Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h −0.063%
Price spread now: Nado against 01 Exchange−0.110%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.110% cheaper against 01 Exchange than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BNBUSD | 800.08 | 0.0200 | pay 0.0025% / 1h | 14m 27s | $28K | $1K | 10x |
| Short | Nado BNB-PERP | 799.20 | 0.0100 | get 0.0012% / 1h | 14m 27s | $1.5M | $2.7M | 20x |
01 Exchange BNBUSD
Nado BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against 01 Exchange. 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
- −$21
- Price spread: −0.110% → 0.000%
- −$11
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$46
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Nado: live order book, 4 min ago. Net counts fees only.
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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 4 min ago | 0.06 bp | 3.8 bp −$4 | 10.3 bp −$103 | doesn't fit | doesn't fit |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0159% / S +0.0335% | 1h | 799.62 | −0.057% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 799.20 | −0.111% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.75 | −0.041% | $4K | $239 | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.67 | −0.176% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.64 | −0.055% | $864K | $2.9M | 30x | as long as short |
| Gate BNB_USDT | +0.0004% | 8h | 799.45 | −0.079% | $35.9M | $56.9M | 75x | as long as short |
| Variational Omni BNB | +0.0005% | 8h | 798.43 | −0.207% | $4.1M | $5.0M | — | as long as short |
| BingX BNB-USDC | +0.0007% | 8h | 798.89 | −0.149% | — | $13.4M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.66 | −0.052% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDT | +0.0026% | 8h | 799.88 | −0.025% | $69.8M | $50.2M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Gate BNB_USDT
Variational Omni BNB
BingX BNB-USDC
gTrade (Gains Network) BNB/USD
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.626% | $19K | $789K | 30x | as long as short |
| Bybit BNBUSDT | +0.0044% | 8h | 799.47 | −0.076% | $138.8M | $76.2M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | −0.126% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0053% | 8h | 800.07 | −0.002% | $6.2M | $19.4M | 200x | as long as short |
| MEXC BNB_USDT | +0.0074% | 8h | 800.60 | +0.065% | $83.2M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0074% | 8h | 800.27 | +0.023% | $496.9M | $810.9M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.57 | −0.064% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 798.98 | −0.137% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERPshort | +0.0100% | 1h | 799.20 | −0.110% | $1.5M | $2.7M | 20x | |
| Pacifica BNB | +0.0100% | 1h | 799.58 | −0.062% | $1.2M | $937K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.60 | −0.060% | $54.3M | $111.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.60 | −0.060% | $53K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.35 | −0.091% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.21 | −0.109% | $78.3M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.56 | −0.190% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.57 | −0.189% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.33 | −0.094% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.65 | −0.054% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.39 | −0.086% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.75 | −0.041% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.40 | −0.085% | $393K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.63 | −0.181% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.99 | −0.011% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.07 | −0.126% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.33 | −0.094% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0138% | 1h | 797.80 | −0.285% | $648K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 799.56 | −0.065% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0159% | 8h | 799.60 | −0.060% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0195% | 8h | 799.65 | −0.054% | $18.1M | $2.6M | 75x | as long as short |
| dYdX BNB-USD | +0.0195% | 1h | 799.16 | −0.114% | $161K | $63K | 10x | as long as short |
| 01 Exchange BNBUSDlong | +0.0200% | 1h | 800.08 | long leg | $28K | $1K | 10x | |
| Hyperliquid BNB | +0.0293% | 1h | 800.30 | +0.027% | $53.2M | $20.3M | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0296% | 1h | 799.40 | −0.085% | $68K | $38K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 799.75 | −0.041% | $1.6M | $161K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 799.21 | −0.109% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0428% | 1h | 800.06 | −0.002% | $2.7M | $5.7M | 40x | as long as short |
Injective BNB/USDC PERP
Bybit BNBUSDT
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
Hyperliquid BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP