BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%

Price spread now: Lighter against Hotstuff+0.062%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Lighter

What this pair did over the last

the charts below follow

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 airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.062% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	802.88	−0.0080	get 0.0010% / 1h	36m 51s	$4K	$1K	25x
Short	Lighter BNB	803.38	0.0096	get 0.0012% / 1h	36m 51s	$2.8M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hotstuff. 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

Position, each leg$Hold fordaysFee HotstuffbpFee LighterbpOrdersPrice spread, now +0.062%Rate

Funding earned: $36.96
Price spread: +0.062% → 0.000%: $6.22
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $38.18
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 6 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	1.13 bp	1.4 bp −$1	3.8 bp −$38	12.5 bp −$1,250	68.1 bp −$34.0K

Hotstuff: 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]	L −0.0195% / S +0.0371%	1h	803.65	+0.096%	$48K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	802.88	long leg	$4K	$1K	25x
GRVT BNB_USDT_Perp	0.0000%	8h	803.28	+0.050%	$3.0M	$29.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.10	+0.152%	$113K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.40	+0.065%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.65	+0.096%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.61	+0.091%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0055%	8h	802.35	−0.066%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0057%	8h	803.18	+0.037%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0078%	8h	802.60	−0.035%	$139.2M	$82.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.138%	$608K	$878K	50x	as long as short
Aster BNBUSDT	+0.0088%	8h	803.81	+0.116%	$6.4M	$18.8M	200x	as long as short
Lighter BNBshort	+0.0096%	1h	803.38	+0.062%	$2.8M	$4.2M	20x
Nado BNB-PERP	+0.0100%	1h	803.55	+0.084%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.83	+0.118%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.90	+0.002%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.90	+0.127%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.00	+0.015%	$35.9M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.42	+0.067%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.74	−0.017%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.02	+0.018%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.43	+0.069%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.69	+0.101%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.74	+0.107%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.80	+0.114%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.34	+0.182%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.10	+0.152%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.04	+0.020%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.44	+0.195%	$79K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0103%	8h	804.10	+0.152%	$84.4M	$13.6M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.92	+0.004%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.89	+0.126%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0104%	8h	803.72	+0.105%	$518.4M	$803.0M	75x	as long as short
Phemex BNBUSDT	+0.0122%	8h	804.15	+0.158%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.30	+0.052%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0127%	1h	803.70	+0.102%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0147%	1h	803.72	+0.105%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	+0.091%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.04	+0.145%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0223%	8h	804.26	+0.172%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.90	+0.002%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0263%	1h	803.57	+0.086%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	804.66	+0.222%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.45	+0.071%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.254%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0675%	1h	804.57	+0.210%	$3.0M	$5.3M	40x	as long as short