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: SunX against Nado+0.105%7-day average +0.106% · 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−$53as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Nado Short on SunX

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 3 days (all we have)−0.030%−$3 · spread now +0.105%, 7d avg +0.106%

Together, before fees−0.027%+ Points / potential airdropNado: Active · farm board−$3 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	795.05	0.0100	pay 0.0012% / 1h	26m 02s	$1.4M	$2.6M	20x
Short	SunX BNB-USDT	795.89	0.0100	get 0.0100% / 8h	6h 26m	$12K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.106%: −$0.04
Slippage, 4 orders: −$37.99
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.04
Costs to cover: 0.530%
Break-even: 5448749732546357.0 days

Slippage from Nado: live order book, 3 min ago; SunX: live order book, 9 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	3.7 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	15.06 bp	23.5 bp −$23	30.6 bp −$306	doesn't fit	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	795.70	+0.082%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.82	+0.096%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.77	+0.091%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	796.20	+0.145%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.69	+0.080%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	+0.072%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.263%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	796.37	+0.166%	$6.1M	$19.7M	200x	as long as short
Phemex BNBUSDT	+0.0040%	8h	796.38	+0.167%	$69.7M	$50.8M	50x	as long as short
Gate BNB_USDT	+0.0047%	8h	795.80	+0.094%	$35.4M	$56.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0050%	8h	796.07	+0.128%	—	$34.9M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.488%	$607K	$1.1M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0059%	8h	795.02	−0.004%	$3.0M	$28.4M	10x	as long as short
Binance BNBUSDT	+0.0064%	8h	796.36	+0.165%	$495.5M	$810.9M	75x	as long as short
MEXC BNB_USDT	+0.0064%	8h	796.70	+0.208%	$82.6M	$12.8M	200x	as long as short
dYdX BNB-USD	+0.0067%	1h	795.36	+0.039%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.15	+0.013%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.98	+0.116%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.73	+0.086%	$385K	$409K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	795.05	long leg	$1.4M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	796.44	+0.175%	$52.2M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.63	+0.072%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.83	+0.098%	$139.2M	$75.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.60	+0.069%	$53.3M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.70	+0.082%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.55	+0.063%	$27.8M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	795.67	+0.078%	$77.5M	$28.2M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.11	+0.007%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.039%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.60	+0.069%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.95	+0.114%	$32K	$9K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	795.89	+0.105%	$12K	$1.6M	50x
SoDEX BNB-USD	+0.0100%	1h	795.90	+0.107%	$391K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.94	−0.013%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.87	+0.103%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.33	+0.035%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.83	+0.098%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.91	+0.108%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	795.60	+0.069%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.110%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	796.17	+0.141%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.41	+0.045%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	796.34	+0.162%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	796.31	+0.159%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.00	−0.006%	$68K	$38K	12x	as long as short