Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter against Extended+0.092%7-day average +0.056% · 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−$6as in the Price arb table
costs, in and out, $10k−$100.097% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.092%, 7d avg +0.056%
=Together, before fees−0.161%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$16 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 0.036% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 798.60 | 0.0104 | pay 0.0013% / 1h | 3m 00s | $1.8M | $6.6M | 50x |
| Short | Lighter BNB | 799.34 | 0.0096 | get 0.0012% / 1h | 3m 00s | $2.8M | $4.1M | 20x |
Extended BNB-USD
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.092% → +0.056%
- $3.64
- Slippage, 4 orders
- −$4.68
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.72
- Costs to cover
- 0.097%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago | 0.06 bp | 4.8 bp −$5 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.62 bp | 1.1 bp −$1 | 4.3 bp −$43 | 14.1 bp −$1,412 | 70.1 bp −$35.1K |
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 | 799.10 | +0.063% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.45 | +0.106% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 799.16 | +0.070% | $2.5M | $975K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.72 | +0.015% | $3.0M | $27.7M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.91 | +0.164% | $864K | $2.9M | 30x | as long as short |
| Variational Omni BNB | +0.0007% | 8h | 797.54 | −0.132% | $4.1M | $5.4M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.20 | +0.076% | $9.7M | — | 150x | as long as short |
| BingX BNB-USDT | +0.0030% | 8h | 799.11 | +0.064% | — | $35.2M | — | as long as short |
| Bybit BNBUSDT | +0.0038% | 8h | 798.80 | +0.025% | $138.7M | $77.0M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 798.68 | +0.010% | $602K | $986K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
BingX BNB-USDT
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0078% | 8h | 799.59 | +0.124% | $6.2M | $19.2M | 200x | as long as short |
| Phemex BNBUSDT | +0.0094% | 8h | 799.57 | +0.121% | $69.9M | $50.6M | 50x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 799.34 | +0.092% | $2.8M | $4.1M | 20x | |
| MEXC BNB_USDT | +0.0099% | 8h | 799.70 | +0.138% | $83.1M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0099% | 8h | 799.37 | +0.097% | $497.6M | $818.2M | 75x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.95 | +0.044% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.38 | +0.098% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.80 | +0.025% | $54.4M | $112.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.40 | +0.100% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 798.65 | +0.006% | $35.7M | $58.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.90 | +0.038% | $28.0M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.79 | +0.024% | $78.9M | $27.7M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.64 | +0.005% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.21 | +0.076% | $161K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.16 | +0.070% | $116K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.04 | +0.055% | $386K | $494K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.23 | +0.079% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.79 | +0.148% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.30 | +0.088% | $393K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 799.56 | +0.120% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.54 | +0.118% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.80 | +0.151% | $78K | $19K | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 798.60 | long leg | $1.8M | $6.6M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 799.23 | +0.078% | $384K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 798.37 | −0.029% | $172K | $36K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0152% | 1h | 799.44 | +0.105% | $70K | $43K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0153% | 8h | 799.70 | +0.138% | $90K | $2.9M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0191% | 1h | 798.83 | +0.028% | $649K | $17K | 10x | as long as short |
| BloFin BNB-USDT | +0.0219% | 8h | 799.70 | +0.138% | $18.1M | $2.5M | 75x | as long as short |
| Hyperliquid BNB | +0.0246% | 1h | 799.85 | +0.156% | $52.5M | $20.8M | 10x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 799.24 | +0.080% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 799.73 | +0.141% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.813% | $19K | $789K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0328% | 1h | 799.43 | +0.104% | $2.7M | $5.7M | 40x | as long as short |
| dYdX BNB-USD | +0.0329% | 1h | 798.88 | +0.035% | $161K | $63K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 798.92 | +0.040% | $6K | $3K | 40x | as long as short |
Aster BNBUSDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
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
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Phoenix BNB
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
Bulk BNB-USD
BloFin BNB-USDT
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP
dYdX BNB-USD
Reya BNBRUSDPERP