Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Nado−0.054%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−$23as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.054%, 7d avg −0.013%

Together, before fees+0.031%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.041% cheaper against Nado than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	787.22	0.0100	pay 0.0012% / 1h	28m 55s	$1.4M	$2.7M	20x
Short	OKX BNB-USDT-SWAP	786.80	0.0100	get 0.0100% / 8h	1h 28m	$53.5M	$113.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.013%: −$4.08
Slippage, 4 orders: −$1.99
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.07
Costs to cover: 0.190%
Break-even: 2370123307427544.5 days

Slippage from Nado: live order book, 5 min ago; OKX: 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	3.6 bp −$4	9.0 bp −$90	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.64 bp	5.6 bp −$6	6.7 bp −$67	24.0 bp −$2,404	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 −0.0170% / S +0.0337%	1h	786.45	−0.098%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.67	+0.057%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.37	+0.019%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.52	−0.089%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.270%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0051%	8h	787.72	+0.064%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0051%	8h	787.19	−0.004%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0064%	8h	788.10	+0.111%	$81.1M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	787.57	+0.045%	$490.7M	$816.8M	75x	as long as short
dYdX BNB-USD	+0.0073%	1h	786.36	−0.110%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0078%	8h	787.82	+0.076%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.67	+0.057%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.35	+0.016%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	787.22	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	787.59	+0.047%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.59	+0.047%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.90	−0.041%	$138.5M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	786.80	−0.054%	$53.5M	$113.1M	50x
Arcus BNB-USD	+0.0100%	1h	787.80	+0.073%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.05	−0.022%	$37.5M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.73	−0.063%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.84	−0.049%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.46	+0.030%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−0.141%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.82	−0.051%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.63	−0.075%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.32	+0.012%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.27	+0.006%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.151%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.76	+0.068%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	+0.023%	$387K	$982K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.73	+0.065%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.25	+0.131%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.66	−0.071%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.28	+0.007%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.26	−0.122%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	787.80	+0.073%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	787.65	+0.054%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.64	+0.053%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	787.14	−0.011%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.15	−0.009%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	788.00	+0.099%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	+0.009%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.91	−0.040%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.84	−0.049%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	786.61	−0.078%	$67K	$39K	12x	as long as short