Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0227%/8h= +24.9% APRnext payment +$0.28 per $10,000 · paid last 24h +0.067%
Price spread now: Reya against Nado−0.020%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · Reya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado BNB-PERP790.150.0100pay 0.0012% / 1h32m 25s$1.5M$2.6M20x
ShortReya BNBRUSDPERP789.990.0327get 0.0041% / 1h32m 25s$6K$3K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$47.76
Price spread: −0.020% → 0.000%
−$1.96
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
$32.79
Costs to cover
0.130%
Break-even
2.2 days
Slippage unknown: Nado: live order book, 1 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 1 min ago0.06 bp3.7 bp −$48.6 bp −$86doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0167% / S +0.0335%1h790.04−0.014%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h790.40+0.032%$4K$23925xas long as short
StandX BNB-USD0.0000%1h790.72+0.072%$855K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h790.07−0.010%$9.6M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.891%$19K$789K30xas long as short
Aster BNBUSDT+0.0046%8h790.84+0.087%$6.3M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.79−0.046%$617K$1.8M50xas long as short
BingX BNB-USDT+0.0059%8h790.29+0.018%$34.3Mas long as short
MEXC BNB_USDT+0.0074%8h791.10+0.120%$80.4M$12.4M200xas long as short
Phemex BNBUSDT+0.0075%8h790.69+0.068%$69.2M$51.1M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0075%8h790.83+0.086%$494.4M$803.9M75xas long as short
Variational Omni BNB+0.0091%8h788.80−0.171%$4.1M$4.6Mas long as short
Kraken Futures PF_BNBUSD+0.0091%1h790.09−0.008%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h790.39+0.031%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h790.07−0.010%$266K$497K50xas long as short
Nado BNB-PERPlong+0.0100%1h790.15long leg$1.5M$2.6M20x
Hyperliquid BNB+0.0100%1h790.74+0.075%$51.8M$18.1M10xas long as short
Pacifica BNB+0.0100%1h790.36+0.027%$1.2M$908K20xas long as short
Bybit BNBUSDT+0.0100%8h790.20+0.006%$139.0M$77.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.10−0.006%$53.6M$112.2M50xas long as short
Arcus BNB-USD+0.0100%1h790.30+0.019%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.05−0.013%$35.3M$56.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h790.01−0.018%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h789.97−0.023%$77.0M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h790.41+0.033%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h789.67−0.060%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.01−0.018%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h790.09−0.008%$135K$948K10xas long as short
Derive BNB-PERP+0.0100%1h790.28+0.017%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h790.74+0.074%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h789.37−0.099%$8.1M$9.1M75xas long as short
Paradex BNB-USD-PERP+0.0103%8h790.87+0.091%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.92−0.028%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h790.08−0.009%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h790.19+0.005%$170K$35K10xas long as short
SoDEX BNB-USD+0.0135%1h790.20+0.006%$388K$1.0M10xas long as short
GRVT BNB_USDT_Perp+0.0140%8h789.95−0.025%$2.9M$28.2M10xas long as short
Kalshi KXBNBPERP+0.0193%8h790.30+0.019%$92K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0195%8h790.51+0.046%$18.2M$2.3M75xas long as short
dYdX BNB-USD+0.0233%1h789.58−0.072%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0296%1h790.83+0.086%$28K$4K10xas long as short
Reya BNBRUSDPERPshort+0.0327%1h789.99−0.020%$6K$3K40x
RISEx BNB/USDC+0.0361%1h790.52+0.047%$1.1M$1.0M20xas long as short
Bulk BNB-USD+0.0383%1h789.79−0.046%$640K$6K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h790.55+0.050%$1.5M$147K25xas long as short
Hibachi BNB/USDT-P+0.0592%1h790.32+0.022%$68K$38K12xas long as short