Funding you earn now, next payment 22:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.059%
Price spread now: Bulk against Lighter+0.045%7-day average +0.076% · 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−$14as in the Price arb table
costs, in and out, $10k−$110.109% of the position
Funding, last 3 days (all we have)+0.226%+$23 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.045%, 7d avg +0.076%
=Together, before fees+0.232%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.031% cheaper against Lighter than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.076%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.226% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 803.24 | 0.0096 | pay 0.0012% / 1h | 38m 03s | $2.8M | $4.2M | 20x |
| Short | Bulk BNB-USD | 803.61 | 0.0194 | get 0.0024% / 1h | 38m 03s | $649K | $11K | 10x |
Lighter BNB
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $20.5
- Price spread: +0.045% → +0.076%
- −$3.05
- Slippage, 4 orders
- −$3.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $6.55
- Costs to cover
- 0.109%
- Break-even
- 4.8 days
Slippage from Lighter: live order book, 4 min ago; Bulk: live order book, 51 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 | 1.8 bp −$2 | 6.4 bp −$64 | 15.7 bp −$1,566 | 67.8 bp −$33.9K |
| Sell Bulk live order book, 51 min ago | 0.31 bp | 3.9 bp −$4 | 4.8 bp −$48 | 10.1 bp −$1,012 | 20.1 bp −$10.0K |
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 | 803.00 | −0.031% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.88 | −0.045% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.28 | +0.005% | $3.0M | $29.7M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.70 | +0.057% | $113K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.58 | +0.042% | $868K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.03 | −0.027% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.11 | −0.017% | $2.5M | $908K | 50x | as long as short |
| Variational Omni BNB | +0.0055% | 8h | 802.35 | −0.111% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0062% | 8h | 803.35 | +0.013% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0080% | 8h | 803.00 | −0.030% | $138.8M | $82.5M | 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-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0086% | 8h | 803.58 | +0.041% | $6.4M | $18.8M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.093% | $608K | $878K | 50x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 803.24 | long leg | $2.8M | $4.2M | 20x | |
| Nado BNB-PERP | +0.0100% | 1h | 802.34 | −0.113% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.67 | −0.072% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.50 | +0.032% | $55.1M | $115.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.80 | −0.055% | $52K | $161K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 803.00 | −0.030% | $35.9M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.79 | −0.057% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.37 | +0.016% | $79.0M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.51 | +0.033% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.43 | +0.023% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.58 | −0.083% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.07 | −0.022% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.17 | −0.010% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.69 | +0.056% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.55 | −0.086% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.23 | −0.002% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0103% | 8h | 804.20 | +0.119% | $84.4M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0103% | 8h | 804.13 | +0.110% | $518.6M | $803.2M | 75x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.31 | +0.009% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.28 | +0.004% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0121% | 8h | 803.69 | +0.055% | $70.1M | $51.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0124% | 1h | 803.10 | −0.018% | $395K | $1.0M | 10x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.50 | +0.032% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0151% | 1h | 803.76 | +0.064% | $51.6M | $21.3M | 10x | as long as short |
| Bulk BNB-USDshort | +0.0194% | 1h | 803.61 | +0.045% | $649K | $11K | 10x | |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 803.56 | +0.039% | $1.6M | $165K | 25x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 802.93 | −0.039% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0223% | 8h | 802.88 | −0.045% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 802.85 | −0.049% | $71K | $49K | 12x | as long as short |
| dYdX BNB-USD | +0.0259% | 1h | 802.24 | −0.125% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 803.37 | +0.016% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 802.56 | −0.085% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.209% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0678% | 1h | 804.17 | +0.115% | $3.0M | $5.3M | 40x | as long as short |
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
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
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Binance BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
SoDEX BNB-USD
Phoenix BNB
Hyperliquid BNB
Deribit BNB_USDC-PERPETUAL
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