Funding you earn now, next payment 04:00 UTC+0.0167%/8h= +18.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.006%
Price spread now: Kraken Futures against Lighter−0.090%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.090%, 7d avg −0.030%
=Together, before fees−0.101%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.060% cheaper against Lighter than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.030%). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 789.77 | 0.0096 | pay 0.0012% / 1h | 44m 37s | $2.7M | $3.8M | 20x |
| Short | Kraken Futures PF_BNBUSD | 789.05 | 0.0263 | get 0.0033% / 1h | 44m 37s | $2.5M | $1.2M | 50x |
Lighter BNB
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $35.15
- Price spread: −0.090% → −0.030%
- −$6.04
- Slippage, 4 orders
- −$13.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.53
- Costs to cover
- 0.236%
- Break-even
- 5.9 days
Slippage from Lighter: live order book, 8 min ago; Kraken Futures: live order book, 4 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, 8 min ago | 0.75 bp | 1.2 bp −$1 | 4.1 bp −$41 | 14.8 bp −$1,481 | 68.2 bp −$34.1K |
| Sell Kraken Futures live order book, 4 min ago | 1.65 bp | 10.2 bp −$10 | 13.4 bp −$134 | 33.1 bp −$3,313 | 145.0 bp −$72.5K |
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 −0.0184% / S +0.0349% | 1h | 789.21 | −0.070% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.65 | −0.015% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.01 | +0.031% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.15 | −0.078% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.940% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0041% | 8h | 789.93 | +0.020% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDT | +0.0054% | 8h | 789.79 | +0.003% | — | $34.3M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 790.64 | +0.111% | $583K | $1.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0066% | 8h | 790.10 | +0.042% | $80.2M | $12.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 790.66 | +0.113% | $493.3M | $789.5M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0076% | 8h | 789.80 | +0.004% | $69.1M | $50.0M | 50x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 789.77 | long leg | $2.7M | $3.8M | 20x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.34 | −0.054% | $266K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.00 | −0.097% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.83 | +0.008% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.81 | +0.005% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.70 | −0.008% | $138.9M | $74.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.80 | +0.004% | $53.4M | $111.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 790.00 | +0.030% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.65 | −0.015% | $35.4M | $56.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.37 | −0.050% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.72 | −0.006% | $76.5M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.70 | −0.008% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.50 | −0.160% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.10 | −0.085% | $4.1M | $74.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.58 | −0.024% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.76 | −0.001% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.36 | −0.051% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.88 | +0.014% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.30 | −0.059% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.84 | −0.117% | $8.1M | $9.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 790.26 | +0.062% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 789.41 | −0.045% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.34 | −0.054% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.31 | −0.058% | $170K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0124% | 1h | 789.05 | −0.091% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0134% | 8h | 789.57 | −0.025% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0182% | 8h | 789.60 | −0.021% | $124K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 789.81 | +0.005% | $18.2M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 790.45 | +0.086% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSDshort | +0.0263% | 1h | 789.05 | −0.090% | $2.5M | $1.2M | 50x | |
| Bulk BNB-USD | +0.0272% | 1h | 789.78 | +0.002% | $640K | $9K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.74 | −0.004% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 789.59 | −0.023% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 790.17 | +0.052% | $1.1M | $975K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0512% | 1h | 788.97 | −0.101% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P