Funding you earn now, next payment 10:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h −0.001%
Price spread now: Kraken Futures against Nado+0.030%46s7-day average +0.020% · 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−$290.292% of the position
Funding, last 4 days (all we have)−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.030%, 7d avg +0.020%
=Together, before fees−0.311%+ Points / potential airdropNado: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 46 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 | Nado BNB-PERP | 786.65 | 0.0100 | pay 0.0012% / 1h | 57m 31s | $1.4M | $2.5M | 20x |
| Short | Kraken Futures PF_BNBUSD | 786.89 | 0.0035 | get 0.0004% / 1h | 57m 31s | $2.5M | $1.2M | 50x |
Nado BNB-PERP
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.68
- Price spread: +0.030% → +0.020%
- $0.98
- Slippage, 4 orders
- −$12.24
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$41.95
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 min ago; Kraken Futures: live order book, 1 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, 1 min ago | 0.06 bp | 3.6 bp −$4 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 4.07 bp | 12.0 bp −$12 | 15.7 bp −$157 | 34.7 bp −$3,470 | 93.5 bp −$46.8K |
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 −0.0166% / S +0.0336% | 1h | 787.50 | +0.108% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.33 | +0.086% | $4K | — | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 788.33 | +0.213% | $2.9M | $26.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.05 | +0.178% | $850K | $2.8M | 30x | as long as short |
| Aster BNBUSDT | +0.0006% | 8h | 787.35 | +0.089% | $6.0M | $17.7M | 200x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.53 | +0.112% | $9.5M | — | 150x | as long as short |
| BingX BNB-USDC | +0.0023% | 8h | 787.20 | +0.070% | — | $13.4M | — | as long as short |
| Binance BNBUSDT | +0.0025% | 8h | 787.33 | +0.086% | $482.4M | $795.6M | 75x | as long as short |
| MEXC BNB_USDT | +0.0026% | 8h | 788.70 | +0.261% | $82.9M | $11.7M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.344% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Aster BNBUSDT
gTrade (Gains Network) BNB/USD
BingX BNB-USDC
Binance BNBUSDT
MEXC BNB_USDT
Injective BNB/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSDshort | +0.0035% | 1h | 786.89 | +0.030% | $2.5M | $1.2M | 50x | |
| Phemex BNBUSDT | +0.0082% | 8h | 787.51 | +0.109% | $68.5M | $51.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.00 | +0.044% | $2.7M | $3.4M | 20x | as long as short |
| Nado BNB-PERPlong | +0.0100% | 1h | 786.65 | long leg | $1.4M | $2.5M | 20x | |
| Hyperliquid BNB | +0.0100% | 1h | 787.45 | +0.102% | $51.7M | $17.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.09 | +0.056% | $1.2M | $940K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.80 | +0.019% | $138.7M | $70.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.80 | +0.019% | $53.6M | $107.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.10 | +0.057% | $52K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.80 | +0.019% | $39.9M | $53.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.55 | −0.013% | $27.8M | $9.7M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.66 | +0.001% | $75.6M | $32.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.28 | +0.080% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.30 | +0.083% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.88 | +0.156% | $4.1M | $77.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.09 | +0.183% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.96 | +0.039% | $130K | $916K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.10 | +0.057% | $264K | $304K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.64 | +0.126% | $12K | $1.4M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.20 | +0.070% | $387K | $939K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.33 | +0.087% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.34 | +0.088% | $88K | $282K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0103% | 8h | 788.00 | +0.172% | $161K | $2.5M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.48 | −0.021% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.99 | +0.043% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0109% | 8h | 788.43 | +0.226% | $17.6M | $2.3M | 75x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.71 | +0.135% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 787.77 | +0.142% | $550K | $1.9M | 50x | as long as short |
| Bulk BNB-USD | +0.0186% | 1h | 787.44 | +0.100% | $638K | $0 | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.46 | +0.102% | $1.5M | $136K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0216% | 1h | 787.43 | +0.099% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0318% | 1h | 786.59 | −0.008% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0345% | 1h | 787.14 | +0.062% | $1.1M | $895K | 20x | as long as short |
| dYdX BNB-USD | +0.0427% | 1h | 787.36 | +0.090% | $158K | $42K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0432% | 1h | 787.45 | +0.101% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
Lighter BNB
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
Phoenix BNB
Coinbase International BNB-PERP-INTX
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
dYdX BNB-USD
Hibachi BNB/USDT-P