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

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.008%
Price spread now: Bybit against Lighter+0.038%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Long on LighterShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 7 days−0.042%−$4 · spread now +0.038%, 7d avg −0.033%
Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.071% dearer against Lighter than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.033%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.047% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB797.320.0096pay 0.0012% / 1h18m 17s$2.8M$4.0M20x
ShortBybit BNBUSDT797.620.0013get 0.0013% / 8h7h 18m$138.5M$76.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$17.38
Price spread: +0.038% → −0.033%
$7.12
Slippage, 4 orders
−$4.15
Fee Lighter: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$25.4
Costs to cover
0.151%
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 1 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 ago0.52 bp1.0 bp −$14.9 bp −$4914.7 bp −$1,47467.9 bp −$33.9K
Sell Bybit live order book, 1 min ago0.63 bp6.1 bp −$68.8 bp −$8823.8 bp −$2,383108.9 bp −$54.4K

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 −0.0159% / S +0.0335%1h797.78+0.058%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.96+0.081%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h797.57+0.032%$4K$23925xas long as short
Gate BNB_USDT−0.0011%8h797.50+0.023%$35.9M$56.8M75xas long as short
BingX BNB-USDT−0.0007%8h797.62+0.038%—$35.0M—as long as short
GRVT BNB_USDT_Perp0.0000%8h798.85+0.193%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.12+0.226%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72+0.050%$4.1M$5.0M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.76+0.056%$9.7M—150xas long as short
Bybit BNBUSDTshort+0.0013%8h797.62+0.038%$138.5M$76.3M75x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0016%8h798.03+0.090%$69.7M$50.2M50xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.975%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.220%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0053%8h797.52+0.026%$6.1M$19.4M200xas long as short
Binance BNBUSDT+0.0075%8h798.23+0.115%$495.6M$811.6M75xas long as short
MEXC BNB_USDT+0.0076%8h798.30+0.123%$83.0M$13.7M200xas long as short
Lighter BNBlong+0.0096%1h797.32long leg$2.8M$4.0M20x
Phoenix BNB+0.0099%1h799.13+0.228%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h796.70−0.077%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h797.18−0.018%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.90+0.073%$54.1M$110.9M50xas long as short
Arcus BNB-USD+0.0100%1h797.40+0.011%$52K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h797.15−0.021%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h797.47+0.019%$78.1M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h798.91+0.199%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.95+0.205%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h797.26−0.007%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.96+0.081%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.11+0.099%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.58+0.158%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.10+0.098%$392K$997K10xas long as short
HTX BNB-USDT+0.0100%8h797.02−0.037%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h797.64+0.041%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h797.64+0.040%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h797.98+0.084%$383K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80+0.061%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h797.23−0.011%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h798.70+0.174%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0196%8h798.72+0.176%$18.1M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h797.74+0.053%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.41+0.137%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0201%1h796.94−0.047%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0272%1h798.92+0.201%$68K$38K12xas long as short
Hyperliquid BNB+0.0295%1h798.27+0.120%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.06−0.032%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0420%1h798.50+0.149%$2.7M$5.7M40xas long as short