Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Gate against Lighter−0.059%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$250.245% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.059%, 7d avg −0.016%
=Together, before fees+0.068%+ Points / potential airdropLighter: Season 3 · farm board+$7 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: Gate is 0.043% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 805.78 | 0.0096 | pay 0.0012% / 1h | 50m 42s | $2.8M | $4.2M | 20x |
| Short | Gate BNB_USDT | 805.30 | 0.0100 | get 0.0100% / 8h | 1h 50m | $36.2M | $57.2M | 75x |
Lighter BNB
Gate BNB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.059% → −0.016%
- −$4.33
- Slippage, 4 orders
- −$9.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$27.99
- Costs to cover
- 0.245%
- Break-even
- 240.2 days
Slippage from Lighter: live order book, 7 min ago; Gate: live order book, 3 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, 7 min ago | 0.75 bp | 2.8 bp −$3 | 5.7 bp −$57 | 15.6 bp −$1,562 | 66.7 bp −$33.3K |
| Sell Gate live order book, 3 min ago | 0.31 bp | 9.5 bp −$9 | 11.4 bp −$114 | 26.7 bp −$2,671 | 57.5 bp −$28.8K |
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 | 804.97 | −0.101% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.32 | −0.057% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.78 | +0.125% | $3.0M | $29.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.60 | −0.022% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.28 | −0.062% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.01 | −0.096% | $9.8M | — | 150x | as long as short |
| Hibachi BNB/USDT-P | +0.0040% | 1h | 805.13 | −0.081% | $71K | $48K | 12x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 805.28 | −0.062% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0057% | 8h | 805.50 | −0.034% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 805.07 | −0.088% | $139.4M | $82.0M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Hibachi BNB/USDT-P
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNBlong | +0.0096% | 1h | 805.78 | long leg | $2.8M | $4.2M | 20x | |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.76 | −0.002% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 804.45 | −0.165% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.54 | −0.029% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.30 | −0.059% | $55.1M | $116.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.70 | −0.010% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDTshort | +0.0100% | 8h | 805.30 | −0.059% | $36.2M | $57.2M | 75x | |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.35 | −0.053% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.08 | −0.087% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.71 | −0.008% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.60 | −0.022% | $162K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 804.65 | −0.140% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.98 | −0.099% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.26 | −0.064% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.23 | −0.068% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.83 | −0.117% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.18 | +0.049% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0102% | 8h | 805.57 | −0.026% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.55 | −0.153% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.08 | −0.087% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0117% | 8h | 806.50 | +0.090% | $84.6M | $13.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 806.20 | +0.052% | $520.9M | $805.3M | 75x | as long as short |
| Phemex BNBUSDT | +0.0137% | 8h | 805.59 | −0.023% | $70.3M | $51.9M | 50x | as long as short |
| SoDEX BNB-USD | +0.0151% | 1h | 805.00 | −0.096% | $396K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0153% | 1h | 806.24 | +0.057% | $51.9M | $22.0M | 10x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 805.39 | −0.048% | $173K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0173% | 1h | 805.13 | −0.081% | $162K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.12 | −0.082% | $2.5M | $932K | 50x | as long as short |
| BloFin BNB-USDT | +0.0238% | 8h | 805.41 | −0.046% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | −0.028% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 805.48 | −0.037% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.085% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 805.05 | −0.090% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 804.28 | −0.186% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 805.56 | −0.027% | $28K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0713% | 1h | 806.03 | +0.031% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
SoDEX BNB-USD
Hyperliquid BNB
Phoenix BNB
dYdX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP