Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Lighter−0.002%45s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.002%, 7d avg −0.023%
=Together, before fees+0.130%+ Points / potential airdropLighter: Season 3 · farm board+$13 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: Polymarket Perps is 0.021% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 784.73 | 0.0096 | pay 0.0012% / 1h | 23m 39s | $2.7M | $3.8M | 20x |
| Short | Polymarket Perps BNB-USD | 784.72 | 0.0100 | get 0.0013% / 1h | 23m 39s | $131K | $954K | 10x |
Lighter BNB
Polymarket Perps BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: −0.002% → −0.023%
- $2.1
- Slippage, 4 orders
- −$10.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$15.69
- Costs to cover
- 0.186%
- Break-even
- 137.7 days
Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 24 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 | 1.65 bp | 1.7 bp −$2 | 4.5 bp −$45 | 15.0 bp −$1,496 | 68.4 bp −$34.2K |
| Sell Polymarket Perps live order book, 24 min ago | 2.99 bp | 8.3 bp −$8 | 8.7 bp −$87 | 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 −0.0192% / S +0.0356% | 1h | 784.62 | −0.015% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.14 | +0.052% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.75 | +0.129% | $847K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.79 | +0.007% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0033% | 8h | 785.15 | +0.053% | $6.1M | $19.0M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.594% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0042% | 8h | 784.69 | −0.006% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0050% | 8h | 785.37 | +0.081% | $68.7M | $50.5M | 50x | as long as short |
| MEXC BNB_USDT | +0.0056% | 8h | 785.20 | +0.059% | $80.2M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0057% | 8h | 785.24 | +0.064% | $489.3M | $811.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 784.93 | +0.025% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 784.62 | −0.015% | $567K | $1.9M | 50x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 784.73 | long leg | $2.7M | $3.8M | 20x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.90 | +0.021% | $264K | $489K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.45 | −0.036% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.15 | +0.053% | $51.4M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.84 | +0.013% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.40 | −0.043% | $137.8M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.30 | −0.055% | $53.3M | $112.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.70 | −0.004% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.55 | −0.024% | $36.5M | $58.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.36 | −0.048% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.18 | −0.071% | $75.9M | $31.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.15 | +0.053% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 783.72 | −0.129% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 784.31 | −0.054% | $4.1M | $75.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.92 | +0.024% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USDshort | +0.0100% | 1h | 784.72 | −0.002% | $131K | $954K | 10x | |
| Derive BNB-PERP | +0.0100% | 1h | 785.04 | +0.039% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.27 | +0.068% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.93 | +0.025% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.96 | +0.029% | $76K | $17K | 50x | as long as short |
| SoDEX BNB-USD | +0.0104% | 1h | 785.10 | +0.047% | $386K | $993K | 10x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.08 | −0.083% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 785.01 | +0.035% | $377K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 784.35 | −0.049% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0141% | 8h | 785.00 | +0.034% | $161K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0167% | 1h | 784.36 | −0.048% | $159K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0176% | 8h | 785.45 | +0.091% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0208% | 8h | 785.52 | +0.100% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 785.06 | +0.041% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 785.69 | +0.122% | $637K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 784.60 | −0.017% | $6K | $3K | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 785.40 | +0.085% | $1.5M | $143K | 25x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 784.73 | 0.000% | $1.1M | $905K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0512% | 1h | 784.74 | 0.000% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
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
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
SoDEX BNB-USD
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
Hibachi BNB/USDT-P