Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Coinbase International+0.280%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs+$4as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.280%, 7d avg +0.038%
=Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.242% dearer against Coinbase International than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BNB-PERP-INTX | 800.72 | 0.0072 | pay 0.0009% / 1h | 54m 44s | $607K | $998K | 50x |
| Short | Lighter BNB | 802.96 | 0.0096 | get 0.0012% / 1h | 54m 44s | $2.8M | $4.1M | 20x |
Coinbase International BNB-PERP-INTX
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $5.04
- Price spread: +0.280% → +0.038%
- $24.21
- Slippage, 4 orders
- −$10.23
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.02
- Costs to cover
- 0.202%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 24 min ago; Lighter: live order book, 8 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 Coinbase International live order book, 24 min ago | 3.62 bp | 9.0 bp −$9 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.65 bp | 0.6 bp −$1 | 3.4 bp −$34 | 13.9 bp −$1,389 | 66.4 bp −$33.2K |
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 −0.0201% / S +0.0372% | 1h | 802.44 | +0.215% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.80 | +0.260% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 802.45 | +0.216% | $2.6M | $969K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 802.50 | +0.222% | $3.0M | $28.2M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.15 | +0.303% | $868K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.46 | +0.218% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0031% | 8h | 801.64 | +0.115% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0053% | 8h | 802.67 | +0.244% | — | $34.8M | — | as long as short |
| Bybit BNBUSDT | +0.0066% | 8h | 802.20 | +0.185% | $139.4M | $78.6M | 75x | as long as short |
| Coinbase International BNB-PERP-INTXlong | +0.0072% | 1h | 800.72 | long leg | $607K | $998K | 50x |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNBshort | +0.0096% | 1h | 802.96 | +0.280% | $2.8M | $4.1M | 20x | |
| Nado BNB-PERP | +0.0100% | 1h | 802.10 | +0.172% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.62 | +0.237% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.30 | +0.197% | $54.8M | $113.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.80 | +0.260% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.40 | +0.210% | $35.8M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.36 | +0.205% | $28.1M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.34 | +0.202% | $79.6M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 802.60 | +0.235% | $4.2M | $77.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 802.61 | +0.236% | $162K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.39 | +0.209% | $119K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.52 | +0.225% | $388K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 802.72 | +0.249% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 802.97 | +0.281% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.22 | +0.187% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.98 | +0.282% | $78K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0103% | 8h | 803.37 | +0.331% | $6.4M | $18.9M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.19 | +0.184% | $1.9M | $6.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 802.87 | +0.268% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0115% | 8h | 803.02 | +0.287% | $70.2M | $51.1M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0117% | 8h | 802.60 | +0.235% | $109K | $2.9M | 4.8x | as long as short |
| MEXC BNB_USDT | +0.0122% | 8h | 803.60 | +0.360% | $83.6M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0124% | 8h | 803.27 | +0.318% | $502.5M | $818.3M | 75x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 802.36 | +0.205% | $172K | $36K | 10x | as long as short |
| SoDEX BNB-USD | +0.0223% | 1h | 802.60 | +0.235% | $395K | $1.0M | 10x | as long as short |
| BloFin BNB-USDT | +0.0243% | 8h | 803.22 | +0.312% | $18.2M | $2.6M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 802.25 | +0.191% | $71K | $48K | 12x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 802.58 | +0.233% | $1.1M | $1.4M | 20x | as long as short |
| Backpack BNB_USDC_PERP | +0.0272% | 1h | 803.33 | +0.326% | $2.7M | $5.7M | 40x | as long as short |
| Bulk BNB-USD | +0.0289% | 1h | 801.15 | +0.054% | $651K | $20K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 803.01 | +0.285% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.546% | $19K | $789K | 30x | as long as short |
| Hyperliquid BNB | +0.0325% | 1h | 803.43 | +0.339% | $52.0M | $21.3M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 802.03 | +0.164% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0432% | 1h | 803.41 | +0.336% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0497% | 1h | 802.23 | +0.189% | $162K | $62K | 10x | as long as short |
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
SoDEX BNB-USD
BloFin BNB-USDT
Hibachi BNB/USDT-P
RISEx BNB/USDC
Backpack BNB_USDC_PERP
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
Hyperliquid BNB
Reya BNBRUSDPERP
01 Exchange BNBUSD
dYdX BNB-USD