BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.078%

Price spread now: Nado against dYdX−0.028%7-day average −0.017% · 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−$48as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.361%−$36 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.028%, 7d avg −0.017%

Together, before fees−0.254%+ Points / potential airdropNado: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	785.81	0.0206	pay 0.0026% / 1h	27m 08s	$158K	$31K	10x
Short	Nado BNB-PERP	785.59	0.0100	get 0.0012% / 1h	27m 08s	$1.3M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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 dYdXbpFee NadobpOrdersPrice spread, now −0.028%Rate

Funding earned: −$22.29
Price spread: −0.028% → −0.017%: −$1.08
Slippage, 4 orders: −$30.24
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$70.62
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from dYdX: live order book, 15 min ago; Nado: live order book, 5 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 dYdX live order book, 15 min ago	14.35 bp	19.6 bp −$20	24.7 bp −$247	30.5 bp −$3,050	80.7 bp −$40.3K
Sell Nado live order book, 5 min ago	0.06 bp	3.9 bp −$4	8.0 bp −$80	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	785.80	−0.002%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.86	+0.007%	$2.6M	$1.3M	50x	as long as short
Bybit BNBUSDT	−0.0074%	8h	785.47	−0.043%	$138.8M	$64.7M	75x	as long as short
BingX BNB-USDC	−0.0067%	8h	785.94	+0.017%	—	$13.4M	—	as long as short
Aster BNBUSDT	0.0000%	8h	786.43	+0.079%	$5.9M	$16.5M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.62	+0.102%	$2.9M	$26.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.40	+0.075%	$171K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.39	+0.074%	$848K	$3.0M	30x	as long as short
MEXC BNB_USDT	+0.0005%	8h	787.50	+0.215%	$83.4M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0005%	8h	786.47	+0.084%	$480.1M	$739.4M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.77	−0.005%	$9.5M	—	150x	as long as short
BloFin BNB-USDT	+0.0023%	8h	786.44	+0.080%	$18.6M	$2.2M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.454%	$19K	$789K	30x	as long as short
Variational Omni BNB	+0.0063%	8h	785.53	−0.036%	$4.3M	$3.9M	—	as long as short
Phemex BNBUSDT	+0.0081%	8h	786.47	+0.084%	$68.2M	$49.8M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.04	+0.029%	$2.7M	$3.0M	20x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	785.59	−0.028%	$1.3M	$2.2M	20x
Hyperliquid BNB	+0.0100%	1h	786.49	+0.087%	$52.1M	$16.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.02	+0.027%	$1.2M	$927K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.60	−0.027%	$53.3M	$97.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.90	+0.011%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.75	−0.008%	$42.5M	$52.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.70	−0.014%	$28.2M	$9.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.57	−0.031%	$75.9M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.27	+0.059%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.13	+0.041%	$4.1M	$70.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.89	+0.137%	$158K	$461K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.67	−0.018%	$126K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.89	+0.010%	$264K	$258K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.01	+0.025%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.45	+0.082%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.10	+0.037%	$386K	$911K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.15	+0.044%	$1.5M	$127K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.86	+0.006%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.18	+0.048%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.34	−0.059%	$1.8M	$5.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.73	−0.010%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0116%	1h	785.99	+0.023%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.48	+0.085%	$537K	$1.7M	50x	as long as short
dYdX BNB-USDlong	+0.0206%	1h	785.81	long leg	$158K	$31K	10x
Hibachi BNB/USDT-P	+0.0224%	1h	785.79	−0.002%	$67K	$32K	12x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	786.38	+0.073%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0269%	1h	787.35	+0.196%	$637K	$13K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	785.35	−0.058%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0391%	1h	786.03	+0.027%	$1.1M	$892K	20x	as long as short