BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0227%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.069%

Price spread now: Lighter against Reya+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Lighter

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.025% dearer against Reya than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	786.71	0.0323	pay 0.0040% / 1h	14m 34s	$6K	$3K	40x
Short	Lighter BNB	786.91	0.0096	get 0.0012% / 1h	14m 34s	$2.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. 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 ReyabpFee LighterbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$47.64
Price spread: +0.025% → 0.000%: $2.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.11
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	2.42 bp	2.4 bp −$2	5.1 bp −$51	13.9 bp −$1,388	70.5 bp −$35.3K

Reya: 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 −0.0192% / S +0.0356%	1h	786.35	−0.046%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.17	+0.059%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.41	+0.089%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.47	−0.030%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.337%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	787.18	+0.060%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0045%	8h	786.97	+0.033%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0058%	8h	787.23	+0.066%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	787.60	+0.113%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	787.59	+0.112%	$490.6M	$812.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.57	−0.017%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.109%	$568K	$1.9M	50x	as long as short
Lighter BNBshort	+0.0096%	1h	786.91	+0.025%	$2.7M	$3.8M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	786.55	−0.020%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.60	−0.014%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.53	+0.105%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.10	+0.050%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.90	+0.024%	$138.2M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	+0.024%	$53.5M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.00	+0.037%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.90	+0.024%	$36.7M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.45	−0.033%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.67	−0.005%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.07	+0.046%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.32	−0.049%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.93	+0.028%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.09	+0.049%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.80	+0.012%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.70	−0.001%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.22	+0.065%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.44	−0.034%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.29	+0.074%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.59	−0.015%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.67	−0.005%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.99	+0.036%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0130%	1h	786.70	−0.001%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	786.90	+0.024%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0158%	1h	786.37	−0.043%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0183%	8h	787.25	+0.069%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	787.48	+0.098%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.02	+0.040%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	787.74	+0.131%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERPlong	+0.0323%	1h	786.71	long leg	$6K	$3K	40x
Bulk BNB-USD	+0.0341%	1h	785.39	−0.167%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	787.22	+0.065%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.82	+0.015%	$67K	$39K	12x	as long as short