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

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: Coinbase International against Lighter−0.014%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Long on LighterShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 3 days (all we have)−0.122%−$12 · spread now −0.014%, 7d avg −0.039%
Together, before fees−0.169%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.025% dearer against Lighter than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.039%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB798.250.0096pay 0.0012% / 1h5m 36s$2.8M$4.1M20x
ShortCoinbase International BNB-PERP-INTX798.140.0072get 0.0009% / 1h5m 36s$601K$984K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$5.04
Price spread: −0.014% → −0.039%
$2.48
Slippage, 4 orders
−$8.79
Fee Lighter: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$21.34
Costs to cover
0.188%
Break-even
never at this rate
Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 8 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, 7 min ago0.70 bp0.7 bp −$13.8 bp −$3814.5 bp −$1,45366.4 bp −$33.2K
Sell Coinbase International live order book, 8 min ago2.63 bp7.6 bp −$812.4 bp −$124doesn't fitdoesn'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 −0.0201% / S +0.0372%1h797.87−0.048%$47K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.55+0.038%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h797.97−0.035%$2.5M$975K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.60+0.045%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.74+0.061%$863K$2.9M30xas long as short
Variational Omni BNB+0.0007%8h797.54−0.089%$4.1M$5.4M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.93−0.040%$9.7M—150xas long as short
BingX BNB-USDC+0.0030%8h797.99−0.032%—$13.3M—as long as short
Bybit BNBUSDT+0.0037%8h797.70−0.069%$138.4M$76.9M75xas long as short
Coinbase International BNB-PERP-INTXshort+0.0072%1h798.14−0.014%$601K$984K50x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0078%8h798.41+0.020%$6.2M$19.2M200xas long as short
Lighter BNBlong+0.0096%1h798.25long leg$2.8M$4.1M20x
Phemex BNBUSDT+0.0098%8h798.44+0.024%$69.8M$50.6M50xas long as short
Binance BNBUSDT+0.0099%8h798.51+0.033%$497.4M$817.9M75xas long as short
Nado BNB-PERP+0.0100%1h797.90−0.044%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.19−0.007%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.80−0.056%$54.3M$112.5M50xas long as short
Arcus BNB-USD+0.0100%1h798.50+0.031%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h797.75−0.063%$35.7M$58.6M75xas long as short
MEXC BNB_USDT+0.0100%8h798.90+0.082%$83.0M$13.6M200xas long as short
KuCoin BNBUSDTM+0.0100%8h797.91−0.042%$27.9M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h797.85−0.050%$79.0M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.68+0.054%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.23+0.123%$161K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.05−0.025%$116K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.78−0.059%$385K$494K50xas long as short
Derive BNB-PERP+0.0100%1h797.97−0.035%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.38+0.016%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.10−0.019%$392K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.27+0.002%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.43+0.023%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.79+0.067%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.69−0.070%$1.7M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h797.98−0.033%$383K$40K10xas long as short
Phoenix BNB+0.0127%1h798.58+0.041%$172K$36K10xas long as short
Kalshi KXBNBPERP+0.0148%8h798.80+0.069%$90K$2.9M4.8xas long as short
Hibachi BNB/USDT-P+0.0160%1h798.62+0.046%$70K$43K12xas long as short
Bulk BNB-USD+0.0191%1h798.83+0.072%$649K$17K10xas long as short
BloFin BNB-USDT+0.0221%8h798.81+0.070%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0241%1h798.88+0.079%$52.4M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h798.32+0.009%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0264%1h798.79+0.068%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.857%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h797.57−0.085%$6K$3K40xas long as short
dYdX BNB-USD+0.0333%1h798.04−0.027%$161K$63K10xas long as short
Backpack BNB_USDC_PERP+0.0343%1h798.86+0.077%$2.7M$5.7M40xas long as short