Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Nado−0.020%7-day average −0.008% · 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−$31as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.020%, 7d avg −0.008%

Together, before fees−0.009%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	793.75	0.0100	pay 0.0012% / 1h	20m 32s	$1.4M	$2.7M	20x
Short	KuCoin BNBUSDTM	793.59	0.0100	get 0.0100% / 8h	6h 20m	$27.7M	$10.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.008%: −$1.25
Slippage, 4 orders: −$10.54
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.78
Costs to cover: 0.295%
Break-even: 3162755465913856.5 days

Slippage from Nado: live order book, 3 min ago; KuCoin: live order book, 3 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, 3 min ago	0.06 bp	3.9 bp −$4	8.2 bp −$82	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.44 bp	11.1 bp −$11	16.1 bp −$161	45.5 bp −$4,546	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	794.28	+0.066%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	794.11	+0.046%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.69	+0.118%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.71	+0.247%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.31	+0.071%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.429%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	794.24	+0.062%	$6.1M	$19.7M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.044%	$4.1M	$4.9M	—	as long as short
BingX BNB-USDC	+0.0050%	8h	794.71	+0.121%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	794.76	+0.127%	$69.5M	$50.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0052%	8h	793.65	−0.013%	$35.3M	$56.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.224%	$610K	$1.1M	50x	as long as short
Binance BNBUSDT	+0.0062%	8h	794.14	+0.049%	$494.0M	$809.9M	75x	as long as short
MEXC BNB_USDT	+0.0063%	8h	794.40	+0.082%	$82.5M	$12.8M	200x	as long as short
GRVT BNB_USDT_Perp	+0.0070%	8h	795.62	+0.236%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0077%	1h	793.86	+0.014%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.99	+0.156%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.93	+0.023%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.15	+0.050%	$384K	$409K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	793.75	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	794.16	+0.052%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.04	+0.036%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.60	−0.019%	$138.7M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.40	−0.044%	$53.2M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.90	+0.019%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	793.59	−0.020%	$27.7M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	793.33	−0.053%	$77.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.49	+0.219%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.56	+0.228%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.54	−0.026%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.38	+0.080%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.79	+0.131%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.30	+0.069%	$390K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.28	+0.066%	$8.2M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	794.35	+0.075%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.34	−0.052%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.26	+0.065%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.98	+0.029%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	794.90	+0.145%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.274%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	794.17	+0.053%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	794.69	+0.118%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.30	−0.057%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	794.91	+0.146%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	794.78	+0.130%	$68K	$38K	12x	as long as short