Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.004%
Price spread now: Nado against SoDEX−0.013%7-day average −0.048% · 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−$14as in the Price arb table
costs, in and out, $10k−$180.175% of the position
Funding, last 3 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.013%, 7d avg −0.048%
=Together, before fees−0.049%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.035% dearer against SoDEX than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.048%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 3 days (−0.013% in total) that is about 9.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX BNB-USD | 787.40 | 0.0132 | pay 0.0016% / 1h | 12m 49s | $387K | $992K | 10x |
| Short | Nado BNB-PERP | 787.30 | 0.0100 | get 0.0012% / 1h | 12m 49s | $1.4M | $2.7M | 20x |
SoDEX BNB-USD
Nado BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.67
- Price spread: −0.013% → −0.048%
- $3.49
- Slippage, 4 orders
- −$2.52
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$20.7
- Costs to cover
- 0.175%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 46 min ago; Nado: 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 SoDEX live order book, 46 min ago | 0.64 bp | 5.3 bp −$5 | 9.0 bp −$90 | 85.3 bp −$8,533 | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.06 bp | 3.7 bp −$4 | 7.7 bp −$77 | 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 −0.0192% / S +0.0356% | 1h | 787.22 | −0.023% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.37 | −0.004% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.76 | +0.046% | $850K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.26 | −0.017% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.247% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0040% | 8h | 788.13 | +0.093% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDC | +0.0045% | 8h | 787.70 | +0.038% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0062% | 8h | 787.95 | +0.070% | $68.9M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0063% | 8h | 788.40 | +0.127% | $80.6M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0065% | 8h | 788.16 | +0.097% | $491.0M | $813.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 787.17 | −0.029% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 785.85 | −0.197% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.68 | +0.036% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.36 | −0.005% | $265K | $490K | 50x | as long as short |
| Nado BNB-PERPshort | +0.0100% | 1h | 787.30 | −0.013% | $1.4M | $2.7M | 20x | |
| Hyperliquid BNB | +0.0100% | 1h | 788.06 | +0.084% | $51.6M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.82 | +0.053% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.58 | +0.023% | $138.4M | $75.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.50 | +0.013% | $53.5M | $112.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.50 | +0.013% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.50 | +0.013% | $36.8M | $59.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.18 | −0.028% | $27.7M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.21 | −0.024% | $76.2M | $31.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.81 | +0.052% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.32 | −0.137% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.03 | −0.047% | $4.1M | $75.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.17 | −0.029% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.15 | −0.032% | $132K | $951K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.55 | +0.018% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.91 | +0.065% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.21 | −0.025% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 787.91 | +0.065% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.13 | −0.034% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.47 | +0.009% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 787.24 | −0.020% | $169K | $35K | 10x | as long as short |
| SoDEX BNB-USDlong | +0.0132% | 1h | 787.40 | long leg | $387K | $992K | 10x | |
| Kalshi KXBNBPERP | +0.0135% | 8h | 788.30 | +0.114% | $161K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0153% | 1h | 787.04 | −0.045% | $159K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0184% | 8h | 787.93 | +0.067% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.81 | +0.051% | $1.5M | $143K | 25x | as long as short |
| GRVT BNB_USDT_Perp | +0.0219% | 8h | 787.26 | −0.017% | $2.9M | $29.5M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 787.97 | +0.072% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 787.05 | −0.044% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0341% | 1h | 785.39 | −0.255% | $637K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 787.50 | +0.013% | $1.1M | $901K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 786.95 | −0.057% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P