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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Nado against OKX−0.061%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$190.191% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.005%+$1 on $10k
Price spread, last 7 days+0.100%+$10 · spread now −0.061%, 7d avg +0.016%
Together, before fees+0.105%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.077% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BNB-USDT-SWAP805.200.0100pay 0.0100% / 8h2h 27m$55.1M$115.8M50x
ShortNado BNB-PERP804.710.0100get 0.0012% / 1h27m 14s$1.4M$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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
$0
Price spread: −0.061% → +0.016%
−$7.67
Slippage, 4 orders
−$2.1
Fee OKX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$26.76
Costs to cover
0.191%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Nado: live order book, 2 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 OKX live order book, 2 min ago0.62 bp5.6 bp −$68.2 bp −$8221.0 bp −$2,096doesn't fit
Sell Nado live order book, 2 min ago0.06 bp4.1 bp −$48.7 bp −$87doesn'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 −0.0195% / S +0.0371%1h805.07−0.016%$49K200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.10−0.012%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.60−0.074%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.30+0.012%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.43−0.096%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.12−0.010%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h805.17−0.003%$2.5M$908K50xas long as short
Variational Omni BNB+0.0049%8h803.71−0.185%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0054%8h805.32+0.015%$13.3Mas long as short
Bybit BNBUSDT+0.0075%8h804.90−0.037%$139.6M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.050%$609K$879K50xas long as short
Aster BNBUSDT+0.0091%8h805.73+0.065%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h805.39+0.023%$2.8M$4.2M20xas long as short
Nado BNB-PERPshort+0.0100%1h804.71−0.061%$1.4M$2.8M20x
Pacifica BNB+0.0100%1h804.97−0.028%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAPlong+0.0100%8h805.20long leg$55.1M$115.8M50x
Arcus BNB-USD+0.0100%1h805.10−0.012%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h805.05−0.019%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.06−0.017%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.95−0.031%$79.2M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.62−0.073%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.73−0.058%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.89−0.038%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.15−0.006%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h805.32+0.015%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.61+0.050%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.69+0.061%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.63−0.070%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.68+0.059%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.78−0.052%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.23+0.004%$387K$40K10xas long as short
MEXC BNB_USDT+0.0107%8h806.20+0.124%$84.5M$13.6M200xas long as short
Binance BNBUSDT+0.0109%8h805.91+0.088%$520.0M$803.4M75xas long as short
Phoenix BNB+0.0125%1h804.63−0.071%$173K$35K10xas long as short
Phemex BNBUSDT+0.0125%8h805.63+0.053%$70.3M$51.7M50xas long as short
Hyperliquid BNB+0.0168%1h805.98+0.097%$51.8M$21.3M10xas long as short
SoDEX BNB-USD+0.0190%1h805.200.000%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.107%$650K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h805.28+0.010%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0229%8h805.82+0.077%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.39−0.101%$71K$48K12xas long as short
dYdX BNB-USD+0.0273%1h804.28−0.114%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h804.66−0.067%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h805.88+0.084%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.038%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0650%1h806.25+0.130%$3.0M$5.5M40xas long as short