Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Nado+0.057%7-day average +0.060% · 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−$21as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.057%, 7d avg +0.060%

Together, before fees+0.004%+ Points / potential airdropNado: Active · edgeX: Active · farm board$0 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	787.55	0.0100	pay 0.0012% / 1h	19m 01s	$1.4M	$2.7M	20x
Short	edgeX BNBUSDC	788.00	0.0100	get 0.0050% / 4h	1h 19m	$4.1M	$76.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.060%: −$0.27
Slippage, 4 orders: −$5.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.47
Costs to cover: 0.212%
Break-even: 2205314993895879.5 days

Slippage from Nado: live order book, 5 min ago; edgeX: live order book, 5 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	3.6 bp −$4	7.5 bp −$75	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	2.54 bp	7.0 bp −$7	7.0 bp −$70	10.4 bp −$1,042	doesn't fit

BNB on 45 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	787.41	−0.018%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.91	+0.046%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.46	+0.116%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.72	+0.021%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.227%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0051%	8h	788.07	+0.066%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	787.66	+0.014%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0062%	8h	788.70	+0.146%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	788.00	+0.057%	$490.8M	$819.8M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	787.95	+0.051%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	788.05	+0.063%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.032%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.57	+0.002%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	787.55	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	788.12	+0.072%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.76	+0.026%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.30	−0.032%	$138.5M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.30	−0.032%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.80	+0.032%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.40	−0.019%	$37.7M	$59.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.13	−0.053%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.28	−0.034%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.86	+0.039%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.017%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	788.00	+0.057%	$4.1M	$76.3M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	788.19	+0.081%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.52	−0.004%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.45	−0.013%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.99	+0.055%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	+0.006%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.89	+0.043%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.21	+0.084%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.17	−0.048%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.45	−0.013%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0126%	8h	788.00	+0.057%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	+0.019%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0183%	8h	788.12	+0.072%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.85	+0.038%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.37	−0.023%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.19	+0.082%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.11	+0.071%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.098%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.31	−0.031%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.76	+0.027%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	787.94	+0.050%	$67K	$39K	12x	as long as short