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

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.008%
Price spread now: Arcus against Lighter+0.018%7-day average +0.078% · 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−$29as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Long on LighterShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.070%+$7 on $10k
Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.018%, 7d avg +0.078%
Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 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: Arcus is 0.060% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB806.060.0096pay 0.0012% / 1h43m 06s$2.8M$4.2M20x
ShortArcus BNB-USD806.200.0100get 0.0013% / 1h43m 06s$53K$170K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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
$0.84
Price spread: +0.018% → +0.078%
−$6.02
Slippage, 4 orders
−$18.86
Fee Lighter: 0 bp × 2 orders
$0
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$28.54
Costs to cover
0.234%
Break-even
244.9 days
Slippage from Lighter: live order book, 4 min ago; Arcus: live order book, 40 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 Lighter live order book, 4 min ago0.71 bp1.8 bp −$25.6 bp −$5615.8 bp −$1,58568.0 bp −$34.0K
Sell Arcus live order book, 40 min ago6.20 bp11.2 bp −$1123.2 bp −$232doesn't fitdoesn't fit

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%1h805.65−0.050%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.36+0.038%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.21+0.019%$3.0M$29.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.30+0.030%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.76−0.037%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.73−0.041%$9.8M—150xas long as short
Variational Omni BNB+0.0048%8h804.97−0.134%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0059%8h805.99−0.008%—$13.3M—as long as short
Hibachi BNB/USDT-P+0.0080%1h805.82−0.030%$71K$48K12xas long as short
Bybit BNBUSDT+0.0083%8h805.80−0.032%$139.6M$81.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNBlong+0.0096%1h806.06long leg$2.8M$4.2M20x
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.064%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h805.67−0.048%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.17+0.014%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.20+0.018%$55.1M$116.0M50xas long as short
Arcus BNB-USDshort+0.0100%1h806.20+0.018%$53K$170K10x
Gate BNB_USDT+0.0100%8h805.80−0.032%$36.1M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.80−0.032%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.03−0.003%$78.8M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.31+0.031%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.49+0.054%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.87−0.023%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.67−0.048%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h805.82−0.029%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.36+0.037%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.84−0.026%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.52+0.057%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.03−0.003%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h805.85−0.025%$387K$40K10xas long as short
Aster BNBUSDT+0.0105%8h806.57+0.064%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0120%8h806.70+0.080%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0121%8h806.73+0.084%$521.1M$803.5M75xas long as short
Phemex BNBUSDT+0.0131%8h806.42+0.045%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h806.22+0.020%$173K$35K10xas long as short
SoDEX BNB-USD+0.0177%1h805.80−0.032%$396K$1.0M10xas long as short
Hyperliquid BNB+0.0189%1h806.85+0.099%$51.9M$22.1M10xas long as short
dYdX BNB-USD+0.0203%1h805.84−0.027%$162K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.74−0.039%$2.5M$929K50xas long as short
BloFin BNB-USDT+0.0241%8h806.53+0.059%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0274%1h805.55−0.063%$651K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.12+0.008%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.120%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.17+0.015%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h805.52−0.066%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0352%1h806.80+0.092%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0715%1h806.97+0.113%$3.0M$5.5M40xas long as short