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

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Nado against Derive−0.040%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.040% cheaper against Derive than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP799.750.0100pay 0.0013% / 1h6m 16s$32K$5K10x
ShortNado BNB-PERP799.440.0100get 0.0012% / 1h6m 16s$1.4M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Derive. 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: −0.040% → 0.000%
−$3.96
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$16.96
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; Nado: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell Nado live order book, 3 min ago0.06 bp5.4 bp −$511.5 bp −$115doesn't fitdoesn't fit
Derive: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h799.69−0.008%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h799.63−0.016%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.27+0.065%$3.0M$29.0M10xas long as short
StandX BNB-USD0.0000%1h799.92+0.021%$864K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.65−0.013%$9.7M150xas long as short
Variational Omni BNB+0.0030%8h799.14−0.077%$4.2M$5.4Mas long as short
BingX BNB-USDC+0.0055%8h799.44−0.039%$13.3Mas long as short
Bybit BNBUSDT+0.0065%8h799.40−0.044%$138.9M$78.7M75xas long as short
Aster BNBUSDT+0.0096%8h800.25+0.062%$6.3M$18.9M200xas long as short
Lighter BNB+0.0096%1h799.66−0.011%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h799.17−0.073%$605K$994K50xas long as short
Nado BNB-PERPshort+0.0100%1h799.44−0.040%$1.4M$2.7M20x
Pacifica BNB+0.0100%1h799.61−0.018%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.40−0.044%$54.6M$113.6M50xas long as short
Arcus BNB-USD+0.0100%1h799.90+0.018%$53K$151K10xas long as short
Gate BNB_USDT+0.0100%8h799.45−0.038%$35.7M$59.0M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.49−0.033%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h799.41−0.043%$80.7M$26.6M75xas long as short
edgeX BNBUSDC+0.0100%4h800.16+0.051%$4.2M$77.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.53+0.097%$161K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.69−0.008%$121K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.63−0.016%$386K$489K50xas long as short
Derive BNB-PERPlong+0.0100%1h799.75long leg$32K$5K10x
SunX BNB-USDT+0.0100%8h800.29+0.067%$12K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.70−0.007%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.99−0.095%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h800.12+0.046%$78K$19K50xas long as short
Kalshi KXBNBPERP+0.0100%8h799.40−0.044%$116K$2.9M4.8xas long as short
Extended BNB-USD+0.0104%1h799.19−0.071%$1.9M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h799.77+0.002%$384K$40K10xas long as short
MEXC BNB_USDT+0.0116%8h800.60+0.106%$83.2M$13.9M200xas long as short
Binance BNBUSDT+0.0117%8h800.39+0.080%$500.6M$818.0M75xas long as short
Phemex BNBUSDT+0.0117%8h799.74−0.002%$69.9M$51.2M50xas long as short
Phoenix BNB+0.0155%1h800.03+0.035%$172K$35K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h800.08+0.041%$1.6M$165K25xas long as short
Kraken Futures PF_BNBUSD+0.0207%1h799.47−0.036%$2.6M$965K50xas long as short
Hibachi BNB/USDT-P+0.0224%1h799.23−0.066%$71K$48K12xas long as short
BloFin BNB-USDT+0.0236%8h799.83+0.010%$18.3M$2.5M75xas long as short
Bulk BNB-USD+0.0298%1h800.20+0.056%$650K$21K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.667%$19K$789K30xas long as short
Hyperliquid BNB+0.0318%1h800.47+0.090%$51.8M$21.6M10xas long as short
RISEx BNB/USDC+0.0318%1h799.75−0.001%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0320%1h800.38+0.078%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0332%1h799.38−0.047%$6K$3K40xas long as short
dYdX BNB-USD+0.0353%1h799.29−0.058%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0567%1h800.06+0.038%$2.7M$5.7M40xas long as short