Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Paradex−0.089%7-day average −0.081% · 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−$220.221% of the position

Long on Paradex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.089%, 7d avg −0.081%

Together, before fees+0.010%+ Points / potential airdropParadex: Active · Nado: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	787.72	0.0100	pay 0.0100% / 8h	5h 47m	$78K	$521K	50x
Short	Nado BNB-PERP	787.02	0.0100	get 0.0012% / 1h	47m 42s	$1.4M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.081%: −$0.84
Slippage, 4 orders: −$11.08
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$22.92
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from Paradex: live order book, 64 min ago; Nado: live order book, 4 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 Paradex live order book, 64 min ago	5.47 bp	7.5 bp −$7	120.2 bp −$1,202	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.06 bp	3.6 bp −$4	8.1 bp −$81	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	787.27	−0.057%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.37	−0.044%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.047%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.94	+0.028%	$5.9M	$17.0M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.73	+0.001%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.80	+0.010%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.17	+0.057%	$850K	$2.9M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.69	−0.004%	$1.5M	$157K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.21	−0.065%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0014%	8h	789.00	+0.162%	$83.3M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0015%	8h	787.97	+0.032%	$481.6M	$762.9M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.205%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0036%	8h	787.01	−0.090%	$138.5M	$65.8M	75x	as long as short
BloFin BNB-USDT	+0.0059%	8h	787.98	+0.033%	$18.4M	$2.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.49	−0.029%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERPshort	+0.0100%	1h	787.02	−0.089%	$1.4M	$2.4M	20x
Hyperliquid BNB	+0.0100%	1h	787.94	+0.028%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.46	−0.034%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.079%	$53.3M	$101.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	−0.041%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−0.060%	$41.2M	$53.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.24	−0.061%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.07	−0.083%	$75.8M	$30.9M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.33	−0.050%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.78	+0.007%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.35	−0.174%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.36	−0.046%	$4.1M	$74.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.20	−0.066%	$158K	$445K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.20	−0.066%	$130K	$904K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.38	−0.043%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.75	+0.004%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	−0.028%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.20	−0.066%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	787.72	long leg	$78K	$521K	50x
Phemex BNBUSDT	+0.0102%	8h	788.02	+0.038%	$68.5M	$51.1M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.85	−0.110%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.20	−0.066%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	787.72	0.000%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.48	−0.031%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.71	−0.001%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.047%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.56	−0.147%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.34	−0.048%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.58	−0.018%	$1.1M	$900K	20x	as long as short
dYdX BNB-USD	+0.1177%	1h	787.47	−0.031%	$158K	$34K	10x	as long as short