Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.006%
Price spread now: Nado against Phoenix−0.150%57s7-day average −0.108% · 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—prices read too far apart to compare
costs, in and out, $10k−$320.322% of the position
Funding, last 3 days (all we have)−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.150%, 7d avg −0.108%
=Together, before fees−0.043%+ Points / potential airdropNado: Active · farm board−$4 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: Nado is 0.042% cheaper against Phoenix than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.108%. 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 | Phoenix BNB | 785.73 | 0.0107 | pay 0.0013% / 1h | 30m 04s | $169K | $35K | 10x |
| Short | Nado BNB-PERP | 784.55 | 0.0100 | get 0.0012% / 1h | 30m 04s | $1.4M | $2.7M | 20x |
Phoenix BNB
Nado BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.39
- Price spread: −0.150% → −0.108%
- −$4.22
- Slippage, 4 orders
- −$18.24
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$37.86
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 11 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 Phoenix live order book, 11 min ago | 1.02 bp | 12.4 bp −$12 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.06 bp | 3.7 bp −$4 | 7.2 bp −$72 | 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 | 784.59 | −0.145% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.20 | −0.067% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.03 | −0.089% | $847K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.68 | −0.134% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0029% | 8h | 785.28 | −0.058% | $6.1M | $18.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.464% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0041% | 8h | 784.60 | −0.144% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0049% | 8h | 785.30 | −0.055% | $68.7M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0052% | 8h | 785.70 | −0.004% | $79.6M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0053% | 8h | 785.41 | −0.041% | $489.2M | $809.4M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 784.70 | −0.131% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 784.32 | −0.179% | $577K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.94 | −0.100% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.73 | −0.127% | $264K | $489K | 50x | as long as short |
| Nado BNB-PERPshort | +0.0100% | 1h | 784.55 | −0.150% | $1.4M | $2.7M | 20x | |
| Hyperliquid BNB | +0.0100% | 1h | 785.24 | −0.062% | $51.5M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.89 | −0.107% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.60 | −0.144% | $137.9M | $74.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.60 | −0.144% | $53.3M | $112.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.80 | −0.118% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.70 | −0.131% | $36.3M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.43 | −0.165% | $27.5M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.48 | −0.159% | $76.0M | $30.9M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.18 | −0.070% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 784.13 | −0.204% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.38 | −0.045% | $4.1M | $75.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 785.10 | −0.080% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.63 | −0.140% | $131K | $954K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.87 | −0.110% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.53 | −0.026% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.80 | −0.118% | $386K | $994K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.36 | −0.174% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.97 | −0.096% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.44 | −0.164% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.97 | −0.097% | $377K | $110K | 10x | as long as short |
| Phoenix BNBlong | +0.0107% | 1h | 785.73 | long leg | $169K | $35K | 10x | |
| dYdX BNB-USD | +0.0127% | 1h | 784.34 | −0.177% | $159K | $61K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0139% | 8h | 785.00 | −0.093% | $147K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0173% | 8h | 784.93 | −0.102% | $17.6M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0205% | 8h | 785.51 | −0.028% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 785.44 | −0.037% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 785.69 | −0.005% | $637K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 784.56 | −0.149% | $6K | $3K | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 785.19 | −0.068% | $1.5M | $143K | 25x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 784.99 | −0.094% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0488% | 1h | 785.21 | −0.066% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
Hibachi BNB/USDT-P