BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0452%/8h= −49.5% APRnext payment −$0.56 per $10,000 · paid last 24h −0.115%

Price spread now: GMX against Lighter−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and GMX is 0.038% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	786.94	0.0096	pay 0.0012% / 1h	19m 12s	$2.7M	$3.8M	20x
Short	GMX BNB/USD [WBTC.b-USDC]	786.64	L −0.0192% / S +0.0356%	pay 0.0044% / 1h	19m 12s	$46K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$94.85
Price spread: −0.038% → 0.000%: −$3.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$110.65
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	0.42 bp	0.4 bp $0	4.6 bp −$46	14.7 bp −$1,473	67.8 bp −$33.9K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.0192% / S +0.0356%	1h	786.64	−0.038%	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	787.19	+0.032%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.37	+0.055%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.71	−0.029%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.307%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	787.43	+0.062%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0045%	8h	786.90	−0.005%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	787.29	+0.045%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	787.60	+0.084%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	787.32	+0.048%	$490.6M	$812.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.73	−0.027%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.138%	$568K	$1.9M	50x	as long as short
Lighter BNBlong	+0.0096%	1h	786.94	long leg	$2.7M	$3.8M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	786.76	−0.023%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.65	−0.037%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.40	+0.059%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.10	+0.021%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.70	−0.030%	$138.2M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.043%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	+0.021%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	−0.024%	$36.6M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.44	−0.063%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.48	−0.058%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.17	+0.029%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.81	−0.143%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.59	−0.045%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.221%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.65	−0.037%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.97	+0.004%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.36	+0.053%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.76	−0.023%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.18	+0.030%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.49	−0.057%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.02	+0.010%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.077%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0128%	1h	786.80	−0.018%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0144%	8h	787.00	+0.008%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0160%	1h	786.37	−0.073%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	787.41	+0.060%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.224%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.61	+0.085%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.55	−0.049%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.196%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	787.25	+0.040%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	787.16	+0.029%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	786.48	−0.058%	$67K	$39K	12x	as long as short