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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+0.0006%/8h= +0.7% APRpaid last 24h +0.012%
Price spread now: Aster against Lighter+0.029%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Long on LighterShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 7 days+0.079%+$8 · spread now +0.029%, 7d avg +0.084%
Together, before fees+0.063%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$6 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: Aster is 0.055% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.084%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB806.680.0096pay 0.0012% / 1h55m 24s$2.8M$4.2M20x
ShortAster BNBUSDT806.910.0102get 0.0102% / 8h1h 55m$6.4M$18.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
$1.33
Price spread: +0.029% → +0.084%
−$5.47
Slippage, 4 orders
−$5.36
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$17.5
Costs to cover
0.134%
Break-even
99.3 days
Slippage from Lighter: live order book, 2 min ago; Aster: live order book, 4 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, 2 min ago0.75 bp2.8 bp −$35.7 bp −$5715.6 bp −$1,56266.7 bp −$33.3K
Sell Aster live order book, 4 min ago0.06 bp4.2 bp −$45.5 bp −$5517.6 bp −$1,764doesn'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%1h806.12−0.069%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.51−0.021%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.83−0.229%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.60−0.134%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.39−0.284%$869K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.17−0.063%$9.8M—150xas long as short
Hibachi BNB/USDT-P+0.0016%1h805.66−0.127%$71K$48K12xas long as short
Variational Omni BNB+0.0044%8h805.28−0.173%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0056%8h805.46−0.151%—$13.3M—as long as short
Bybit BNBUSDT+0.0080%8h805.90−0.097%$139.5M$82.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNBlong+0.0096%1h806.68long leg$2.8M$4.2M20x
Coinbase International BNB-PERP-INTX+0.0096%1h805.76−0.114%$608K$882K50xas long as short
Nado BNB-PERP+0.0100%1h805.57−0.137%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.05−0.078%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.00−0.084%$55.2M$116.3M50xas long as short
Arcus BNB-USD+0.0100%1h806.20−0.060%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.15−0.066%$36.2M$57.0M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.11−0.071%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.99−0.086%$79.1M$24.8M75xas long as short
edgeX BNBUSDC+0.0100%4h804.99−0.210%$4.2M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.61−0.257%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.22−0.057%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.12−0.069%$390K$592K50xas long as short
Derive BNB-PERP+0.0100%1h806.30−0.047%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.55−0.016%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.58−0.013%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h806.18−0.062%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.54−0.017%$79K$19K50xas long as short
Aster BNBUSDTshort+0.0102%8h806.91+0.029%$6.4M$18.8M200x
Extended BNB-USD+0.0104%1h805.67−0.125%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h806.34−0.043%$387K$40K10xas long as short
MEXC BNB_USDT+0.0116%8h807.20+0.064%$84.7M$13.3M200xas long as short
Binance BNBUSDT+0.0117%8h806.87+0.024%$521.0M$805.8M75xas long as short
Hyperliquid BNB+0.0120%1h807.01+0.041%$51.9M$22.0M10xas long as short
Phoenix BNB+0.0125%1h805.95−0.091%$173K$35K10xas long as short
dYdX BNB-USD+0.0133%1h805.79−0.111%$162K$63K10xas long as short
Phemex BNBUSDT+0.0139%8h807.08+0.050%$70.4M$51.9M50xas long as short
SoDEX BNB-USD+0.0202%1h806.20−0.060%$397K$1.0M10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h806.17−0.064%$2.5M$932K50xas long as short
BloFin BNB-USDT+0.0237%8h806.74+0.007%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0273%1h805.26−0.176%$650K$14K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.197%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.14−0.068%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h806.01−0.083%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0352%1h807.11+0.053%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0698%1h806.74+0.007%$3.0M$5.5M40xas long as short