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

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.018%
Price spread now: RISEx against Nado+0.003%54s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$150.148% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.095%+$10 on $10k
Price spread, last 7 days+0.028%+$3 · spread now +0.003%, 7d avg +0.011%
Together, before fees+0.123%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.095% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado BNB-PERP789.450.0100pay 0.0012% / 1h23m 40s$1.5M$2.6M20x
ShortRISEx BNB/USDC789.480.0461get 0.0058% / 1h23m 40s$1.1M$967K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$75.73
Price spread: +0.003% → +0.011%
−$0.77
Slippage, 4 orders
−$1.81
Fee Nado: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
$60.15
Costs to cover
0.148%
Break-even
1.4 days
Slippage from Nado: live order book, 5 min ago; RISEx: live order book, 5 min ago.

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, 5 min ago0.06 bp3.9 bp −$48.5 bp −$85doesn't fitdoesn't fit
Sell RISEx live order book, 5 min ago0.51 bp3.5 bp −$47.7 bp −$77doesn't fitdoesn't fit

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 −0.0187% / S +0.0351%1h789.27−0.022%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h789.89+0.056%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.60+0.019%$852K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.29−0.020%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.981%$19K$789K30xas long as short
Aster BNBUSDT+0.0040%8h789.90+0.058%$6.1M$18.7M200xas long as short
BingX BNB-USDC+0.0052%8h789.58+0.016%$13.4Mas long as short
Phemex BNBUSDT+0.0063%8h789.94+0.062%$69.1M$49.9M50xas long as short
MEXC BNB_USDT+0.0064%8h790.20+0.095%$80.2M$12.4M200xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.450.000%$582K$1.9M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0064%8h789.72+0.034%$493.2M$790.2M75xas long as short
Lighter BNB+0.0096%1h789.48+0.003%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.36−0.011%$266K$492K50xas long as short
Nado BNB-PERPlong+0.0100%1h789.45long leg$1.5M$2.6M20x
Hyperliquid BNB+0.0100%1h789.91+0.058%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.57+0.015%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h789.20−0.032%$138.8M$74.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.10−0.044%$53.4M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h789.40−0.006%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h789.20−0.032%$35.5M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h789.22−0.029%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.95−0.063%$76.3M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.72+0.034%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.00−0.056%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h790.13+0.086%$4.1M$73.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.94+0.062%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.19−0.033%$133K$950K10xas long as short
Derive BNB-PERP+0.0100%1h789.43−0.002%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.96+0.065%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.50+0.006%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h789.38−0.009%$8.1M$9.5M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h789.82+0.046%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.89−0.071%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.23−0.028%$379K$110K10xas long as short
Phoenix BNB+0.0117%1h791.77+0.294%$170K$35K10xas long as short
dYdX BNB-USD+0.0131%1h789.35−0.013%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0145%8h790.08+0.080%$2.9M$28.5M10xas long as short
Kalshi KXBNBPERP+0.0178%8h790.10+0.082%$126K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0185%8h790.17+0.091%$18.1M$2.2M75xas long as short
Bulk BNB-USD+0.0222%1h790.13+0.086%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0232%1h789.94+0.062%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h789.28−0.021%$2.5M$1.2M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h789.76+0.040%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0326%1h789.05−0.051%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0416%1h789.56+0.014%$67K$38K12xas long as short
RISEx BNB/USDCshort+0.0461%1h789.48+0.003%$1.1M$967K20x