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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against Nado+0.019%49s7-day average −0.021% · 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—prices read too far apart to compare
costs, in and out, $10k−$200.198% of the position
Long on NadoShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.050%−$5 on $10k
Price spread, last 7 days−0.070%−$7 · spread now +0.019%, 7d avg −0.021%
Together, before fees−0.120%+ Points / potential airdropNado: Active · farm board−$12 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: Bybit is 0.040% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado BNB-PERP787.550.0100pay 0.0012% / 1h23m 37s$1.5M$2.6M20x
ShortBybit BNBUSDT787.700.0100get 0.0100% / 8h3h 23m$138.6M$73.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.019% → −0.021%
$3.96
Slippage, 4 orders
−$1.79
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$15.83
Costs to cover
0.198%
Break-even
1626339785064198.3 days
Slippage from Nado: live order book, 5 min ago; Bybit: live order book, 5 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 Nado live order book, 5 min ago0.06 bp3.6 bp −$47.8 bp −$78doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.63 bp6.5 bp −$79.7 bp −$9725.4 bp −$2,539105.2 bp −$52.6K

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 −0.0192% / S +0.0356%1h787.88+0.042%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.75+0.025%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.00+0.057%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.52+0.123%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.82+0.034%$9.5M—150xas long as short
Aster BNBUSDT+0.0025%8h788.33+0.099%$6.1M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.227%$19K$789K30xas long as short
BingX BNB-USDC+0.0040%8h787.97+0.053%—$13.4M—as long as short
Binance BNBUSDT+0.0044%8h788.32+0.098%$491.5M$798.1M75xas long as short
MEXC BNB_USDT+0.0044%8h788.80+0.159%$80.0M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0046%8h788.33+0.099%$69.0M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h787.43−0.015%$581K$1.9M50xas long as short
Phoenix BNB+0.0092%1h788.22+0.085%$169K$35K10xas long as short
dYdX BNB-USD+0.0095%1h787.88+0.042%$159K$64K10xas long as short
Lighter BNB+0.0096%1h787.95+0.051%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.87+0.041%$265K$492K50xas long as short
Nado BNB-PERPlong+0.0100%1h787.55long leg$1.5M$2.6M20x
Hyperliquid BNB+0.0100%1h788.43+0.112%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h788.09+0.069%$1.2M$933K20xas long as short
Bybit BNBUSDTshort+0.0100%8h787.70+0.019%$138.6M$73.8M75x
OKX BNB-USDT-SWAP+0.0100%8h787.70+0.019%$53.5M$111.5M50xas long as short
Arcus BNB-USD+0.0100%1h788.00+0.057%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h787.70+0.019%$35.9M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.53−0.003%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h787.43−0.015%$76.2M$30.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.23+0.086%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.50−0.006%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h788.21+0.084%$4.1M$73.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.40+0.108%$159K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.65+0.013%$130K$951K10xas long as short
Derive BNB-PERP+0.0100%1h787.98+0.054%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.41+0.109%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.00+0.057%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h787.93+0.049%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.15+0.076%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.43−0.015%$1.9M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.90+0.045%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0110%8h788.20+0.083%$126K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0165%8h788.29+0.094%$18.0M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0174%8h788.73+0.150%$2.9M$28.7M10xas long as short
Bulk BNB-USD+0.0193%1h788.28+0.093%$638K$10K10xas long as short
01 Exchange BNBUSD+0.0240%1h788.31+0.097%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.37+0.104%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0324%1h787.44−0.015%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0408%1h788.01+0.059%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h788.13+0.073%$1.1M$893K20xas long as short