BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Extended against Lighter−0.072%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$90.086% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.072%, 7d avg −0.056%

Together, before fees+0.141%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	799.38	0.0096	pay 0.0012% / 1h	3m 46s	$2.8M	$4.1M	20x
Short	Extended BNB-USD	798.80	0.0104	get 0.0013% / 1h	3m 46s	$1.8M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.072%Rate

Funding earned: $1.68
Price spread: −0.072% → −0.056%: −$1.62
Slippage, 4 orders: −$3.56
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.5
Costs to cover: 0.086%
Break-even: 42.4 days

Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 5 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	0.62 bp	0.8 bp −$1	3.1 bp −$31	14.1 bp −$1,410	67.5 bp −$33.8K
Sell Extended live order book, 5 min ago	0.06 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit

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 −0.0201% / S +0.0372%	1h	799.27	−0.014%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.29	−0.011%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.27	−0.013%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.60	−0.097%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.91	−0.058%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.230%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.36	−0.003%	$9.7M	—	150x	as long as short
BingX BNB-USDC	+0.0030%	8h	799.16	−0.027%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0038%	8h	799.00	−0.047%	$138.7M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.087%	$602K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0078%	8h	799.79	+0.051%	$6.2M	$19.2M	200x	as long as short
Phemex BNBUSDT	+0.0094%	8h	799.74	+0.045%	$69.9M	$50.6M	50x	as long as short
Lighter BNBlong	+0.0096%	1h	799.38	long leg	$2.8M	$4.1M	20x
MEXC BNB_USDT	+0.0099%	8h	800.00	+0.078%	$83.1M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0099%	8h	799.69	+0.039%	$497.8M	$818.3M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.00	−0.047%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.38	0.000%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.060%	$54.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.40	+0.003%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.90	−0.060%	$35.7M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.16	−0.027%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.89	−0.061%	$78.9M	$27.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.64	−0.092%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.12	−0.032%	$161K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.23	−0.018%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.22	−0.020%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.42	+0.005%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.86	+0.060%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.40	+0.003%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.73	+0.044%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.23	−0.143%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.80	+0.053%	$78K	$19K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	798.80	−0.072%	$1.8M	$6.6M	50x
Aevo BNB-PERP	+0.0104%	1h	799.45	+0.009%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.126%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0152%	8h	799.60	+0.028%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	798.38	−0.125%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.069%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0219%	8h	798.91	−0.058%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0246%	1h	799.99	+0.077%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.24	−0.017%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	799.64	+0.033%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.715%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0329%	1h	798.88	−0.062%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.90	−0.060%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0339%	1h	799.62	+0.030%	$2.7M	$5.7M	40x	as long as short