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: SunX against Nado+0.094%7-day average +0.104% · 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−$54as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.094%, 7d avg +0.104%

Together, before fees−0.027%+ Points / potential airdropNado: Active · farm board−$3 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	787.25	0.0100	pay 0.0012% / 1h	17m 08s	$1.4M	$2.7M	20x
Short	SunX BNB-USDT	787.99	0.0100	get 0.0100% / 8h	1h 17m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.104%: −$1.03
Slippage, 4 orders: −$38.46
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$54.5
Costs to cover: 0.535%
Break-even: 5598838785013635.0 days

Slippage from Nado: live order book, 2 min ago; SunX: 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, 2 min ago	0.06 bp	3.7 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	15.07 bp	23.6 bp −$24	39.5 bp −$395	doesn't fit	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	787.40	+0.019%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.91	+0.084%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.38	+0.144%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.47	+0.028%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.266%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0050%	8h	787.73	+0.061%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0051%	8h	788.06	+0.103%	$6.1M	$18.8M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	788.09	+0.107%	$490.8M	$820.4M	75x	as long as short
MEXC BNB_USDT	+0.0062%	8h	788.80	+0.197%	$81.1M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0066%	1h	787.95	+0.089%	$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	+0.0075%	8h	788.09	+0.107%	$68.9M	$51.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	+0.006%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.66	+0.052%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	787.25	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	788.33	+0.137%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.69	+0.055%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.49	+0.030%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	+0.019%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.044%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.70	+0.057%	$37.7M	$59.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.12	−0.017%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.47	+0.028%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.11	+0.109%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	+0.021%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.95	+0.089%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.19	+0.119%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.34	+0.011%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	+0.029%	$265K	$470K	50x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.99	+0.094%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	787.60	+0.044%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.80	+0.069%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.96	+0.090%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.13	−0.015%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.51	+0.033%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0125%	8h	787.90	+0.083%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	+0.057%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	788.16	+0.116%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.88	+0.080%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.50	+0.032%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.28	+0.131%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.98	+0.093%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.136%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.12	−0.016%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.65	+0.051%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	787.77	+0.066%	$67K	$39K	12x	as long as short