BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0284%/8h= +31.1% APRnext payment +$0.36 per $10,000 · paid last 24h +0.067%

Price spread now: Nado against GMX−0.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Nado

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BNB/USD [WBTC.b-USDC]	789.17	L −0.0184% / S +0.0349%	get 0.0023% / 1h	38m 44s	$46K	—	200x
Short	Nado BNB-PERP	789.10	0.0100	get 0.0012% / 1h	38m 44s	$1.5M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. 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 GMXbpFee NadobpOrdersPrice spread, now −0.009%Rate

Funding earned: $59.73
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $39.78
Costs to cover: 0.190%
Break-even: 2.3 days

Slippage unknown: GMX: no order-book sample; Nado: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Nado live order book, 5 min ago	0.13 bp	4.5 bp −$5	9.7 bp −$97	doesn't fit	doesn't fit

GMX: 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]long	L −0.0184% / S +0.0349%	1h	789.17	long leg	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	789.56	+0.049%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.05	+0.111%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.06	−0.014%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.017%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.51	+0.042%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.12	−0.007%	—	$34.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.035%	$582K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0066%	8h	789.62	+0.056%	$492.8M	$788.7M	75x	as long as short
MEXC BNB_USDT	+0.0066%	8h	789.90	+0.092%	$80.2M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0066%	8h	789.48	+0.039%	$69.1M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	+0.009%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.00	−0.022%	$265K	$492K	50x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	789.10	−0.009%	$1.5M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	789.58	+0.051%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.29	+0.015%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.77	−0.051%	$138.7M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	−0.035%	$53.3M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	+0.041%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.80	−0.047%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.93	−0.031%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.80	−0.047%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.25	+0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.90	−0.034%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.127%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.91	+0.093%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.08	−0.012%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.05	−0.016%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.90	+0.091%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.00	−0.022%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.71	+0.068%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.79	+0.078%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.60	−0.072%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.93	−0.030%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	+0.027%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	788.93	−0.031%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.99	+0.103%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	790.10	+0.117%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.44	+0.034%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.57	+0.050%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.68	−0.063%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.077%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.32	+0.018%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.80	−0.047%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.39	+0.027%	$1.1M	$973K	20x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	789.96	+0.100%	$67K	$38K	12x	as long as short