Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.023%
Price spread now: Lighter against GRVT+0.041%48s7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$120.120% of the position
Long on GRVTShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 7 days−0.130%−$13 · spread now +0.041%, 7d avg −0.096%
Together, before fees−0.177%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.138% dearer against GRVT than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.096%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT BNB_USDT_Perp806.210get 0.0000% / 8h1h 42m$3.0M$29.2M10x
ShortLighter BNB806.540.0096get 0.0012% / 1h42m 44s$2.8M$4.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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

Funding earned
$20.16
Price spread: +0.041% → −0.096%
$13.79
Slippage, 4 orders
−$3.05
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
$21.9
Costs to cover
0.120%
Break-even
from the start
Slippage from GRVT: 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
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 1 min ago0.06 bp4.9 bp −$56.8 bp −$6822.5 bp −$2,246doesn't fit
Sell Lighter live order book, 5 min ago0.71 bp0.7 bp −$13.6 bp −$3613.9 bp −$1,39472.0 bp −$36.0K

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.65−0.068%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.36+0.019%$4K$1K25xas long as short
GRVT BNB_USDT_Perplong0.0000%8h806.21long leg$3.0M$29.2M10x
Kalshi KXBNBPERP0.0000%8h806.30+0.012%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.76−0.055%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.73−0.059%$9.8M—150xas long as short
Variational Omni BNB+0.0048%8h804.97−0.153%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0059%8h806.44+0.029%—$34.5M—as long as short
Hibachi BNB/USDT-P+0.0080%1h805.82−0.048%$71K$48K12xas long as short
Bybit BNBUSDT+0.0083%8h806.10−0.013%$139.6M$81.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNBshort+0.0096%1h806.54+0.041%$2.8M$4.2M20x
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.083%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h805.67−0.066%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.62+0.052%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.30+0.012%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h806.80+0.074%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.30+0.012%$36.1M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.20−0.001%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.11−0.012%$78.8M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.31+0.012%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.49+0.035%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.87−0.042%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.67−0.067%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h805.82−0.048%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.36+0.018%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.84−0.045%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.01+0.099%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.03−0.022%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h805.85−0.044%$387K$40K10xas long as short
Aster BNBUSDT+0.0105%8h807.03+0.102%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0120%8h807.00+0.098%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0121%8h807.05+0.104%$521.3M$803.5M75xas long as short
Phemex BNBUSDT+0.0131%8h806.42+0.026%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h806.22+0.002%$173K$35K10xas long as short
SoDEX BNB-USD+0.0177%1h805.80−0.050%$396K$1.0M10xas long as short
Hyperliquid BNB+0.0193%1h807.21+0.124%$52.0M$22.1M10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.74−0.058%$2.5M$929K50xas long as short
dYdX BNB-USD+0.0205%1h805.84−0.046%$162K$63K10xas long as short
BloFin BNB-USDT+0.0241%8h806.53+0.040%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0274%1h805.55−0.081%$651K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.12−0.011%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.139%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.17−0.004%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h805.52−0.085%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0352%1h806.80+0.074%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0715%1h806.97+0.095%$3.0M$5.5M40xas long as short