Funding you earn now, next payment 10:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.013%
Price spread now: Nado against BingX+0.112%7-day average +0.004% · 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−$6as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Funding, last 4 days (all we have)+0.052%+$5 on $10k
+Price spread, last 7 days−0.108%−$11 · spread now +0.112%, 7d avg +0.004%
=Together, before fees−0.056%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.108% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTC-USDT | 85,682.9 | 0.0028 | pay 0.0028% / 8h | 6h 54m | — | $1.46B | — |
| Short | Nado BTC-PERP | 85,779.1 | 0.0100 | get 0.0012% / 1h | 54m 51s | $21.5M | $211.4M | 50x |
BingX BTC-USDT
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against BingX. 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
- $15.12
- Price spread: +0.112% → +0.004%
- $10.77
- Slippage, 4 orders
- −$0.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $8.65
- Costs to cover
- 0.172%
- Break-even
- 3.0 days
Slippage from BingX: live order book, 9 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 BingX live order book, 9 min ago | 0.02 bp | 5.1 bp −$5 | 5.2 bp −$52 | 5.3 bp −$527 | 5.8 bp −$2,875 |
| Sell Nado live order book, 4 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.6 bp −$462 | 12.6 bp −$6,291 |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1762% | 1h | 85,815.5 | +0.155% | $194K | $646K | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0269% | 1h | 86,028.8 | +0.404% | $136.9M | $301.6M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,806 | +0.144% | $8K | $2K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0065% | 1h | 86,063 | +0.444% | $301K | $25.3M | 52x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,745.1 | +0.073% | $357K | $2.1M | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,727.7 | +0.052% | $420.3M | $621.0M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,799.4 | +0.136% | $16.8M | $17.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,207.1 | +0.612% | $36.9M | — | 200x | as long as short |
| SoDEX BTC-USD | +0.0005% | 1h | 85,746 | +0.074% | $60.0M | $257.8M | 40x | as long as short |
| BingX BTC-USDTlong | +0.0028% | 8h | 85,682.9 | long leg | — | $1.46B | — |
Bluefin BTC-PERP
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
Injective BTC/USDC PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
SoDEX BTC-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTCUSDT | +0.0034% | 8h | 85,661.6 | −0.025% | $5.05B | $9.05B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0036% | 8h | 85,695.6 | +0.015% | $917.0M | $662.4M | 125x | as long as short |
| Aster BTCUSDT | +0.0046% | 8h | 85,680.7 | −0.003% | $501.6M | $966.9M | 200x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 86,147 | +0.542% | $2.2M | $8.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0081% | 1h | 85,686.9 | +0.005% | $36.6M | $188.9M | 75x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,674.6 | −0.010% | $170.7M | $872.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,744 | +0.071% | $23.1M | $121.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,744 | +0.071% | $8.4M | $52.3M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,751.9 | +0.081% | $2.4M | $6.7M | 20x | as long as short |
| Bullet BTC-USD | +0.0099% | 1h | 85,789.5 | +0.124% | $203K | $3.3M | 20x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,811 | +0.150% | $6.0M | $8.6M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,710 | +0.032% | $229K | $8.2M | 50x | as long as short |
| Nado BTC-PERPshort | +0.0100% | 1h | 85,779.1 | +0.112% | $21.5M | $211.4M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,753 | +0.082% | $3.83B | $4.70B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,805 | +0.142% | $40.5M | $587.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,683.3 | 0.000% | $9.43B | $23.12B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,660.5 | −0.026% | $2.59B | $10.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,766 | +0.097% | $4.0M | $16.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,790.5 | +0.126% | $4.7M | $93.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,686.1 | +0.004% | $5.44B | $9.07B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,707 | +0.028% | $5.10B | $5.29B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,658.5 | −0.028% | $2.96B | $4.55B | 150x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,961.3 | +0.325% | $156.3M | $509.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,993.4 | +0.362% | $289.8M | $982.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,060.9 | +0.441% | $216.3M | $140.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,016.9 | +0.390% | $30.3M | $213.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,892.5 | +0.245% | — | $10.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,767 | +0.098% | $11.0M | $13.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,779 | +0.112% | $2.6M | $9.4M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,781.6 | +0.115% | $3.2M | $7.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,725 | +0.049% | $2.26B | $910.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,749.7 | +0.078% | $166.8M | $494.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,993 | +0.362% | $711.2M | $175.6M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 85,757.7 | +0.087% | $187.6M | $862.8M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,674.4 | −0.010% | $46.3M | $219.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,996 | +0.365% | — | $93.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,786 | +0.120% | $112.2M | $5.21B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0155% | 1h | 85,759 | +0.089% | $6.6M | $131.8M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0181% | 8h | 85,806 | +0.144% | $10.4M | $729.1M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0183% | 1h | 85,783.4 | +0.117% | $13.1M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 85,804.7 | +0.142% | $8.9M | $40.1M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0248% | 1h | 85,838.1 | +0.181% | $837.8M | $1.62B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0280% | 1h | 86,055.9 | +0.435% | $689K | $7.4M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0415% | 1h | 86,089.9 | +0.475% | $80K | $253K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,786.3 | +0.121% | $487K | $16.4M | 6.7x | as long as short |
Bybit BTCUSDT
KuCoin XBTUSDTM
Aster BTCUSDT
Phoenix BTC
Backpack BTC_USDC_PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bullet BTC-USD
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Kraken Futures PF_XBTUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC