Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: StandX against Lighter−0.058%7-day average +0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 7 days+0.209%+$21 · spread now −0.058%, 7d avg +0.087%
=Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and StandX is 0.145% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.087%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 804.56 | 0.0096 | pay 0.0012% / 1h | 28m 28s | $2.8M | $4.2M | 20x |
| Short | StandX BNB-USD | 804.09 | 0 | get 0.0000% / 1h | 28m 28s | $869K | $2.9M | 30x |
Lighter BNB
StandX BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$20.16
- Price spread: −0.058% → +0.087%
- −$14.49
- Slippage, 4 orders
- −$14.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$57.48
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; StandX: live order book, just now.
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 | 0.75 bp | 0.9 bp −$1 | 4.0 bp −$40 | 15.2 bp −$1,518 | 66.3 bp −$33.1K |
| Sell StandX live order book, just now | 5.22 bp | 11.1 bp −$11 | 13.6 bp −$136 | 70.0 bp −$6,998 | 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 | 803.87 | −0.086% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.71 | +0.019% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.60 | +0.006% | $3.0M | $29.3M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.60 | +0.005% | $112K | $2.5M | 4.8x | as long as short |
| StandX BNB-USDshort | 0.0000% | 1h | 804.09 | −0.058% | $869K | $2.9M | 30x | |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.42 | −0.016% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 804.29 | −0.033% | $2.5M | $909K | 50x | as long as short |
| Variational Omni BNB | +0.0049% | 8h | 803.71 | −0.105% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0054% | 8h | 804.61 | +0.007% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0075% | 8h | 803.97 | −0.073% | $139.4M | $82.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow 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 | 804.19 | −0.046% | $609K | $878K | 50x | as long as short |
| Aster BNBUSDT | +0.0090% | 8h | 804.76 | +0.025% | $6.4M | $18.8M | 200x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 804.56 | long leg | $2.8M | $4.2M | 20x | |
| Nado BNB-PERP | +0.0100% | 1h | 804.08 | −0.060% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.59 | +0.004% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.30 | −0.032% | $55.1M | $115.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.60 | +0.005% | $53K | $165K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.15 | −0.051% | $35.9M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.16 | −0.049% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.07 | −0.060% | $79.1M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.62 | +0.007% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.73 | +0.022% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 804.27 | −0.036% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.14 | −0.052% | $389K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 804.27 | −0.035% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 804.66 | +0.013% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 804.61 | +0.007% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.24 | −0.039% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.03 | +0.059% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.12 | −0.054% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.15 | −0.050% | $386K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0107% | 8h | 805.40 | +0.105% | $84.5M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0108% | 8h | 805.08 | +0.065% | $519.4M | $803.0M | 75x | as long as short |
| Phemex BNBUSDT | +0.0125% | 8h | 804.61 | +0.007% | $70.2M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.93 | −0.078% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0163% | 1h | 805.07 | +0.064% | $51.7M | $21.3M | 10x | as long as short |
| SoDEX BNB-USD | +0.0181% | 1h | 804.10 | −0.057% | $396K | $1.0M | 10x | as long as short |
| Bulk BNB-USD | +0.0197% | 1h | 804.34 | −0.027% | $650K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.71 | +0.019% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0227% | 8h | 804.67 | +0.014% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 804.11 | −0.055% | $71K | $48K | 12x | as long as short |
| dYdX BNB-USD | +0.0280% | 1h | 804.28 | −0.034% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0328% | 1h | 805.29 | +0.091% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 804.09 | −0.059% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | +0.041% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0653% | 1h | 805.01 | +0.056% | $3.0M | $5.4M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
SoDEX BNB-USD
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP