Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against edgeX−0.060%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.060%, 7d avg −0.045%

Together, before fees−0.079%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	799.52	0.0100	pay 0.0050% / 4h	3h 13m	$4.2M	$76.9M	30x
Short	Lighter BNB	799.04	0.0096	get 0.0012% / 1h	13m 10s	$2.8M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$0.84
Price spread: −0.060% → −0.045%: −$1.44
Slippage, 4 orders: −$6.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.62
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Lighter: live order book, 4 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 edgeX live order book, 1 min ago	2.50 bp	7.0 bp −$7	7.0 bp −$70	11.7 bp −$1,171	doesn't fit
Sell Lighter live order book, 4 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	799.02	−0.063%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.95	−0.072%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.50	−0.003%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.73	+0.026%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.28	+0.095%	$865K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.137%	$4.1M	$5.0M	—	as long as short
Gate BNB_USDT	+0.0007%	8h	798.60	−0.116%	$35.9M	$56.9M	75x	as long as short
BingX BNB-USDC	+0.0007%	8h	799.00	−0.065%	—	$13.3M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.11	−0.052%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.696%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0040%	8h	799.58	+0.007%	$69.8M	$50.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	−0.057%	$615K	$1.1M	50x	as long as short
Bybit BNBUSDT	+0.0052%	8h	798.70	−0.103%	$138.7M	$76.2M	75x	as long as short
Aster BNBUSDT	+0.0053%	8h	799.61	+0.011%	$6.1M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0074%	8h	799.70	+0.022%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0074%	8h	799.42	−0.013%	$496.6M	$810.9M	75x	as long as short
Lighter BNBshort	+0.0096%	1h	799.04	−0.060%	$2.8M	$4.0M	20x
Phoenix BNB	+0.0099%	1h	800.04	+0.065%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.15	−0.047%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.58	+0.007%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.60	−0.116%	$54.2M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.50	−0.003%	$53K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.62	−0.113%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.71	−0.102%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	799.52	long leg	$4.2M	$76.9M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	−0.019%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.92	−0.075%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.16	−0.045%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.21	−0.039%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.67	+0.018%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.10	−0.053%	$393K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.64	−0.111%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.93	+0.050%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.78	−0.093%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.12	−0.050%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.216%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.20	−0.041%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0161%	8h	799.60	+0.010%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0194%	8h	799.67	+0.018%	$18.1M	$2.5M	75x	as long as short
dYdX BNB-USD	+0.0195%	1h	799.16	−0.045%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.42	−0.013%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0291%	1h	799.33	−0.024%	$53.1M	$20.3M	10x	as long as short
Hibachi BNB/USDT-P	+0.0296%	1h	799.40	−0.015%	$68K	$38K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.53	0.000%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.71	−0.102%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0429%	1h	799.68	+0.020%	$2.7M	$5.7M	40x	as long as short