Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.026%
Price spread now: Lighter against gTrade (Gains Network)+0.026%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2722.720% of the position
Funding, last 3 days (all we have)+0.084%+$8 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.026%, 7d avg +0.022%
=Together, before fees+0.023%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BNB/USD | 788.77 | L +0.0008% / S −0.0007% | pay 0.0001% / 1h | 37m 01s | $9.6M | — | 150x |
| Short | Lighter BNB | 788.98 | 0.0096 | get 0.0012% / 1h | 37m 01s | $2.7M | $3.9M | 20x |
gTrade (Gains Network) BNB/USD
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $18.58
- Price spread: +0.026% → +0.022%
- $0.42
- Slippage, 4 orders
- −$262
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$253
- Costs to cover
- 2.720%
- Break-even
- 102.3 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Lighter: live order book, 10 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.00 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2253.7 bp −$1.13M |
| Sell Lighter live order book, 10 min ago | 0.74 bp | 0.7 bp −$1 | 4.9 bp −$49 | 14.1 bp −$1,415 | 69.8 bp −$34.9K |
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 −0.0167% / S +0.0335% | 1h | 788.75 | −0.002% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.57 | −0.025% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.05 | +0.036% | $853K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDlong | L +0.0008% / S −0.0007% | 1h | 788.77 | long leg | $9.6M | — | 150x | |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.069% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0043% | 8h | 789.35 | +0.074% | $6.3M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 789.09 | +0.041% | $618K | $1.8M | 50x | as long as short |
| BingX BNB-USDC | +0.0057% | 8h | 788.87 | +0.013% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0068% | 8h | 789.35 | +0.074% | $69.1M | $51.0M | 50x | as long as short |
| MEXC BNB_USDT | +0.0074% | 8h | 789.60 | +0.106% | $80.3M | $12.4M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
Injective BNB/USDC PERP
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0075% | 8h | 789.32 | +0.070% | $493.5M | $805.1M | 75x | as long as short |
| Variational Omni BNB | +0.0086% | 8h | 787.60 | −0.148% | $4.1M | $4.6M | — | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 788.64 | −0.016% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 788.98 | +0.026% | $2.7M | $3.9M | 20x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.79 | +0.003% | $265K | $497K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.80 | +0.004% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.40 | +0.080% | $51.7M | $18.1M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.55 | −0.028% | $1.2M | $908K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.61 | −0.020% | $138.7M | $77.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.60 | −0.021% | $53.5M | $112.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.60 | −0.021% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.65 | −0.015% | $35.3M | $56.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.55 | −0.028% | $27.7M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.69 | −0.010% | $76.9M | $30.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.20 | +0.055% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.57 | −0.025% | $4.1M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.03 | +0.033% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.76 | −0.001% | $135K | $948K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.03 | +0.033% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.89 | +0.015% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.04 | +0.035% | $8.1M | $9.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0103% | 8h | 789.15 | +0.048% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.29 | −0.061% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.86 | +0.012% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 788.63 | −0.017% | $169K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0136% | 8h | 789.15 | +0.049% | $2.9M | $28.2M | 10x | as long as short |
| SoDEX BNB-USD | +0.0141% | 1h | 788.80 | +0.004% | $388K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0187% | 8h | 788.90 | +0.017% | $96K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0195% | 8h | 789.53 | +0.097% | $18.2M | $2.3M | 75x | as long as short |
| dYdX BNB-USD | +0.0237% | 1h | 788.16 | −0.077% | $159K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 789.04 | +0.035% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 788.60 | −0.022% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 788.79 | +0.002% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USD | +0.0373% | 1h | 788.05 | −0.090% | $638K | $13K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 789.24 | +0.060% | $1.5M | $147K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0584% | 1h | 788.66 | −0.014% | $67K | $38K | 12x | as long as short |
Binance BNBUSDT
Variational Omni BNB
Kraken Futures PF_BNBUSD
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
SoDEX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P