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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Nado against KuCoin−0.044%51s7-day average +0.008% · 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—prices read too far apart to compare
costs, in and out, $10k−$270.271% of the position
Long on KuCoinShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 7 days+0.074%+$7 · spread now −0.044%, 7d avg +0.008%
Together, before fees+0.075%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM798.060.0100pay 0.0100% / 8h7h 47m$27.9M$10.1M75x
ShortNado BNB-PERP797.710.0100get 0.0012% / 1h47m 37s$1.4M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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: −0.044% → +0.008%
−$5.24
Slippage, 4 orders
−$8.09
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$32.33
Costs to cover
0.271%
Break-even
never at this rate
Slippage from KuCoin: live order book, 11 min ago; Nado: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 11 min ago0.44 bp6.9 bp −$718.2 bp −$18254.7 bp −$5,465doesn't fit
Sell Nado live order book, 1 min ago0.06 bp3.6 bp −$49.2 bp −$92doesn't fitdoesn't fit

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%1h797.69−0.046%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.48−0.072%$2.5M$979K50xas long as short
Bybit BNBUSDT−0.0087%8h797.80−0.033%$138.5M$77.0M75xas long as short
Hotstuff BNB-PERP−0.0080%1h798.53+0.059%$4K$23925xas long as short
BingX BNB-USDT−0.0045%8h798.060.000%—$35.2M—as long as short
GRVT BNB_USDT_Perp0.0000%8h798.92+0.108%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.40+0.043%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.86−0.026%$9.7M—150xas long as short
Variational Omni BNB+0.0008%8h797.13−0.117%$4.1M$5.4M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.881%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0046%8h798.28+0.028%$69.7M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.00−0.008%$601K$987K50xas long as short
Gate BNB_USDT+0.0062%8h797.90−0.020%$35.7M$55.8M75xas long as short
Aster BNBUSDT+0.0069%8h798.25+0.023%$6.2M$19.3M200xas long as short
MEXC BNB_USDT+0.0091%8h799.00+0.118%$83.0M$13.5M200xas long as short
Binance BNBUSDT+0.0091%8h798.68+0.078%$496.5M$817.1M75xas long as short
Lighter BNB+0.0096%1h798.32+0.033%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.71+0.081%$172K$36K10xas long as short
Nado BNB-PERPshort+0.0100%1h797.71−0.044%$1.4M$2.7M20x
Pacifica BNB+0.0100%1h798.29+0.029%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.80−0.033%$54.1M$111.8M50xas long as short
Arcus BNB-USD+0.0100%1h798.50+0.055%$53K$133K10xas long as short
KuCoin BNBUSDTMlong+0.0100%8h798.06long leg$27.9M$10.1M75x
Bitget BNBUSDT+0.0100%8h797.82−0.030%$78.7M$27.6M75xas long as short
edgeX BNBUSDC+0.0100%4h798.20+0.017%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.41+0.044%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h797.78−0.035%$118K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.79−0.034%$386K$481K50xas long as short
Derive BNB-PERP+0.0100%1h797.94−0.016%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.51+0.057%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h797.90−0.020%$392K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h797.53−0.067%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.10+0.130%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.69−0.046%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h797.88−0.023%$383K$108K10xas long as short
Bulk BNB-USD+0.0118%1h798.39+0.042%$648K$11K10xas long as short
Hibachi BNB/USDT-P+0.0136%1h797.90−0.020%$70K$35K12xas long as short
Kalshi KXBNBPERP+0.0154%8h798.40+0.043%$89K$2.9M4.8xas long as short
RISEx BNB/USDC+0.0155%1h798.22+0.020%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0211%8h798.50+0.055%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0216%1h798.74+0.085%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h798.27+0.027%$1.6M$160K25xas long as short
dYdX BNB-USD+0.0317%1h797.97−0.011%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h797.38−0.085%$6K$3K40xas long as short
Hyperliquid BNB+0.0361%1h798.80+0.093%$53.2M$20.8M10xas long as short
Backpack BNB_USDC_PERP+0.0387%1h798.52+0.058%$2.7M$5.7M40xas long as short