Funding you earn now, next payment 01:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.103%
Price spread now: Lighter against dYdX−0.047%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days−0.481%−$48 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.047%, 7d avg +0.022%
=Together, before fees−0.410%+ Points / potential airdropLighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.068% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 799.16 | 0.0191 | pay 0.0024% / 1h | 12m 06s | $161K | $63K | 10x |
| Short | Lighter BNB | 798.79 | 0.0096 | get 0.0012% / 1h | 12m 06s | $2.8M | $4.0M | 20x |
dYdX BNB-USD
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- −$20.04
- Price spread: −0.047% → +0.022%
- −$6.84
- Slippage, 4 orders
- −$29.08
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$65.96
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 62 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy dYdX live order book, 62 min ago | 9.69 bp | 16.2 bp −$16 | 22.8 bp −$228 | 30.3 bp −$3,031 | 97.5 bp −$48.7K |
| Sell Lighter live order book, 5 min ago | 0.59 bp | 0.6 bp −$1 | 3.6 bp −$36 | 13.7 bp −$1,371 | 67.6 bp −$33.8K |
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 −0.0159% / S +0.0335% | 1h | 798.61 | −0.069% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.59 | −0.072% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.06 | −0.013% | $4K | $239 | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.73 | +0.071% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.92 | +0.095% | $864K | $2.9M | 30x | as long as short |
| Gate BNB_USDT | +0.0004% | 8h | 798.15 | −0.127% | $35.9M | $57.0M | 75x | as long as short |
| Variational Omni BNB | +0.0005% | 8h | 798.43 | −0.092% | $4.1M | $5.0M | — | as long as short |
| BingX BNB-USDC | +0.0007% | 8h | 798.65 | −0.064% | — | $13.3M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.62 | −0.068% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDT | +0.0025% | 8h | 799.10 | −0.008% | $69.8M | $50.1M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Gate BNB_USDT
Variational Omni BNB
BingX BNB-USDC
gTrade (Gains Network) BNB/USD
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.742% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | −0.012% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0052% | 8h | 799.15 | −0.002% | $6.1M | $19.4M | 200x | as long as short |
| Bybit BNBUSDT | +0.0061% | 8h | 798.30 | −0.108% | $138.6M | $76.1M | 75x | as long as short |
| MEXC BNB_USDT | +0.0074% | 8h | 799.20 | +0.004% | $83.1M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0074% | 8h | 798.93 | −0.029% | $496.3M | $809.9M | 75x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 798.79 | −0.047% | $2.8M | $4.0M | 20x | |
| Phoenix BNB | +0.0099% | 1h | 800.04 | +0.110% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.60 | −0.071% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.07 | −0.012% | $1.2M | $937K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.30 | −0.108% | $54.2M | $110.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.90 | −0.033% | $53K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.40 | −0.096% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.37 | −0.099% | $78.2M | $28.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.52 | +0.045% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.37 | +0.026% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.64 | −0.066% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.56 | −0.076% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.69 | −0.059% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.17 | 0.000% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.70 | −0.058% | $393K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.49 | −0.085% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.39 | +0.028% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.22 | −0.118% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.64 | −0.066% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0138% | 1h | 797.80 | −0.171% | $648K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.73 | −0.054% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0162% | 8h | 799.20 | +0.004% | $90K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USDlong | +0.0191% | 1h | 799.16 | long leg | $161K | $63K | 10x | |
| BloFin BNB-USDT | +0.0194% | 8h | 799.67 | +0.063% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 799.04 | −0.016% | $28K | $1K | 10x | as long as short |
| Hyperliquid BNB | +0.0289% | 1h | 799.14 | −0.003% | $53.1M | $20.3M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 799.04 | −0.016% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0312% | 1h | 799.36 | +0.024% | $68K | $38K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.21 | −0.119% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0429% | 1h | 799.22 | +0.007% | $2.7M | $5.7M | 40x | as long as short |
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Bybit BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Hyperliquid BNB
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP