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.015%, 7d avg +0.028%

Together, before fees+0.020%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	805.35	0.0100	pay 0.0012% / 1h	12m 49s	$1.4M	$2.8M	20x
Short	Hyperliquid BNB	805.47	0.0214	get 0.0027% / 1h	12m 49s	$51.9M	$21.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.015%Rate

Funding earned: $23.91
Price spread: +0.015% → +0.028%: −$1.31
Slippage, 4 orders: −$2.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $4.27
Costs to cover: 0.183%
Break-even: 5.8 days

Slippage from Nado: live order book, 1 min ago; Hyperliquid: live order book, 11 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	3.6 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.06 bp	5.1 bp −$5	5.2 bp −$52	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 −0.0195% / S +0.0371%	1h	804.84	−0.064%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.58	+0.153%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.11	+0.219%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.40	+0.006%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.10	+0.093%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.85	−0.062%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.10	−0.031%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	+0.045%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0054%	8h	804.88	−0.058%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	804.50	−0.106%	$139.6M	$81.8M	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-INTX	+0.0088%	1h	805.15	−0.025%	$608K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	805.01	−0.042%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0097%	8h	805.40	+0.006%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	805.35	long leg	$1.4M	$2.8M	20x
Pacifica BNB	+0.0100%	1h	805.04	−0.038%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.60	−0.093%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.093%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.70	−0.081%	$36.1M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.81	−0.067%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.33	−0.127%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.179%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.125%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.13	−0.027%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.91	−0.055%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.11	−0.029%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.69	+0.042%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.32	−0.004%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.39	+0.005%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.31	+0.119%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.53	−0.102%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.06	−0.036%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	805.70	+0.043%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0114%	8h	805.42	+0.009%	$520.6M	$806.7M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.191%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0131%	8h	805.52	+0.021%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0194%	1h	804.90	−0.056%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.89	+0.067%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNBshort	+0.0214%	1h	805.47	+0.015%	$51.9M	$21.9M	10x
Bulk BNB-USD	+0.0217%	1h	806.94	+0.198%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.62	+0.034%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0238%	1h	804.86	−0.061%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.29	+0.117%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.70	−0.081%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.38	+0.128%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.057%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.95	+0.075%	$3.0M	$5.5M	40x	as long as short