Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Nado+0.009%7-day average −0.008% · 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−$25as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Nado Short on KuCoin

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−0.038%−$4 · spread now +0.009%, 7d avg −0.008%

Together, before fees−0.040%+ Points / potential airdropNado: Active · farm board−$4 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	797.71	0.0100	pay 0.0012% / 1h	48m 09s	$1.4M	$2.7M	20x
Short	KuCoin BNBUSDTM	797.78	0.0100	get 0.0100% / 8h	7h 48m	$27.9M	$10.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.008%: $1.74
Slippage, 4 orders: −$8.09
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$25.35
Costs to cover: 0.271%
Break-even: 2604469657669128.5 days

Slippage from Nado: live order book, 1 min ago; KuCoin: live order book, 11 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	8.4 bp −$84	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.44 bp	13.1 bp −$13	18.3 bp −$183	46.5 bp −$4,646	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	797.69	−0.002%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.48	−0.028%	$2.5M	$979K	50x	as long as short
Bybit BNBUSDT	−0.0081%	8h	797.30	−0.051%	$138.4M	$77.0M	75x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.13	+0.053%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0030%	8h	797.72	+0.002%	—	$35.2M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.92	+0.152%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.40	+0.087%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.86	+0.019%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.13	−0.073%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.925%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0046%	8h	798.28	+0.072%	$69.7M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	+0.037%	$601K	$987K	50x	as long as short
Gate BNB_USDT	+0.0054%	8h	797.50	−0.026%	$35.7M	$55.8M	75x	as long as short
Aster BNBUSDT	+0.0069%	8h	798.18	+0.059%	$6.2M	$19.3M	200x	as long as short
MEXC BNB_USDT	+0.0091%	8h	798.60	+0.112%	$83.0M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0091%	8h	798.23	+0.065%	$496.2M	$816.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.88	+0.022%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	+0.126%	$172K	$36K	10x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	797.71	long leg	$1.4M	$2.7M	20x
Pacifica BNB	+0.0100%	1h	798.04	+0.042%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.50	−0.026%	$54.1M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.10	+0.049%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	797.78	+0.009%	$27.9M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	797.53	−0.022%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.80	+0.137%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.41	+0.088%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.78	+0.009%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.79	+0.010%	$386K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.94	+0.029%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.51	+0.101%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.90	+0.024%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.53	−0.023%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.64	+0.117%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.40	−0.038%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.88	+0.021%	$383K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	+0.086%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	797.90	+0.024%	$70K	$35K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	798.40	+0.087%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.83	+0.016%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0211%	8h	798.50	+0.099%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.27	+0.071%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.27	+0.071%	$1.6M	$160K	25x	as long as short
dYdX BNB-USD	+0.0306%	1h	797.97	+0.033%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.38	−0.041%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0359%	1h	798.36	+0.082%	$53.2M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0387%	1h	798.52	+0.102%	$2.7M	$5.7M	40x	as long as short