BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h +0.006%

Price spread now: Kraken Futures against Nado+0.039%7-day average +0.023% · 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−$30as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.039%, 7d avg +0.023%

Together, before fees−0.318%+ Points / potential airdropNado: Active · farm board−$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	789.95	0.0100	pay 0.0012% / 1h	4m 10s	$1.5M	$2.6M	20x
Short	Kraken Futures PF_BNBUSD	790.26	0.0091	get 0.0011% / 1h	4m 10s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Nado. 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 NadobpFee Kraken FuturesbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$1.89
Price spread: +0.039% → +0.023%: $1.6
Slippage, 4 orders: −$14.98
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$32.27
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Kraken Futures: 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 Nado live order book, 5 min ago	0.06 bp	3.8 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.87 bp	11.6 bp −$12	13.2 bp −$132	31.9 bp −$3,191	154.8 bp −$77.4K

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 −0.0181% / S +0.0346%	1h	790.20	+0.032%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.66	+0.090%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.62	+0.085%	$854K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	790.16	+0.027%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.917%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	790.60	+0.082%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	790.10	+0.019%	$590K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0058%	8h	790.73	+0.099%	$69.3M	$50.3M	50x	as long as short
BingX BNB-USDC	+0.0058%	8h	790.61	+0.084%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0070%	8h	791.40	+0.184%	$80.4M	$12.5M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0071%	8h	790.89	+0.119%	$493.9M	$791.7M	75x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0091%	1h	790.26	+0.039%	$2.5M	$1.2M	50x
Lighter BNB	+0.0096%	1h	790.47	+0.066%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.25	+0.038%	$266K	$498K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	789.95	long leg	$1.5M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	791.00	+0.133%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.46	+0.065%	$1.2M	$914K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.13	+0.023%	$139.1M	$76.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.10	+0.019%	$53.4M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.40	+0.057%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.20	+0.032%	$35.4M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.13	+0.023%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.99	+0.005%	$76.6M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.74	+0.100%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.30	−0.083%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.12	+0.148%	$4.1M	$74.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.37	+0.180%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.10	+0.019%	$133K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.40	+0.057%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.72	+0.098%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	790.40	+0.057%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.17	+0.028%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	790.89	+0.119%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.75	−0.025%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.10	+0.019%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.39	+0.056%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0141%	8h	791.87	+0.244%	$2.9M	$27.9M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	790.60	+0.082%	$104K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0189%	1h	790.34	+0.050%	$160K	$64K	10x	as long as short
BloFin BNB-USDT	+0.0191%	8h	790.95	+0.127%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	790.79	+0.106%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.67	+0.091%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.75	−0.025%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0338%	1h	790.78	+0.105%	$640K	$9K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	790.55	+0.076%	$1.1M	$979K	20x	as long as short
Hibachi BNB/USDT-P	+0.0576%	1h	790.19	+0.030%	$67K	$38K	12x	as long as short