BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0293%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.046%

Price spread now: Nado against RISEx−0.071%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on RISEx Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.122%−$12 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.071%, 7d avg −0.013%

Together, before fees−0.133%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Nado is 0.058% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	787.31	0.0393	pay 0.0049% / 1h	45m 19s	$1.1M	$900K	20x
Short	Nado BNB-PERP	786.75	0.0100	get 0.0012% / 1h	45m 19s	$1.4M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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 RISExbpFee NadobpOrdersPrice spread, now −0.071%Rate

Funding earned: −$61.48
Price spread: −0.071% → −0.013%: −$5.84
Slippage, 4 orders: −$3.17
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$83.49
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Nado: live order book, 6 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 RISEx live order book, 1 min ago	1.52 bp	4.5 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit
Sell Nado live order book, 6 min ago	0.06 bp	3.6 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit

BNB on 45 exchanges

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	787.00	−0.039%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.41	+0.013%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.94	+0.080%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.57	+0.033%	$5.9M	$17.0M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.72	+0.052%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	+0.088%	$144K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.21	+0.115%	$850K	$2.9M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.88	+0.072%	$1.5M	$157K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.18	−0.016%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0014%	8h	788.70	+0.177%	$83.3M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0015%	8h	787.65	+0.043%	$481.4M	$761.9M	75x	as long as short
Bybit BNBUSDT	+0.0031%	8h	786.67	−0.081%	$138.4M	$65.7M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.259%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0059%	8h	787.99	+0.087%	$18.4M	$2.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.21	−0.013%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	786.75	−0.071%	$1.4M	$2.3M	20x
Hyperliquid BNB	+0.0100%	1h	787.62	+0.040%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.24	−0.009%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	−0.065%	$53.3M	$101.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.30	−0.001%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.00	−0.039%	$41.3M	$53.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.89	−0.053%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.70	−0.077%	$75.8M	$30.9M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.17	−0.018%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.76	+0.057%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.05	−0.033%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.74	+0.055%	$4.1M	$74.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.45	+0.018%	$158K	$455K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.91	−0.051%	$130K	$903K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.08	−0.029%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.23	+0.116%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.70	+0.050%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.67	+0.045%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.51	+0.026%	$78K	$656K	50x	as long as short
Phemex BNBUSDT	+0.0101%	8h	788.17	+0.109%	$68.5M	$51.1M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.51	−0.102%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.91	−0.051%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	788.06	+0.095%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.59	+0.036%	$544K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.57	+0.033%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0297%	1h	788.11	+0.102%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	787.18	−0.016%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.37	+0.008%	$67K	$37K	12x	as long as short
RISEx BNB/USDClong	+0.0393%	1h	787.31	long leg	$1.1M	$900K	20x
dYdX BNB-USD	+0.1101%	1h	787.47	+0.021%	$158K	$34K	10x	as long as short