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

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: edgeX against Lighter+0.016%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Long on LighterShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 7 days+0.076%+$8 · spread now +0.016%, 7d avg +0.047%
Together, before fees+0.145%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.031% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB804.360.0096pay 0.0012% / 1h31m 11s$2.8M$4.2M20x
ShortedgeX BNBUSDC804.490.0100get 0.0050% / 4h2h 31m$4.2M$76.9M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$0.84
Price spread: +0.016% → +0.047%
−$3.1
Slippage, 4 orders
−$7.2
Fee Lighter: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$18.46
Costs to cover
0.162%
Break-even
160.8 days
Slippage from Lighter: live order book, 6 min ago; edgeX: live order book, 3 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, 6 min ago0.59 bp1.6 bp −$25.0 bp −$5017.1 bp −$1,70668.1 bp −$34.1K
Sell edgeX live order book, 3 min ago2.49 bp7.0 bp −$77.0 bp −$7010.1 bp −$1,014doesn'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 −0.0195% / S +0.0371%1h804.07−0.037%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.19−0.021%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90−0.058%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.50+0.017%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.055%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.10−0.033%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h804.33−0.004%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.216%$4.0M$5.3M—as long as short
BingX BNB-USDC+0.0055%8h804.10−0.033%—$13.3M—as long as short
Bybit BNBUSDT+0.0075%8h803.80−0.070%$139.4M$82.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19−0.021%$609K$878K50xas long as short
Aster BNBUSDT+0.0089%8h804.45+0.011%$6.4M$18.8M200xas long as short
Lighter BNBlong+0.0096%1h804.36long leg$2.8M$4.2M20x
Nado BNB-PERP+0.0100%1h803.49−0.108%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.04−0.040%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.00−0.045%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.10−0.033%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h804.05−0.039%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.97−0.049%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.82−0.067%$79.1M$24.5M75xas long as short
edgeX BNBUSDCshort+0.0100%4h804.49+0.016%$4.2M$76.9M30x
ApeX Omni BNBUSDT+0.0100%1h804.32−0.005%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.09−0.034%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.15−0.026%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h804.28−0.011%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.48+0.014%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.84−0.065%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.48+0.015%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.76−0.075%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.35−0.002%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h805.20+0.104%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.83+0.058%$519.3M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.77+0.051%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93−0.054%$173K$35K10xas long as short
Hyperliquid BNB+0.0156%1h804.77+0.051%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0169%1h804.20−0.020%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.003%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.67+0.039%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.10−0.032%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0226%8h804.88+0.064%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h804.02−0.042%$71K$48K12xas long as short
dYdX BNB-USD+0.0276%1h804.28−0.010%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.69+0.041%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.83−0.066%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.069%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0660%1h805.11+0.093%$3.0M$5.4M40xas long as short