Funding you earn now, next payment 09:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.040%
Price spread now: BloFin against Lighter+0.001%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.001%, 7d avg +0.061%
=Together, before fees+0.257%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.061% cheaper against Lighter than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.061%). If the spread goes back, that is −$6 on $10k: about 2.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 785.51 | 0.0096 | pay 0.0012% / 1h | 58m 47s | $2.7M | $3.6M | 20x |
| Short | BloFin BNB-USDT | 785.51 | 0.0166 | get 0.0166% / 8h | 7h 58m | $17.7M | $2.2M | 75x |
Lighter BNB
BloFin BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $14.67
- Price spread: +0.001% → +0.061%
- −$6.05
- Slippage, 4 orders
- −$3.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$7.17
- Costs to cover
- 0.158%
- Break-even
- 10.4 days
Slippage from Lighter: live order book, 4 min ago; BloFin: live order book, 10 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, 4 min ago | 1.13 bp | 2.1 bp −$2 | 5.0 bp −$50 | 15.9 bp −$1,586 | 71.0 bp −$35.5K |
| Sell BloFin live order book, 10 min ago | 0.13 bp | 6.1 bp −$6 | 6.7 bp −$67 | 11.4 bp −$1,140 | doesn't fit |
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 −0.0168% / S +0.0337% | 1h | 784.86 | −0.082% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.32 | −0.024% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 785.05 | −0.058% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.56 | +0.007% | $847K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.93 | −0.073% | $9.5M | — | 150x | as long as short |
| dYdX BNB-USD | +0.0024% | 1h | 784.99 | −0.066% | $159K | $62K | 10x | as long as short |
| Aster BNBUSDT | +0.0030% | 8h | 785.90 | +0.050% | $6.0M | $18.6M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.493% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0038% | 8h | 785.34 | −0.021% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0045% | 8h | 786.80 | +0.165% | $81.2M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
gTrade (Gains Network) BNB/USD
dYdX BNB-USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0046% | 8h | 785.91 | +0.051% | $488.9M | $812.7M | 75x | as long as short |
| Phemex BNBUSDT | +0.0083% | 8h | 785.56 | +0.007% | $68.5M | $51.0M | 50x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 785.51 | long leg | $2.7M | $3.6M | 20x | |
| Phoenix BNB | +0.0100% | 1h | 784.80 | −0.090% | $158K | $26K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.90 | −0.077% | $1.3M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.00 | +0.063% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 785.59 | +0.011% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.30 | −0.026% | $138.2M | $73.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.20 | −0.039% | $53.4M | $111.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.20 | −0.039% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.35 | −0.020% | $38.7M | $55.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.04 | −0.059% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.07 | −0.055% | $75.3M | $32.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.57 | +0.008% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 784.64 | −0.110% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 784.86 | −0.082% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.47 | −0.132% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.77 | −0.094% | $131K | $942K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.95 | −0.071% | $264K | $358K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.98 | −0.067% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.39 | −0.015% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 785.10 | −0.052% | $386K | $955K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 785.25 | −0.033% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.01 | +0.065% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.96 | −0.070% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.86 | −0.082% | $377K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0105% | 8h | 785.40 | −0.013% | $170K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 784.97 | −0.068% | $548K | $1.9M | 50x | as long as short |
| BloFin BNB-USDTshort | +0.0166% | 8h | 785.51 | +0.001% | $17.7M | $2.2M | 75x | |
| 01 Exchange BNBUSD | +0.0208% | 1h | 785.49 | −0.002% | $28K | $3K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0215% | 8h | 785.49 | −0.002% | $2.9M | $27.5M | 10x | as long as short |
| Bulk BNB-USD | +0.0237% | 1h | 785.14 | −0.047% | $636K | $831 | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 785.35 | −0.019% | $1.5M | $141K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0320% | 1h | 784.73 | −0.099% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 785.32 | −0.024% | $1.1M | $921K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0432% | 1h | 784.85 | −0.084% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
01 Exchange BNBUSD
GRVT BNB_USDT_Perp
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P