Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.066%
Price spread now: 01 Exchange against Lighter+0.036%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and 01 Exchange is 0.036% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BNB799.620.0096pay 0.0012% / 1h0m 26s$2.8M$4.1M20x
Short01 Exchange BNBUSD799.910.0264get 0.0033% / 1h0m 26s$28K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$35.28
Price spread: +0.036% → 0.000%
$3.64
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$31.92
Costs to cover
0.070%
Break-even
0.7 days
Slippage unknown: Lighter: live order book, 7 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 7 min ago0.62 bp0.8 bp −$13.1 bp −$3114.1 bp −$1,41067.5 bp −$33.8K
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h799.54−0.010%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h799.70+0.010%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h799.42−0.024%$2.5M$975K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.72−0.112%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h799.71+0.011%$864K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.57−0.006%$9.7M150xas long as short
Variational Omni BNB+0.0009%8h798.84−0.097%$4.1M$5.4Mas long as short
BingX BNB-USDC+0.0030%8h799.52−0.012%$13.3Mas long as short
Bybit BNBUSDT+0.0040%8h799.31−0.039%$138.8M$76.9M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.68−0.117%$602K$985K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0077%8h799.93+0.039%$6.2M$19.3M200xas long as short
Phemex BNBUSDT+0.0092%8h800.10+0.060%$70.0M$50.7M50xas long as short
Lighter BNBlong+0.0096%1h799.62long leg$2.8M$4.1M20x
MEXC BNB_USDT+0.0097%8h800.10+0.060%$83.2M$13.6M200xas long as short
Binance BNBUSDT+0.0097%8h800.05+0.053%$498.0M$818.7M75xas long as short
Nado BNB-PERP+0.0100%1h799.05−0.071%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.57−0.006%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.40−0.027%$54.4M$112.9M50xas long as short
Arcus BNB-USD+0.0100%1h799.50−0.015%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h799.20−0.052%$35.7M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.32−0.037%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h799.16−0.057%$78.9M$27.6M75xas long as short
edgeX BNBUSDC+0.0100%4h799.620.000%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.34−0.035%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.20−0.052%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.38−0.030%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h799.65+0.004%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.77+0.019%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.70+0.010%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h799.44−0.023%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h800.00+0.047%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.99−0.078%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h799.64+0.002%$384K$40K10xas long as short
Phoenix BNB+0.0127%1h798.37−0.156%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0152%1h799.40−0.027%$70K$43K12xas long as short
Kalshi KXBNBPERP+0.0155%8h799.80+0.023%$90K$2.9M4.8xas long as short
Bulk BNB-USD+0.0191%1h798.83−0.099%$649K$17K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h800.02+0.050%$1.6M$165K25xas long as short
BloFin BNB-USDT+0.0217%8h800.12+0.063%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0250%1h800.15+0.066%$52.5M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h799.46−0.020%$1.1M$1.4M20xas long as short
01 Exchange BNBUSDshort+0.0264%1h799.91+0.036%$28K$1K10x
Injective BNB/USDC PERP+0.0306%1h805.09+0.684%$19K$789K30xas long as short
Backpack BNB_USDC_PERP+0.0312%1h799.90+0.035%$2.7M$5.7M40xas long as short
dYdX BNB-USD+0.0327%1h799.59−0.004%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h799.01−0.076%$6K$3K40xas long as short