BNB

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: Nado against RISEx−0.080%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on RISEx Short on Nado

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+0.049%+$5 · spread now −0.080%, 7d avg −0.011%

Together, before fees−0.046%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Nado is 0.069% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

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 -10.4% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	789.58	0.0461	pay 0.0058% / 1h	41m 10s	$1.1M	$975K	20x
Short	Nado BNB-PERP	788.95	0.0100	get 0.0012% / 1h	41m 10s	$1.5M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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 RISExbpFee NadobpOrdersPrice spread, now −0.080%Rate

Funding earned: −$75.73
Price spread: −0.080% → −0.011%: −$6.89
Slippage, 4 orders: −$1.8
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$97.43
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Nado: live order book, 3 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 RISEx live order book, 2 min ago	0.32 bp	3.3 bp −$3	7.7 bp −$77	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.13 bp	4.5 bp −$5	9.7 bp −$97	doesn't fit	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 −0.0184% / S +0.0349%	1h	789.30	−0.036%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.71	+0.016%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.66	+0.137%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.35	−0.029%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.964%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.94	+0.046%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.52	−0.008%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.016%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.30	+0.091%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0066%	8h	790.11	+0.067%	$493.0M	$789.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0073%	8h	790.08	+0.063%	$69.1M	$50.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.63	+0.007%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.55	−0.004%	$266K	$492K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	788.95	−0.080%	$1.5M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	790.17	+0.075%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.51	−0.009%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.22	−0.046%	$138.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.048%	$53.4M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	+0.003%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.55	−0.004%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.27	−0.039%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.22	−0.046%	$76.4M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.92	+0.043%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.136%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.076%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.85	+0.034%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.23	−0.044%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.64	+0.007%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.06	+0.060%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.60	+0.003%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.39	−0.025%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.98	+0.050%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.99	−0.074%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.52	−0.007%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	−0.024%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	788.95	−0.080%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.89	+0.040%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0181%	8h	789.70	+0.015%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	790.09	+0.065%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.89	+0.039%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.26	−0.041%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.025%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.96	+0.048%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.90	−0.087%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0461%	1h	789.58	long leg	$1.1M	$975K	20x
Hibachi BNB/USDT-P	+0.0496%	1h	789.46	−0.015%	$67K	$38K	12x	as long as short