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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: Nado against StandX−0.131%7-day average −0.097% · 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−$31as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Long on StandXShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.102%+$10 on $10k
Price spread, last 7 days+0.031%+$3 · spread now −0.131%, 7d avg −0.097%
Together, before fees+0.133%+ Points / potential airdropStandX: Active · Nado: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.034% cheaper against StandX than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.097%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BNB-USD788.280get 0.0000% / 1h49m 09s$850K$3.1M30x
ShortNado BNB-PERP787.250.0100get 0.0012% / 1h49m 09s$1.4M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against StandX. 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

Funding earned
$21
Price spread: −0.131% → −0.097%
−$3.37
Slippage, 4 orders
−$12.4
Fee StandX: 4 bp × 2 orders
−$8
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$9.78
Costs to cover
0.274%
Break-even
10.3 days
Slippage from StandX: live order book, 5 min ago; Nado: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 5 min ago4.70 bp9.1 bp −$912.5 bp −$125doesn't fitdoesn't fit
Sell Nado live order book, 5 min ago0.06 bp3.6 bp −$48.9 bp −$89doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h787.26−0.129%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.53−0.095%$4K$4225xas long as short
StandX BNB-USDlong0.0000%1h788.28long leg$850K$3.1M30x
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.28−0.126%$9.5M—150xas long as short
Aster BNBUSDT+0.0028%8h787.94−0.043%$6.1M$19.0M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.132%$19K$789K30xas long as short
BingX BNB-USDC+0.0037%8h787.27−0.128%—$13.4M—as long as short
MEXC BNB_USDT+0.0050%8h788.20−0.010%$79.9M$11.8M200xas long as short
Binance BNBUSDT+0.0051%8h787.87−0.052%$490.8M$804.7M75xas long as short
Phemex BNBUSDT+0.0053%8h787.86−0.053%$68.9M$50.7M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h787.29−0.126%$2.5M$1.2M50xas long as short
dYdX BNB-USD+0.0071%1h787.06−0.155%$159K$61K10xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.46−0.104%$578K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.48−0.101%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.33−0.121%$265K$490K50xas long as short
Nado BNB-PERPshort+0.0100%1h787.25−0.131%$1.4M$2.7M20x
Hyperliquid BNB+0.0100%1h787.83−0.057%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h787.49−0.100%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.21−0.136%$138.3M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.20−0.137%$53.4M$111.9M50xas long as short
Arcus BNB-USD+0.0100%1h787.40−0.112%$52K$134K10xas long as short
Gate BNB_USDT+0.0100%8h787.25−0.131%$36.1M$57.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.03−0.159%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h786.99−0.164%$76.2M$30.7M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.69−0.075%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.11−0.148%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h787.81−0.059%$4.1M$74.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.86−0.053%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.25−0.131%$132K$953K10xas long as short
Derive BNB-PERP+0.0100%1h787.50−0.099%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.93−0.044%$12K$1.5M50xas long as short
HTX BNB-USDT+0.0100%8h787.13−0.145%$8.1M$9.8M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.70−0.073%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.04−0.158%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.37−0.116%$378K$110K10xas long as short
Phoenix BNB+0.0107%1h787.34−0.119%$169K$35K10xas long as short
SoDEX BNB-USD+0.0119%1h787.50−0.099%$387K$997K10xas long as short
Kalshi KXBNBPERP+0.0131%8h787.70−0.074%$122K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0171%8h787.95−0.042%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0198%8h788.06−0.028%$2.9M$29.2M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.78−0.064%$1.5M$143K25xas long as short
Bulk BNB-USD+0.0260%1h788.17−0.014%$639K$10K10xas long as short
01 Exchange BNBUSD+0.0320%1h787.92−0.046%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0324%1h787.10−0.149%$6K$3K40xas long as short
RISEx BNB/USDC+0.0432%1h787.58−0.089%$1.1M$908K20xas long as short
Hibachi BNB/USDT-P+0.0448%1h787.74−0.069%$67K$39K12xas long as short