Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.012%
Price spread now: Binance against Lighter+0.058%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now +0.058%, 7d avg +0.083%
=Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 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: Binance is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 803.25 | 0.0096 | pay 0.0012% / 1h | 35m 53s | $2.8M | $4.2M | 20x |
| Short | Binance BNBUSDT | 803.72 | 0.0104 | get 0.0104% / 8h | 2h 35m | $518.4M | $803.0M | 75x |
Lighter BNB
Binance BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $1.74
- Price spread: +0.058% → +0.083%
- −$2.45
- Slippage, 4 orders
- −$3.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.5
- Costs to cover
- 0.138%
- Break-even
- 65.4 days
Slippage from Lighter: live order book, 7 min ago; Binance: live order book, 8 min ago.
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 Lighter live order book, 7 min ago | 1.13 bp | 1.8 bp −$2 | 6.4 bp −$64 | 15.7 bp −$1,566 | 67.8 bp −$33.9K |
| Sell Binance live order book, 8 min ago | 0.06 bp | 5.1 bp −$5 | 6.2 bp −$62 | 14.8 bp −$1,482 | 38.9 bp −$19.5K |
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 | 802.98 | −0.034% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.88 | −0.046% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.28 | +0.004% | $3.0M | $29.7M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.60 | +0.043% | $111K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.92 | +0.083% | $869K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.99 | −0.033% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.13 | −0.015% | $2.5M | $908K | 50x | as long as short |
| Variational Omni BNB | +0.0055% | 8h | 802.35 | −0.112% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0062% | 8h | 803.25 | 0.000% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0078% | 8h | 802.73 | −0.065% | $139.2M | $82.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.092% | $608K | $878K | 50x | as long as short |
| Aster BNBUSDT | +0.0088% | 8h | 803.80 | +0.068% | $6.4M | $18.8M | 200x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 803.25 | long leg | $2.8M | $4.2M | 20x | |
| Nado BNB-PERP | +0.0100% | 1h | 802.81 | −0.055% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 803.35 | +0.012% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.10 | −0.019% | $55.1M | $115.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.40 | +0.018% | $52K | $161K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.85 | −0.050% | $35.9M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.93 | −0.040% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.94 | −0.039% | $79.0M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.02 | −0.029% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.43 | +0.022% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.05 | −0.025% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.04 | −0.027% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.09 | −0.020% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.59 | +0.042% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 803.49 | +0.029% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.29 | +0.005% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.87 | +0.077% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0103% | 8h | 804.10 | +0.105% | $84.4M | $13.6M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.72 | −0.066% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.19 | −0.007% | $386K | $40K | 10x | as long as short |
| Binance BNBUSDTshort | +0.0104% | 8h | 803.72 | +0.058% | $518.4M | $803.0M | 75x | |
| Phemex BNBUSDT | +0.0125% | 8h | 803.65 | +0.049% | $70.1M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.30 | +0.006% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0129% | 1h | 803.10 | −0.019% | $395K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0146% | 1h | 803.75 | +0.062% | $51.6M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0194% | 1h | 803.61 | +0.044% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 803.47 | +0.027% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0223% | 8h | 804.26 | +0.125% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 803.74 | +0.060% | $71K | $48K | 12x | as long as short |
| dYdX BNB-USD | +0.0263% | 1h | 803.57 | +0.039% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 803.93 | +0.084% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 802.82 | −0.054% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.207% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0669% | 1h | 804.06 | +0.100% | $3.0M | $5.4M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
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
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
Hyperliquid BNB
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP