Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Gate+0.059%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now +0.059%, 7d avg +0.016%
=Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · farm board−$7 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 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BNB_USDT | 805.30 | 0.0100 | pay 0.0100% / 8h | 1h 50m | $36.2M | $57.2M | 75x |
| Short | Lighter BNB | 805.78 | 0.0096 | get 0.0012% / 1h | 50m 27s | $2.8M | $4.2M | 20x |
Gate BNB_USDT
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$0.84
- Price spread: +0.059% → +0.016%
- $4.33
- Slippage, 4 orders
- −$9.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.89
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 2 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 Gate live order book, 3 min ago | 0.31 bp | 11.1 bp −$11 | 13.7 bp −$137 | 27.1 bp −$2,711 | 54.3 bp −$27.2K |
| Sell Lighter live order book, 2 min ago | 1.12 bp | 1.3 bp −$1 | 4.4 bp −$44 | 14.2 bp −$1,423 | 68.3 bp −$34.2K |
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 −0.0195% / S +0.0371% | 1h | 804.97 | −0.042% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.98 | +0.084% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.78 | +0.184% | $3.0M | $29.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.60 | +0.037% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.94 | −0.045% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.01 | −0.037% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 805.28 | −0.002% | $4.1M | $5.3M | — | as long as short |
| Hibachi BNB/USDT-P | +0.0048% | 1h | 805.11 | −0.024% | $71K | $48K | 12x | as long as short |
| BingX BNB-USDT | +0.0057% | 8h | 805.50 | +0.025% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 804.80 | −0.062% | $139.3M | $81.9M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Hibachi BNB/USDT-P
BingX BNB-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNBshort | +0.0096% | 1h | 805.78 | +0.059% | $2.8M | $4.2M | 20x | |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.76 | +0.057% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.05 | −0.031% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.54 | +0.030% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.00 | −0.037% | $55.1M | $116.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.70 | +0.050% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDTlong | +0.0100% | 8h | 805.30 | long leg | $36.2M | $57.2M | 75x | |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.35 | +0.006% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.00 | −0.037% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.71 | +0.051% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.60 | +0.037% | $162K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.08 | −0.027% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.98 | −0.040% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.26 | −0.005% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.23 | −0.009% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.83 | −0.058% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.18 | +0.109% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0102% | 8h | 806.04 | +0.092% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.02 | −0.035% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.08 | −0.028% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0117% | 8h | 806.50 | +0.149% | $84.6M | $13.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 805.74 | +0.055% | $520.6M | $805.4M | 75x | as long as short |
| Phemex BNBUSDT | +0.0137% | 8h | 805.59 | +0.036% | $70.3M | $51.9M | 50x | as long as short |
| Hyperliquid BNB | +0.0148% | 1h | 805.81 | +0.063% | $51.8M | $22.0M | 10x | as long as short |
| SoDEX BNB-USD | +0.0151% | 1h | 805.00 | −0.037% | $396K | $1.0M | 10x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 805.39 | +0.011% | $173K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0173% | 1h | 805.13 | −0.021% | $162K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.12 | −0.023% | $2.5M | $932K | 50x | as long as short |
| BloFin BNB-USDT | +0.0238% | 8h | 805.41 | +0.014% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | +0.031% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 805.48 | +0.022% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.026% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 805.65 | +0.044% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 804.78 | −0.065% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 806.17 | +0.108% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0713% | 1h | 806.03 | +0.091% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
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
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Hyperliquid BNB
SoDEX BNB-USD
Phoenix BNB
dYdX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP