BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Nado+0.013%7-day average +0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.013%, 7d avg +0.013%

Together, before fees−0.055%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	786.60	0.0100	pay 0.0012% / 1h	56m 17s	$1.4M	$2.7M	20x
Short	Lighter BNB	786.70	0.0096	get 0.0012% / 1h	56m 17s	$2.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.84
Price spread: +0.013% → +0.013%: $0
Slippage, 4 orders: −$4.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.43
Costs to cover: 0.116%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Lighter: live order book, 6 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 Nado live order book, 3 min ago	0.06 bp	4.1 bp −$4	9.3 bp −$93	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.75 bp	3.2 bp −$3	6.1 bp −$61	14.4 bp −$1,439	69.4 bp −$34.7K

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	786.63	+0.004%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.27	−0.042%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.20	+0.076%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.79	+0.151%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.76	+0.020%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	787.36	+0.097%	$6.1M	$19.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.351%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	786.83	+0.029%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0047%	8h	787.70	+0.140%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0048%	8h	787.39	+0.101%	$490.2M	$805.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0048%	8h	787.71	+0.141%	$68.9M	$50.7M	50x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.80	+0.026%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.21	+0.078%	$579K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	786.98	+0.048%	$169K	$35K	10x	as long as short
Lighter BNBshort	+0.0096%	1h	786.70	+0.013%	$2.7M	$3.8M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	786.86	+0.033%	$265K	$491K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	786.60	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	787.19	+0.075%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.83	+0.029%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.76	+0.020%	$138.2M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	+0.025%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	+0.025%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.80	+0.025%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.42	−0.023%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.50	−0.013%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.42	+0.104%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.81	+0.027%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.50	+0.114%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.95	+0.172%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.50	−0.013%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.96	+0.046%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.48	+0.112%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.74	+0.018%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.88	+0.036%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.58	−0.002%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.97	+0.048%	$378K	$110K	10x	as long as short
dYdX BNB-USD	+0.0151%	1h	786.94	+0.043%	$159K	$61K	10x	as long as short
SoDEX BNB-USD	+0.0164%	1h	786.90	+0.038%	$387K	$999K	10x	as long as short
BloFin BNB-USDT	+0.0167%	8h	787.55	+0.121%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0188%	8h	787.83	+0.156%	$2.9M	$28.9M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.30	+0.088%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.207%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	787.31	+0.090%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.45	−0.019%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.90	+0.038%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	787.31	+0.090%	$67K	$39K	12x	as long as short