Funding you earn now, next payment 22:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.010%
Price spread now: Phoenix against Nado+0.048%57s7-day average +0.112% · 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−$350.347% of the position
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.048%, 7d avg +0.112%
=Together, before fees+0.149%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.063% cheaper against Nado than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.112%). If the spread goes back, that is −$6 on $10k: about 3.8 days of funding at the current rate (+$2 a day). The two prices were read 57 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 | 799.64 | 0.0100 | pay 0.0012% / 1h | 3m 41s | $1.4M | $2.7M | 20x |
| Short | Phoenix BNB | 800.03 | 0.0155 | get 0.0019% / 1h | 3m 41s | $172K | $35K | 10x |
Nado BNB-PERP
Phoenix BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $11.57
- Price spread: +0.048% → +0.112%
- −$6.32
- Slippage, 4 orders
- −$20.7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$29.45
- Costs to cover
- 0.347%
- Break-even
- 24.8 days
Slippage from Nado: live order book, 5 min ago; Phoenix: live order book, 8 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 Phoenix live order book, 8 min ago | 1.00 bp | 12.4 bp −$12 | 43.2 bp −$432 | 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-USDC | +0.0052% | 8h | 799.97 | +0.041% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0066% | 8h | 799.90 | +0.032% | $139.1M | $78.6M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 800.46 | +0.102% | $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 |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Lighter BNB
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0097% | 8h | 800.78 | +0.142% | $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 | 800.41 | +0.096% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 800.00 | +0.045% | $54.7M | $113.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.60 | +0.120% | $53K | $151K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.90 | +0.032% | $35.7M | $59.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 800.08 | +0.055% | $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 | 800.79 | +0.144% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.85 | +0.026% | $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 |
| Phemex BNBUSDT | +0.0116% | 8h | 800.50 | +0.107% | $70.0M | $51.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0117% | 8h | 801.10 | +0.182% | $83.2M | $13.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 800.87 | +0.154% | $500.9M | $818.0M | 75x | as long as short |
| Phoenix BNBshort | +0.0155% | 1h | 800.03 | +0.048% | $172K | $35K | 10x | |
| 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 | 800.38 | +0.092% | $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 | +0.0361% | 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 |
Aster BNBUSDT
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
Hibachi BNB/USDT-P
BloFin BNB-USDT
Bulk BNB-USD
Injective BNB/USDC PERP
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP