Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Orderly+0.019%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.019%, 7d avg −0.011%
=Together, before fees+0.020%+ Points / potential airdropLighter: Season 3 · farm board+$2 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: Lighter is 0.030% dearer against Orderly than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 803.85 | 0.0100 | pay 0.0100% / 8h | 2h 32m | $388K | $593K | 50x |
| Short | Lighter BNB | 804.01 | 0.0096 | get 0.0012% / 1h | 32m 29s | $2.8M | $4.2M | 20x |
Orderly PERP_BNB_USDC
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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: +0.019% → −0.011%
- $3.02
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.82
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.59 bp | 0.6 bp −$1 | 3.1 bp −$31 | 11.7 bp −$1,166 | 66.2 bp −$33.1K |
Orderly: 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.| 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 | 803.75 | −0.012% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.26 | +0.051% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.90 | +0.006% | $3.0M | $29.3M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.40 | +0.068% | $112K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.92 | +0.009% | $869K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.81 | −0.005% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.87 | +0.003% | $2.5M | $908K | 50x | as long as short |
| Variational Omni BNB | +0.0051% | 8h | 802.62 | −0.153% | $4.0M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0057% | 8h | 803.84 | −0.001% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0076% | 8h | 803.34 | −0.063% | $139.3M | $82.9M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
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 | +0.042% | $609K | $878K | 50x | as long as short |
| Aster BNBUSDT | +0.0089% | 8h | 804.44 | +0.073% | $6.4M | $18.8M | 200x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 804.01 | +0.019% | $2.8M | $4.2M | 20x | |
| Nado BNB-PERP | +0.0100% | 1h | 803.54 | −0.038% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.06 | +0.026% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.60 | −0.031% | $55.1M | $115.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.10 | +0.031% | $52K | $164K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 803.60 | −0.031% | $35.9M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.67 | −0.022% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.45 | −0.050% | $79.1M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.01 | +0.020% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.17 | +0.040% | $159K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.68 | −0.021% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 803.85 | long leg | $388K | $593K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 803.98 | +0.016% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 804.40 | +0.068% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 804.29 | +0.055% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.33 | +0.059% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.58 | +0.091% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.45 | −0.050% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.13 | +0.034% | $386K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0105% | 8h | 804.80 | +0.118% | $84.4M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0106% | 8h | 804.51 | +0.082% | $518.9M | $803.0M | 75x | as long as short |
| Phemex BNBUSDT | +0.0123% | 8h | 804.40 | +0.068% | $70.2M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.93 | +0.010% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0152% | 1h | 803.90 | +0.006% | $395K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0156% | 1h | 804.50 | +0.081% | $51.7M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0194% | 1h | 803.61 | −0.030% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.18 | +0.041% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0225% | 8h | 804.46 | +0.076% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 803.98 | +0.016% | $71K | $48K | 12x | as long as short |
| dYdX BNB-USD | +0.0268% | 1h | 804.28 | +0.053% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 804.69 | +0.104% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 803.52 | −0.041% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.133% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0666% | 1h | 804.74 | +0.111% | $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
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
SoDEX BNB-USD
Hyperliquid BNB
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