BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0113%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.012%

Price spread now: RISEx against Lighter−0.016%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.016%, 7d avg −0.001%

Together, before fees+0.165%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	805.14	0.0096	pay 0.0012% / 1h	9m 20s	$2.8M	$4.2M	20x
Short	RISEx BNB/USDC	805.01	0.0209	get 0.0026% / 1h	9m 20s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.016%Rate

Funding earned: $23.68
Price spread: −0.016% → −0.001%: −$1.53
Slippage, 4 orders: −$6.94
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $9.21
Costs to cover: 0.129%
Break-even: 4.3 days

Slippage from Lighter: live order book, 8 min ago; RISEx: 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	0.62 bp	1.9 bp −$2	5.2 bp −$52	14.6 bp −$1,459	64.6 bp −$32.3K
Sell RISEx live order book, 4 min ago	2.11 bp	5.1 bp −$5	9.0 bp −$90	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 −0.0195% / S +0.0371%	1h	804.66	−0.060%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.47	+0.041%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.45	+0.039%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.90	+0.095%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.12	−0.002%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.72	−0.052%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.06	−0.010%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.063%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0055%	8h	804.82	−0.039%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.50	−0.079%	$139.6M	$81.7M	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	+0.0088%	1h	805.15	+0.002%	$608K	$881K	50x	as long as short
Lighter BNBlong	+0.0096%	1h	805.14	long leg	$2.8M	$4.2M	20x
Aster BNBUSDT	+0.0098%	8h	805.29	+0.019%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.45	−0.085%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.95	−0.023%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.70	−0.054%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.10	−0.005%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.55	−0.073%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.65	−0.061%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.42	−0.089%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.53	+0.048%	$4.2M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.72	+0.072%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.60	−0.067%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.93	−0.026%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.07	−0.009%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.29	+0.020%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.45	+0.039%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.90	−0.029%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.70	+0.070%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.57	−0.071%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.16	+0.002%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.40	+0.033%	$84.5M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.29	+0.019%	$520.3M	$805.9M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.060%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0135%	8h	805.31	+0.021%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0195%	1h	805.00	−0.017%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDCshort	+0.0209%	1h	805.01	−0.016%	$1.1M	$1.4M	20x
Hyperliquid BNB	+0.0209%	1h	805.21	+0.009%	$51.8M	$22.0M	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.33	+0.024%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0243%	1h	804.86	−0.035%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.29	+0.018%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.029%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.42	−0.089%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.54	+0.050%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.031%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.87	+0.091%	$3.0M	$5.5M	40x	as long as short