Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bitget+0.054%7-day average +0.038% · 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−$21as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.054%, 7d avg +0.038%

Together, before fees+0.015%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	800.24	0.0100	pay 0.0100% / 8h	1h 26m	$80.9M	$26.8M	75x
Short	Nado BNB-PERP	800.67	0.0100	get 0.0012% / 1h	26m 16s	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.038%: $1.61
Slippage, 4 orders: −$3.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20.69
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 3 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 Bitget live order book, 3 min ago	0.06 bp	7.7 bp −$8	13.4 bp −$134	24.0 bp −$2,398	doesn't fit
Sell Nado live order book, 3 min ago	0.06 bp	3.6 bp −$4	8.1 bp −$81	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	800.81	+0.072%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.35	+0.139%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.71	+0.184%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.50	+0.157%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	801.64	+0.175%	$866K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.86	+0.078%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	+0.076%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0066%	8h	801.15	+0.114%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	800.20	−0.005%	$139.4M	$83.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.92	+0.085%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	+0.116%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.43	+0.149%	$6.4M	$19.2M	200x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	800.67	+0.054%	$1.4M	$2.8M	20x
Pacifica BNB	+0.0100%	1h	800.95	+0.089%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.40	+0.020%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.10	+0.107%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.65	+0.051%	$35.7M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.68	+0.055%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	800.24	long leg	$80.9M	$26.8M	75x
edgeX BNBUSDC	+0.0100%	4h	801.89	+0.206%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.93	+0.211%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.77	+0.066%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.82	+0.072%	$387K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.10	+0.108%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.57	+0.166%	$12K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.84	+0.075%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.25	+0.126%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.28	+0.005%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.84	+0.075%	$385K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0114%	1h	800.90	+0.082%	$394K	$1.0M	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.60	+0.170%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.20	+0.120%	$503.6M	$829.4M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	801.19	+0.119%	$70.0M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.68	+0.180%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	801.15	+0.114%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.19	+0.119%	$1.6M	$165K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	800.59	+0.043%	$161K	$62K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	800.62	+0.047%	$2.6M	$983K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	801.70	+0.182%	$18.4M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0289%	1h	801.87	+0.204%	$51.9M	$22.3M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.606%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.88	+0.081%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	801.35	+0.139%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	800.46	+0.027%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	+0.168%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0657%	1h	801.81	+0.196%	$2.7M	$5.7M	40x	as long as short