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% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against ApeX Omni−0.078%7-day average −0.095% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on ApeX Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.078%, 7d avg −0.095%

Together, before fees−0.101%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	793.68	0.0100	pay 0.0013% / 1h	16m 55s	$160K	$435K	50x
Short	Nado BNB-PERP	793.06	0.0100	get 0.0012% / 1h	16m 55s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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 ApeX OmnibpFee NadobpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.095%: $1.63
Slippage, 4 orders: −$12.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$28.1
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 51 min ago	1.50 bp	7.3 bp −$7	29.3 bp −$293	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.06 bp	4.9 bp −$5	11.3 bp −$113	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	793.12	−0.071%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.36	−0.040%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.57	−0.014%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.90	+0.028%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.19	−0.062%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.438%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	793.80	+0.015%	$6.1M	$19.7M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.053%	$4.1M	$4.9M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	793.89	+0.026%	$69.4M	$50.7M	50x	as long as short
BingX BNB-USDC	+0.0050%	8h	793.47	−0.026%	—	$13.4M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.233%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0061%	8h	794.10	+0.053%	$82.5M	$12.8M	200x	as long as short
Gate BNB_USDT	+0.0062%	8h	793.25	−0.054%	$35.4M	$56.6M	75x	as long as short
Binance BNBUSDT	+0.0062%	8h	794.07	+0.049%	$493.9M	$810.0M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0069%	8h	793.89	+0.027%	$3.0M	$28.4M	10x	as long as short
dYdX BNB-USD	+0.0080%	1h	792.96	−0.091%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.20	+0.066%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.52	−0.021%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.09	−0.074%	$383K	$409K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	793.06	−0.078%	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	793.91	+0.029%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.52	−0.020%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.54	−0.018%	$138.7M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.10	−0.073%	$53.2M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.40	−0.035%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.14	−0.068%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.12	−0.071%	$77.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.72	+0.005%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	793.68	long leg	$160K	$435K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	793.24	−0.055%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.37	−0.039%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.80	+0.015%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.40	−0.035%	$390K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.97	−0.090%	$8.1M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.95	+0.034%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.09	−0.074%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.42	−0.032%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.46	−0.028%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	793.50	−0.023%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.283%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	793.67	−0.001%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.73	+0.007%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	792.79	−0.112%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	794.06	+0.048%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	793.58	−0.012%	$68K	$38K	12x	as long as short