Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Nado against Orderly−0.010%7-day average −0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.010%, 7d avg −0.060%
=Together, before fees−0.012%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.050% dearer against Orderly than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 789.13 | 0.0100 | pay 0.0100% / 8h | 3h 47m | $265K | $492K | 50x |
| Short | Nado BNB-PERP | 789.05 | 0.0100 | get 0.0012% / 1h | 47m 49s | $1.5M | $2.6M | 20x |
Orderly PERP_BNB_USDC
Nado BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Orderly. 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
- $0.01
- Price spread: −0.010% → −0.060%
- $4.98
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$8.01
- Costs to cover
- 0.130%
- Break-even
- 5343.9 days
Slippage unknown: Orderly: no order-book sample; Nado: live order book, 1 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 1 min ago | 0.06 bp | 3.9 bp −$4 | 7.8 bp −$78 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0192% / S +0.0356% | 1h | 788.99 | −0.018% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 789.11 | −0.003% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.26 | +0.016% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 789.80 | +0.085% | $135K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.04 | −0.011% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.06 | −0.009% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.022% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0035% | 8h | 789.64 | +0.065% | $6.1M | $18.8M | 200x | as long as short |
| BingX BNB-USDC | +0.0046% | 8h | 789.00 | −0.016% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0055% | 8h | 790.00 | +0.110% | $80.1M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0055% | 8h | 789.65 | +0.066% | $492.9M | $795.8M | 75x | as long as short |
| Phemex BNBUSDT | +0.0059% | 8h | 789.69 | +0.071% | $69.1M | $50.4M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.143% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 789.32 | +0.024% | $170K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.35 | +0.028% | $2.8M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 789.13 | long leg | $265K | $492K | 50x | |
| Nado BNB-PERPshort | +0.0100% | 1h | 789.05 | −0.010% | $1.5M | $2.6M | 20x | |
| Hyperliquid BNB | +0.0100% | 1h | 789.68 | +0.070% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.55 | +0.053% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.00 | −0.016% | $138.8M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.00 | −0.016% | $53.4M | $111.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.20 | +0.009% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.05 | −0.010% | $35.8M | $56.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.02 | −0.014% | $28.1M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.80 | −0.042% | $76.3M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.52 | +0.049% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.31 | +0.023% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 790.26 | +0.143% | $4.1M | $73.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 790.15 | +0.129% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.18 | +0.006% | $130K | $955K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.21 | +0.011% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.76 | +0.080% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.20 | +0.009% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.26 | +0.017% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 789.76 | +0.080% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.88 | −0.031% | $1.9M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.12 | −0.001% | $379K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0114% | 1h | 789.27 | +0.017% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0169% | 8h | 790.73 | +0.203% | $3.0M | $28.6M | 10x | as long as short |
| BloFin BNB-USDT | +0.0176% | 8h | 789.42 | +0.037% | $18.1M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0234% | 1h | 790.66 | +0.194% | $640K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 789.83 | +0.089% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.54 | +0.052% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 789.05 | −0.010% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0384% | 1h | 789.31 | +0.022% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 789.63 | +0.063% | $1.1M | $892K | 20x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
GRVT BNB_USDT_Perp
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC