Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h −0.102%
Price spread now: Nado against dYdX−0.045%7-day average −0.015% · 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−$57as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 3 days (all we have)−0.337%−$34 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.045%, 7d avg −0.015%
=Together, before fees−0.322%+ Points / potential airdropNado: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.030% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 805.84 | 0.0200 | pay 0.0025% / 1h | 45m 33s | $162K | $63K | 10x |
| Short | Nado BNB-PERP | 805.48 | 0.0100 | get 0.0012% / 1h | 45m 33s | $1.5M | $2.8M | 20x |
dYdX BNB-USD
Nado BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against dYdX. 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
- −$21.06
- Price spread: −0.045% → −0.015%
- −$3
- Slippage, 4 orders
- −$37
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$78.06
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 38 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 dYdX live order book, 38 min ago | 12.51 bp | 26.8 bp −$27 | 155.3 bp −$1,553 | 272.1 bp −$27.2K | 509.6 bp −$254.8K |
| Sell Nado live order book, 3 min ago | 0.06 bp | 4.0 bp −$4 | 8.6 bp −$86 | 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 −0.0195% / S +0.0371% | 1h | 805.51 | −0.041% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.24 | +0.050% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.06 | +0.028% | $3.0M | $29.2M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.10 | +0.033% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.84 | 0.000% | $871K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.54 | −0.037% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0047% | 8h | 804.38 | −0.181% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 805.81 | −0.003% | — | $13.3M | — | as long as short |
| Hibachi BNB/USDT-P | +0.0072% | 1h | 805.46 | −0.047% | $71K | $48K | 12x | as long as short |
| Bybit BNBUSDT | +0.0084% | 8h | 805.32 | −0.064% | $139.5M | $81.9M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Hibachi BNB/USDT-P
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 806.03 | +0.024% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.54 | −0.037% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERPshort | +0.0100% | 1h | 805.48 | −0.045% | $1.5M | $2.8M | 20x | |
| Pacifica BNB | +0.0100% | 1h | 806.01 | +0.021% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.50 | −0.042% | $55.1M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.10 | +0.033% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.55 | −0.036% | $36.1M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.56 | −0.034% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.41 | −0.053% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.11 | +0.034% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.91 | +0.009% | $162K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.73 | −0.013% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.75 | −0.011% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.93 | +0.011% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.34 | +0.062% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.57 | −0.033% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.44 | +0.074% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0104% | 8h | 806.41 | +0.071% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.29 | −0.068% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.02 | +0.022% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0119% | 8h | 806.70 | +0.107% | $84.7M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0119% | 8h | 806.45 | +0.076% | $520.9M | $803.9M | 75x | as long as short |
| Phemex BNBUSDT | +0.0132% | 8h | 806.33 | +0.061% | $70.4M | $51.9M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 805.60 | −0.029% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0179% | 1h | 806.34 | +0.062% | $51.9M | $22.0M | 10x | as long as short |
| SoDEX BNB-USD | +0.0182% | 1h | 805.90 | +0.008% | $396K | $1.0M | 10x | as long as short |
| dYdX BNB-USDlong | +0.0200% | 1h | 805.84 | long leg | $162K | $63K | 10x | |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.81 | −0.003% | $2.5M | $929K | 50x | as long as short |
| BloFin BNB-USDT | +0.0238% | 8h | 806.34 | +0.062% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | −0.036% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 806.29 | +0.056% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.093% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.00 | +0.020% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 805.35 | −0.060% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 806.65 | +0.101% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0713% | 1h | 806.61 | +0.096% | $3.0M | $5.5M | 40x | as long as short |
Lighter BNB
Coinbase International BNB-PERP-INTX
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
SoDEX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP