BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: Injective against Lighter+1.934%7-day average −0.272% · you sell dearer than you buy

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−2.524%−$252 · spread now +1.934%, 7d avg −0.272%

Together, before fees−2.646%+ Points / potential airdropLighter: Season 3 · farm board−$265 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.206% dearer against Lighter than usual: you sell high and buy low (spread +1.934% now, against its 7-day average of −0.272%): +$221 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	789.81	0.0096	pay 0.0012% / 1h	0m 48s	$2.8M	$3.9M	20x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	0m 48s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +1.934%Rate

Funding earned: −$13.16
Price spread: +1.934% → −0.272%: $220.64
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $207.46
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Injective: 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, 7 min ago	0.72 bp	1.8 bp −$2	5.3 bp −$53	13.1 bp −$1,309	66.6 bp −$33.3K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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]	L −0.0190% / S +0.0354%	1h	789.29	−0.066%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.39	−0.054%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.098%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.39	−0.054%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+1.934%	$19K	$789K	30x
Aster BNBUSDT	+0.0036%	8h	790.19	+0.048%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0047%	8h	789.11	−0.089%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	790.60	+0.100%	$80.2M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0058%	8h	790.08	+0.034%	$69.1M	$50.3M	50x	as long as short
Binance BNBUSDT	+0.0058%	8h	790.22	+0.052%	$493.3M	$791.6M	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	+0.0064%	1h	788.26	−0.197%	$579K	$1.9M	50x	as long as short
Lighter BNBlong	+0.0096%	1h	789.81	long leg	$2.8M	$3.9M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	789.50	−0.040%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.95	−0.109%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.10	+0.036%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.58	−0.030%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.51	−0.038%	$138.9M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.60	−0.027%	$53.5M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.40	−0.052%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.55	−0.033%	$35.6M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.44	−0.047%	$28.1M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.33	−0.061%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.00	+0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.089%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.18	−0.081%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	−0.062%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.36	−0.057%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.52	−0.037%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.07	+0.033%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	−0.040%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.25	−0.071%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.68	−0.016%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.29	−0.067%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.47	−0.043%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.25	−0.071%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.25	−0.071%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0157%	8h	789.58	−0.029%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.80	−0.002%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	790.06	+0.031%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.157%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.09	+0.035%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.41	−0.051%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.88	+0.009%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.15	−0.084%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	789.07	−0.094%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.75	−0.008%	$1.1M	$903K	20x	as long as short