BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against StandX−0.029%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on StandX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days−0.075%−$8 · spread now −0.029%, 7d avg −0.083%

Together, before fees+0.073%+ Points / potential airdropStandX: Active · Lighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.054% dearer against StandX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	787.09	0	get 0.0000% / 1h	19m 55s	$849K	$3.0M	30x
Short	Lighter BNB	786.86	0.0096	get 0.0012% / 1h	19m 55s	$2.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against StandX. 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 StandXbpFee LighterbpOrdersPrice spread, now −0.029%Rate

Funding earned: $20.16
Price spread: −0.029% → −0.083%: $5.42
Slippage, 4 orders: −$13.99
Fee StandX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.59
Costs to cover: 0.220%
Break-even: 5.8 days

Slippage from StandX: live order book, 4 min ago; Lighter: live order book, 3 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 StandX live order book, 4 min ago	4.78 bp	10.7 bp −$11	13.8 bp −$138	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.42 bp	0.4 bp $0	4.0 bp −$40	14.8 bp −$1,480	72.7 bp −$36.3K

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	786.45	−0.081%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.02	−0.009%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	787.09	long leg	$849K	$3.0M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.53	−0.071%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.287%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	787.43	+0.043%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0045%	8h	786.89	−0.025%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0050%	8h	787.26	+0.022%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	787.60	+0.065%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.37	+0.036%	$490.6M	$812.3M	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	786.49	−0.076%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.158%	$568K	$1.9M	50x	as long as short
Lighter BNBshort	+0.0096%	1h	786.86	−0.029%	$2.7M	$3.8M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	−0.055%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.35	−0.094%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.31	+0.028%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.87	−0.028%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.70	−0.050%	$138.2M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.062%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.037%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	−0.043%	$36.6M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.53	−0.071%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.51	−0.074%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.91	−0.023%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.81	−0.162%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.00	−0.265%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.240%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.36	−0.093%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.79	−0.038%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	+0.007%	$13K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.29	−0.102%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.95	−0.017%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.42	−0.085%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.79	−0.038%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.097%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0123%	1h	786.80	−0.037%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0150%	8h	785.80	−0.164%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0162%	1h	786.37	−0.092%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0179%	8h	786.29	−0.102%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.244%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.22	+0.017%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.30	−0.100%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.215%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	787.08	−0.001%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.93	−0.020%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	785.22	−0.238%	$67K	$39K	12x	as long as short