BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Aevo+0.004%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.352%+$35 · spread now +0.004%, 7d avg +0.012%

Together, before fees+0.274%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	804.63	0.0104	pay 0.0013% / 1h	26m 50s	$387K	$40K	10x
Short	Lighter BNB	804.66	0.0096	get 0.0012% / 1h	26m 50s	$2.8M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$1.68
Price spread: +0.004% → +0.012%: −$0.81
Slippage, 4 orders: −$12.06
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$30.55
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Aevo: live order book, 2 min ago; Lighter: live order book, 6 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 Aevo live order book, 2 min ago	3.11 bp	14.7 bp −$15	21.1 bp −$211	23.6 bp −$2,355	doesn't fit
Sell Lighter live order book, 6 min ago	0.00 bp	0.1 bp $0	4.2 bp −$42	15.5 bp −$1,548	72.5 bp −$36.3K

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 −0.0195% / S +0.0371%	1h	804.28	−0.044%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.46	−0.022%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.93	+0.036%	$3.0M	$29.9M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.80	+0.021%	$117K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.27	−0.045%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	804.35	−0.035%	$9.8M	—	150x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	805.24	+0.075%	$609K	$903K	50x	as long as short
Variational Omni BNB	+0.0070%	8h	805.74	+0.137%	$4.1M	$5.5M	—	as long as short
Aster BNBUSDT	+0.0091%	8h	805.06	+0.053%	$6.3M	$18.9M	200x	as long as short
Binance BNBUSDT	+0.0095%	8h	805.36	+0.090%	$519.4M	$808.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0095%	8h	805.90	+0.157%	$84.5M	$15.1M	200x	as long as short
Lighter BNBshort	+0.0096%	1h	804.66	+0.004%	$2.8M	$4.2M	20x
Nado BNB-PERP	+0.0100%	1h	804.25	−0.048%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.41	−0.027%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	804.39	−0.030%	$139.1M	$83.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	−0.017%	$55.1M	$115.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.70	+0.008%	$52K	$222K	10x	as long as short
Bulk BNB-USD	+0.0100%	1h	806.70	+0.257%	$652K	$11K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.50	−0.017%	$36.0M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.40	−0.029%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.42	−0.027%	$78.9M	$24.6M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	805.11	+0.059%	—	$13.3M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.19	+0.070%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.95	+0.039%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.20	−0.054%	$118K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.45	−0.023%	$389K	$596K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.52	−0.015%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.63	0.000%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	804.50	−0.017%	$396K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.00	−0.079%	$8.2M	$7.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.21	+0.071%	$79K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0100%	8h	805.04	+0.051%	$70.3M	$51.5M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.39	−0.030%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	804.63	long leg	$387K	$40K	10x
Phoenix BNB	+0.0110%	1h	806.46	+0.227%	$173K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0131%	1h	804.65	+0.002%	$2.5M	$915K	50x	as long as short
RISEx BNB/USDC	+0.0143%	1h	804.71	+0.010%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0157%	1h	800.33	−0.535%	$19K	$423K	30x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.91	+0.035%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0215%	8h	805.18	+0.068%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	804.65	+0.002%	$71K	$49K	12x	as long as short
Hyperliquid BNB	+0.0242%	1h	805.46	+0.103%	$51.7M	$21.6M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	805.27	+0.079%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0336%	1h	804.04	−0.074%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0414%	1h	804.23	−0.050%	$170K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0633%	1h	805.67	+0.129%	$3.0M	$5.3M	40x	as long as short