Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

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 +0.007%

Price spread now: Arcus against Nado+0.095%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.095%, 7d avg +0.115%

Together, before fees+0.083%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	799.64	0.0100	pay 0.0012% / 1h	3m 52s	$1.4M	$2.7M	20x
Short	Arcus BNB-USD	800.40	0.0100	get 0.0013% / 1h	3m 52s	$53K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.115%: −$1.98
Slippage, 4 orders: −$24.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$37.7
Costs to cover: 0.357%
Break-even: 3873039069781051.5 days

Slippage from Nado: live order book, 5 min ago; Arcus: live order book, 14 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 Nado live order book, 5 min ago	0.06 bp	4.5 bp −$5	9.1 bp −$91	doesn't fit	doesn't fit
Sell Arcus live order book, 14 min ago	5.61 bp	12.4 bp −$12	24.5 bp −$245	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 −0.0201% / S +0.0372%	1h	799.85	+0.026%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.40	+0.095%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	+0.079%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.47	+0.103%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.94	+0.037%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0028%	8h	798.74	−0.113%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	800.17	+0.066%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.80	+0.020%	$139.0M	$78.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.30	+0.082%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.059%	$605K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0097%	8h	800.73	+0.136%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	799.64	long leg	$1.4M	$2.7M	20x
Pacifica BNB	+0.0100%	1h	800.12	+0.060%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.80	+0.020%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	800.40	+0.095%	$53K	$151K	10x
Gate BNB_USDT	+0.0100%	8h	799.70	+0.007%	$35.7M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.94	+0.037%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.03	+0.048%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.61	−0.005%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.21	+0.071%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.83	+0.023%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.90	+0.032%	$387K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.14	+0.063%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.52	+0.110%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.10	+0.057%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.27	+0.078%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.58	+0.117%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.73	+0.011%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.08	+0.055%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	800.50	+0.107%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	801.00	+0.170%	$83.2M	$13.9M	200x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.50	+0.107%	$70.0M	$51.1M	50x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.81	+0.146%	$500.9M	$818.3M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	+0.048%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.39	+0.093%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.91	+0.033%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	799.88	+0.029%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.44	+0.100%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.070%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.681%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0317%	1h	800.92	+0.160%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.14	+0.062%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.82	+0.147%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.52	−0.016%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0359%	1h	799.99	+0.043%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0561%	1h	800.88	+0.155%	$2.7M	$5.7M	40x	as long as short