BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.105%

Price spread now: dYdX against Lighter−0.010%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs+$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.481%+$48 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.010%, 7d avg −0.023%

Together, before fees+0.466%+ Points / potential airdropLighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	805.72	0.0096	pay 0.0012% / 1h	25m 37s	$2.8M	$4.2M	20x
Short	dYdX BNB-USD	805.64	0.0264	get 0.0033% / 1h	25m 37s	$170K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee LighterbpFee dYdXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $35.21
Price spread: −0.010% → −0.023%: $1.29
Slippage, 4 orders: −$30.7
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$4.2
Costs to cover: 0.407%
Break-even: 7.8 days

Slippage from Lighter: live order book, 2 min ago; dYdX: live order book, 63 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, 2 min ago	1.00 bp	1.4 bp −$1	4.4 bp −$44	14.2 bp −$1,420	66.0 bp −$33.0K
Sell dYdX live order book, 63 min ago	12.60 bp	19.2 bp −$19	63.6 bp −$636	96.8 bp −$9,684	323.0 bp −$161.5K

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	805.63	−0.010%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.10	−0.077%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.40	−0.039%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.10	+0.048%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.43	−0.160%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.68	−0.004%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.82	+0.012%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	803.71	−0.249%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	805.62	−0.012%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	805.10	−0.077%	$139.6M	$82.5M	75x	as long as short

Show 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	804.80	−0.114%	$609K	$879K	50x	as long as short
Aster BNBUSDT	+0.0094%	8h	806.27	+0.068%	$6.4M	$18.8M	200x	as long as short
Lighter BNBlong	+0.0096%	1h	805.72	long leg	$2.8M	$4.2M	20x
Nado BNB-PERP	+0.0100%	1h	805.20	−0.064%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.78	+0.008%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.30	−0.052%	$55.2M	$115.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.00	+0.035%	$53K	$168K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.35	−0.046%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.28	−0.054%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.10	−0.077%	$79.2M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.49	−0.029%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.60	−0.015%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.39	−0.041%	$119K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.84	+0.015%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.94	+0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.19	+0.059%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.12	−0.074%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.26	+0.068%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.17	−0.068%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.91	+0.024%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0108%	8h	806.40	+0.085%	$84.6M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0110%	8h	806.04	+0.040%	$520.5M	$803.8M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	806.38	+0.082%	$70.4M	$51.8M	50x	as long as short
Phoenix BNB	+0.0125%	1h	804.63	−0.135%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0170%	1h	806.15	+0.054%	$51.8M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0196%	1h	805.80	+0.010%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.171%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.36	+0.080%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.78	+0.008%	$1.1M	$1.5M	20x	as long as short
BloFin BNB-USDT	+0.0229%	8h	805.82	+0.013%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.39	−0.165%	$71K	$48K	12x	as long as short
dYdX BNB-USDshort	+0.0264%	1h	805.64	−0.010%	$170K	$55K	10x
Reya BNBRUSDPERP	+0.0334%	1h	805.21	−0.063%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	806.38	+0.082%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.103%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0652%	1h	806.84	+0.139%	$3.0M	$5.5M	40x	as long as short