BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%

Price spread now: Phoenix against Nado+0.085%57s7-day average +0.109% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.319% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.085%, 7d avg +0.109%

Together, before fees+0.114%+ Points / potential airdropNado: Active · farm board+$11 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: Phoenix is 0.024% cheaper against Nado than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.109%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	787.55	0.0100	pay 0.0012% / 1h	23m 38s	$1.5M	$2.6M	20x
Short	Phoenix BNB	788.22	0.0092	get 0.0012% / 1h	23m 38s	$169K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$1.64
Price spread: +0.085% → +0.109%: −$2.41
Slippage, 4 orders: −$17.95
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$36
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Phoenix: live order book, 23 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	7.8 bp −$78	doesn't fit	doesn't fit
Sell Phoenix live order book, 23 min ago	1.01 bp	12.4 bp −$12	43.2 bp −$432	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 −0.0192% / S +0.0356%	1h	787.88	+0.042%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.75	+0.025%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.00	+0.057%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.52	+0.123%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.82	+0.034%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	788.33	+0.099%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.227%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0040%	8h	787.97	+0.053%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0044%	8h	788.32	+0.098%	$491.5M	$798.1M	75x	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.80	+0.159%	$80.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0046%	8h	788.33	+0.099%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.43	−0.015%	$581K	$1.9M	50x	as long as short
Phoenix BNBshort	+0.0092%	1h	788.22	+0.085%	$169K	$35K	10x
dYdX BNB-USD	+0.0095%	1h	787.88	+0.042%	$159K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.95	+0.051%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.87	+0.041%	$265K	$492K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	787.55	long leg	$1.5M	$2.6M	20x
Hyperliquid BNB	+0.0100%	1h	788.43	+0.112%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.09	+0.069%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.70	+0.019%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.70	+0.019%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	+0.057%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.70	+0.019%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.53	−0.003%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.43	−0.015%	$76.2M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.23	+0.086%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.006%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.21	+0.084%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.40	+0.108%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.65	+0.013%	$130K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.98	+0.054%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.41	+0.109%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	+0.057%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.93	+0.049%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.15	+0.076%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.43	−0.015%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.90	+0.045%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	788.20	+0.083%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0165%	8h	788.29	+0.094%	$18.0M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.73	+0.150%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.093%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.31	+0.097%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.37	+0.104%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.44	−0.015%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.01	+0.059%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.13	+0.073%	$1.1M	$893K	20x	as long as short