BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.004%

Price spread now: Injective against Nado+0.825%7-day average −0.296% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−1.198%−$120 · spread now +0.825%, 7d avg −0.296%

Together, before fees−1.203%+ Points / potential airdropNado: Active · farm board−$120 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.122% dearer against Nado than usual: you sell high and buy low (spread +0.825% now, against its 7-day average of −0.296%): +$112 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 56 days. At the pace of the last 3 days (−0.005% in total) that is about 22 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	798.50	0.0100	pay 0.0012% / 1h	14m 51s	$1.5M	$2.7M	20x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	14m 51s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.825%Rate

Funding earned: −$14
Price spread: +0.825% → −0.296%: $112.18
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $91.16
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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	4.5 bp −$4	9.9 bp −$99	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0159% / S +0.0335%	1h	799.22	+0.090%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.20	+0.087%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.55	+0.131%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0002%	8h	799.05	+0.069%	$35.9M	$56.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.67	+0.021%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.64	+0.143%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.009%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDT	+0.0007%	8h	799.48	+0.123%	—	$35.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.28	+0.098%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0026%	8h	799.88	+0.173%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+0.825%	$19K	$789K	30x
Bybit BNBUSDT	+0.0037%	8h	799.15	+0.081%	$138.8M	$76.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.071%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	799.85	+0.169%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0074%	8h	800.20	+0.213%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	799.96	+0.182%	$496.7M	$811.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.57	+0.134%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.98	+0.060%	$172K	$36K	10x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	798.50	long leg	$1.5M	$2.7M	20x
Pacifica BNB	+0.0100%	1h	799.21	+0.088%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.20	+0.088%	$54.2M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.20	+0.088%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.15	+0.081%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.04	+0.068%	$78.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.56	+0.008%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.57	+0.009%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.11	+0.076%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.26	+0.095%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.39	+0.112%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.75	+0.156%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.40	+0.113%	$393K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.63	+0.017%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.81	+0.165%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.87	+0.047%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.33	+0.104%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.088%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.17	+0.084%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.60	+0.138%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	799.65	+0.144%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0196%	1h	798.51	+0.001%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.33	+0.104%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0288%	1h	798.98	+0.060%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0293%	1h	800.17	+0.209%	$53.2M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.75	+0.156%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.81	+0.039%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0428%	1h	800.06	+0.195%	$2.7M	$5.7M	40x	as long as short