BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h −0.019%

Price spread now: Nado against Kraken Futures−0.020%7-day average −0.023% · 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−$29as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Kraken Futures Short on Nado

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 3 days (all we have)−0.005%−$1 · spread now −0.020%, 7d avg −0.023%

Together, before fees−0.002%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	801.53	−0.0074	get 0.0009% / 1h	41m 45s	$2.6M	$970K	50x
Short	Nado BNB-PERP	801.36	0.0100	get 0.0012% / 1h	41m 45s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kraken Futures. 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 Kraken FuturesbpFee NadobpOrdersPrice spread, now −0.020%Rate

Funding earned: $36.47
Price spread: −0.020% → −0.023%: $0.25
Slippage, 4 orders: −$12.44
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $7.29
Costs to cover: 0.294%
Break-even: 5.6 days

Slippage from Kraken Futures: live order book, 2 min ago; Nado: live order book, 2 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 Kraken Futures live order book, 2 min ago	2.43 bp	10.0 bp −$10	15.7 bp −$157	35.1 bp −$3,511	90.2 bp −$45.1K
Sell Nado live order book, 2 min ago	0.06 bp	4.1 bp −$4	10.5 bp −$105	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	801.70	+0.022%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.12	+0.074%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0074%	1h	801.53	long leg	$2.6M	$970K	50x
GRVT BNB_USDT_Perp	0.0000%	8h	803.47	+0.242%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.34	+0.226%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.76	+0.030%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	+0.115%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0048%	8h	801.68	+0.019%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0058%	8h	801.30	−0.028%	$139.1M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.100%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.90	+0.047%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	801.36	−0.020%	$1.4M	$2.7M	20x
Pacifica BNB	+0.0100%	1h	801.84	+0.039%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.60	+0.009%	$54.6M	$113.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.20	+0.084%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.50	−0.003%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.49	−0.004%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.48	−0.006%	$79.5M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.59	+0.258%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.34	+0.226%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.61	+0.011%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.67	+0.018%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.94	+0.052%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.36	+0.105%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.80	+0.034%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.26	+0.092%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.40	+0.110%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.25	+0.090%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.11	−0.051%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.85	+0.041%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0113%	8h	802.37	+0.105%	$70.1M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	802.40	+0.109%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0123%	8h	802.19	+0.082%	$501.6M	$817.3M	75x	as long as short
MEXC BNB_USDT	+0.0124%	8h	802.50	+0.122%	$83.4M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	803.09	+0.195%	$173K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.13	+0.075%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0219%	1h	802.37	+0.105%	$52.0M	$21.4M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	803.19	+0.208%	$71K	$43K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	802.88	+0.169%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.90	+0.047%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.445%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.256%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.24	−0.035%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	802.40	+0.109%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0364%	1h	802.48	+0.119%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0432%	1h	802.20	+0.084%	$162K	$62K	10x	as long as short