BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.008%

Price spread now: SoDEX against Nado+0.077%7-day average +0.050% · 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−$15as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Nado Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.077%, 7d avg +0.050%

Together, before fees−0.052%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.027% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	800.58	0.0100	pay 0.0012% / 1h	27m 22s	$1.4M	$2.8M	20x
Short	SoDEX BNB-USD	801.20	0.0120	get 0.0015% / 1h	27m 22s	$394K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $4.27
Price spread: +0.077% → +0.050%: $2.74
Slippage, 4 orders: −$2.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.58
Costs to cover: 0.176%
Break-even: 24.3 days

Slippage from Nado: live order book, 1 min ago; SoDEX: live order book, 1 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	4.3 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.62 bp	4.6 bp −$5	8.8 bp −$88	78.6 bp −$7,864	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 −0.0201% / S +0.0372%	1h	800.99	+0.051%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.18	+0.075%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.71	+0.141%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.10	+0.190%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.32	+0.217%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.01	+0.053%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	+0.033%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0065%	8h	801.02	+0.055%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	800.53	−0.007%	$139.4M	$83.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.00	+0.052%	$2.8M	$4.2M	20x	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	+0.0096%	1h	801.17	+0.073%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.51	+0.116%	$6.4M	$19.3M	200x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	800.58	long leg	$1.4M	$2.8M	20x
Pacifica BNB	+0.0100%	1h	800.84	+0.032%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.80	+0.027%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	+0.077%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.85	+0.033%	$35.8M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.62	+0.005%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.88	+0.037%	$81.0M	$26.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.89	+0.163%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.93	+0.168%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.79	+0.026%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.05	+0.058%	$387K	$572K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.31	+0.091%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.52	+0.118%	$12K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.97	+0.049%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.43	+0.106%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.62	+0.004%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.21	+0.079%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.80	+0.152%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.58	+0.125%	$503.9M	$829.7M	75x	as long as short
SoDEX BNB-USDshort	+0.0120%	1h	801.20	+0.077%	$394K	$1.0M	10x
Phemex BNBUSDT	+0.0126%	8h	801.34	+0.095%	$70.0M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.68	+0.137%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	801.31	+0.091%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0197%	1h	800.59	0.000%	$161K	$62K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.48	+0.112%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	800.99	+0.051%	$2.6M	$984K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	802.15	+0.196%	$18.5M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0285%	1h	801.83	+0.156%	$51.9M	$22.3M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.563%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.05	+0.058%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	800.48	−0.013%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.64	+0.132%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	+0.125%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0665%	1h	801.53	+0.118%	$2.7M	$5.6M	40x	as long as short