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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.008%
Price spread now: Lighter against Arcus−0.032%7-day average −0.078% · 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−$19as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Long on ArcusShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.070%−$7 on $10k
Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.032%, 7d avg −0.078%
Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · farm board−$11 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: Lighter is 0.046% dearer against Arcus than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BNB-USD806.800.0100pay 0.0013% / 1h42m 29s$53K$170K10x
ShortLighter BNB806.540.0096get 0.0012% / 1h42m 29s$2.8M$4.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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
−$0.84
Price spread: −0.032% → −0.078%
$4.61
Slippage, 4 orders
−$18.86
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Lighter: 0 bp × 2 orders
$0
Net
−$19.59
Costs to cover
0.234%
Break-even
never at this rate
Slippage from Arcus: live order book, 41 min ago; Lighter: 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 Arcus live order book, 41 min ago6.20 bp9.6 bp −$1024.6 bp −$246doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.71 bp0.7 bp −$13.6 bp −$3613.9 bp −$1,39472.0 bp −$36.0K

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 −0.0195% / S +0.0371%1h805.65−0.142%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.43−0.046%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.21−0.074%$3.0M$29.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.30−0.062%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.76−0.129%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.73−0.133%$9.8M—150xas long as short
Variational Omni BNB+0.0048%8h804.97−0.226%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0059%8h806.05−0.093%—$13.3M—as long as short
Hibachi BNB/USDT-P+0.0080%1h805.86−0.116%$71K$48K12xas long as short
Bybit BNBUSDT+0.0083%8h806.26−0.067%$139.7M$81.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNBshort+0.0096%1h806.54−0.032%$2.8M$4.2M20x
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.156%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h806.45−0.043%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.62−0.022%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.40−0.050%$55.1M$116.0M50xas long as short
Arcus BNB-USDlong+0.0100%1h806.80long leg$53K$170K10x
Gate BNB_USDT+0.0100%8h806.15−0.081%$36.1M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.20−0.074%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.46−0.042%$78.8M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.31−0.061%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.49−0.038%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.65−0.019%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.67−0.140%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h805.82−0.121%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.36−0.055%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.84−0.119%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.01+0.025%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.03−0.096%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h805.85−0.117%$387K$40K10xas long as short
Aster BNBUSDT+0.0105%8h807.04+0.030%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0120%8h807.00+0.025%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0121%8h807.41+0.076%$521.6M$803.5M75xas long as short
Phemex BNBUSDT+0.0131%8h806.42−0.047%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h806.22−0.072%$173K$35K10xas long as short
SoDEX BNB-USD+0.0177%1h805.80−0.124%$396K$1.0M10xas long as short
Hyperliquid BNB+0.0193%1h807.21+0.051%$52.0M$22.1M10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.74−0.131%$2.5M$929K50xas long as short
dYdX BNB-USD+0.0205%1h805.84−0.119%$162K$63K10xas long as short
BloFin BNB-USDT+0.0241%8h806.53−0.033%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0274%1h805.55−0.155%$651K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.12−0.084%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.212%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.89+0.012%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h806.42−0.047%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0352%1h807.43+0.078%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0715%1h806.97+0.021%$3.0M$5.5M40xas long as short