Funding you earn now, next payment 23:00 UTC+0.0297%/8h= +32.6% APRnext payment +$0.37 per $10,000 · paid last 24h +0.070%
Price spread now: Lighter against GMX+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.029% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BNB/USD [WBTC.b-USDC] | 804.85 | L −0.0201% / S +0.0372% | get 0.0025% / 1h | 35m 00s | $48K | — | 200x |
| Short | Lighter BNB | 805.08 | 0.0096 | get 0.0012% / 1h | 35m 00s | $2.8M | $4.2M | 20x |
GMX BNB/USD [WBTC.b-USDC]
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- $62.44
- Price spread: +0.029% → 0.000%
- $2.88
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $53.32
- Costs to cover
- 0.120%
- Break-even
- 1.0 days
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.27 bp | 0.3 bp $0 | 3.5 bp −$35 | 14.0 bp −$1,396 | 69.3 bp −$34.7K |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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]long | L −0.0201% / S +0.0372% | 1h | 804.85 | long leg | $48K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.40 | +0.192% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.32 | +0.182% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.10 | +0.031% | $114K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.76 | +0.113% | $871K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.97 | +0.014% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0041% | 8h | 805.56 | +0.087% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0058% | 8h | 804.88 | +0.003% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 804.00 | −0.106% | $139.4M | $81.3M | 75x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 805.08 | +0.029% | $2.8M | $4.2M | 20x |
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 804.75 | −0.013% | $607K | $881K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 804.35 | −0.063% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.03 | +0.022% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.10 | −0.094% | $55.0M | $115.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.50 | +0.080% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.55 | −0.038% | $36.0M | $57.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.57 | −0.035% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.88 | −0.121% | $79.2M | $25.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.66 | +0.224% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.65 | +0.223% | $162K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.03 | +0.022% | $115K | $873K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.92 | +0.008% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.13 | +0.034% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.50 | +0.080% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.99 | −0.108% | $8.2M | $7.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.38 | +0.065% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.92 | −0.116% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.09 | +0.029% | $387K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0106% | 8h | 804.98 | +0.016% | $6.4M | $18.9M | 200x | as long as short |
| Hibachi BNB/USDT-P | +0.0112% | 1h | 806.23 | +0.172% | $71K | $48K | 12x | as long as short |
| MEXC BNB_USDT | +0.0122% | 8h | 805.90 | +0.130% | $84.7M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0123% | 8h | 804.91 | +0.007% | $519.1M | $807.0M | 75x | as long as short |
| Phemex BNBUSDT | +0.0133% | 8h | 805.50 | +0.080% | $70.3M | $51.8M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 806.28 | +0.177% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0165% | 1h | 804.90 | +0.006% | $396K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 805.39 | +0.067% | $1.6M | $165K | 25x | as long as short |
| dYdX BNB-USD | +0.0201% | 1h | 804.30 | −0.069% | $162K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 804.75 | −0.013% | $2.5M | $939K | 50x | as long as short |
| Hyperliquid BNB | +0.0242% | 1h | 805.47 | +0.077% | $52.1M | $21.9M | 10x | as long as short |
| BloFin BNB-USDT | +0.0243% | 8h | 805.45 | +0.074% | $18.8M | $2.6M | 75x | as long as short |
| Bulk BNB-USD | +0.0295% | 1h | 807.66 | +0.349% | $652K | $14K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.029% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 805.38 | +0.065% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 804.85 | 0.000% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 805.84 | +0.123% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0686% | 1h | 805.80 | +0.118% | $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
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
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Aster BNBUSDT
Hibachi BNB/USDT-P
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
dYdX BNB-USD
Kraken Futures PF_BNBUSD
Hyperliquid BNB
BloFin BNB-USDT
Bulk BNB-USD
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP