BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against Derive−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	798.67	0.0100	pay 0.0013% / 1h	7m 22s	$32K	$5K	10x
Short	Lighter BNB	798.51	0.0096	get 0.0012% / 1h	7m 22s	$2.8M	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Derive. 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 DerivebpFee LighterbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.84
Price spread: −0.020% → 0.000%: −$1.99
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.83
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.70 bp	0.9 bp −$1	2.9 bp −$29	12.8 bp −$1,277	69.8 bp −$34.9K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	798.23	−0.055%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.65	−0.002%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.47	−0.024%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.60	−0.008%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.90	+0.029%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.26	−0.051%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.53	−0.142%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0033%	8h	798.22	−0.056%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0037%	8h	797.90	−0.096%	$138.4M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.14	−0.066%	$601K	$984K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0080%	8h	798.52	−0.018%	$6.2M	$19.2M	200x	as long as short
Lighter BNBshort	+0.0096%	1h	798.51	−0.020%	$2.8M	$4.1M	20x
Phemex BNBUSDT	+0.0097%	8h	799.03	+0.046%	$69.9M	$50.6M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.84	−0.104%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.55	−0.015%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.00	−0.083%	$54.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	−0.021%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.90	−0.096%	$35.7M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.95	−0.090%	$27.9M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.88	−0.098%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.68	+0.002%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.23	+0.071%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.92	−0.093%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.08	−0.073%	$386K	$494K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	798.67	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	799.08	+0.051%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.80	+0.017%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.97	+0.038%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.43	−0.030%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.95	+0.035%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0101%	8h	799.00	+0.042%	$83.0M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0101%	8h	798.67	+0.001%	$497.5M	$817.9M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	797.74	−0.115%	$1.7M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.73	+0.008%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.58	−0.011%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0145%	8h	799.00	+0.042%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	798.62	−0.006%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	+0.020%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0223%	8h	798.84	+0.022%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0235%	1h	798.95	+0.036%	$52.4M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.16	−0.063%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	798.68	+0.002%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.804%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.87	−0.100%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0335%	1h	798.04	−0.079%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0343%	1h	799.36	+0.087%	$2.7M	$5.7M	40x	as long as short