BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.001%

Price spread now: Nado against Injective−2.365%49s7-day average +0.132% · you buy dearer than you sell

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

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+2.737%+$274 · spread now −2.365%, 7d avg +0.132%

Together, before fees+2.745%+ Points / potential airdropNado: Active · farm board+$274 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 2.497% cheaper against Injective than usual: you would sell low and buy high (spread −2.365% now, against its 7-day average of +0.132%). If the spread goes back, that is −$250 on $10k: about 4 months of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.007% in total) that is about years. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BNB/USDC PERP	805.09	0.0033	pay 0.0004% / 1h	59m 33s	$19K	$789K	30x
Short	Nado BNB-PERP	786.05	0.0100	get 0.0012% / 1h	59m 33s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee NadobpOrdersPrice spread, now −2.365%Rate

Funding earned: $14
Price spread: −2.365% → +0.132%: −$249.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$242.74
Costs to cover: 0.070%
Break-even: 128.4 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	0.06 bp	3.8 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit

Injective: 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 −0.0170% / S +0.0337%	1h	786.71	−2.283%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.89	−2.261%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	−2.144%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.71	−2.284%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
BingX BNB-USDT	+0.0046%	8h	786.64	−2.292%	—	$22.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	787.05	−2.241%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0057%	8h	787.80	−2.148%	$81.0M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	787.09	−2.236%	$489.2M	$821.4M	75x	as long as short
dYdX BNB-USD	+0.0067%	1h	786.64	−2.291%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	787.38	−2.200%	$68.8M	$51.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	−2.194%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.68	−2.287%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	786.05	−2.365%	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	787.15	−2.228%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.76	−2.277%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.40	−2.321%	$138.4M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−2.334%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−2.272%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.50	−2.309%	$38.0M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.17	−2.350%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.26	−2.339%	$76.7M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.15	−2.228%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−2.382%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.76	−2.276%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.93	−2.256%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.60	−2.297%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.78	−2.274%	$265K	$454K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	−2.241%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.78	−2.275%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.90	−2.259%	$387K	$976K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.64	−2.292%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.06	−2.239%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.13	−2.355%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.79	−2.273%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	787.00	−2.247%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	−2.153%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	786.92	−2.257%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.22	−2.219%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.71	−2.283%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.06	−2.240%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	−2.262%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	787.18	−2.225%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.41	−2.320%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.76	−2.277%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	786.61	−2.296%	$67K	$39K	12x	as long as short