Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Derive+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.026% dearer against Derive than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BNB-PERP | 783.49 | 0.0100 | pay 0.0013% / 1h | 27m 04s | $31K | $12K | 10x |
| Short | Lighter BNB | 783.69 | 0.0096 | get 0.0012% / 1h | 27m 04s | $2.7M | $3.8M | 20x |
Derive BNB-PERP
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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: +0.026% → 0.000%
- $2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.23
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.38 bp | 3.0 bp −$3 | 5.0 bp −$50 | 12.6 bp −$1,256 | 71.3 bp −$35.7K |
Derive: 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 | 783.15 | −0.043% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 784.20 | +0.091% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 784.86 | +0.175% | $846K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 783.37 | −0.015% | $9.4M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0031% | 8h | 784.16 | +0.085% | $6.0M | $18.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.757% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0041% | 8h | 783.72 | +0.029% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0054% | 8h | 784.04 | +0.070% | $68.6M | $50.5M | 50x | as long as short |
| MEXC BNB_USDT | +0.0054% | 8h | 784.50 | +0.129% | $79.5M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0054% | 8h | 784.19 | +0.089% | $488.5M | $810.2M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 783.56 | +0.009% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 783.79 | +0.038% | $567K | $1.9M | 50x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 783.69 | +0.026% | $2.7M | $3.8M | 20x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 783.43 | −0.008% | $264K | $489K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 783.75 | +0.033% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 784.15 | +0.084% | $51.3M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.19 | +0.089% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 783.45 | −0.005% | $137.6M | $74.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 783.40 | −0.012% | $53.3M | $112.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.10 | +0.078% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 783.55 | +0.008% | $36.4M | $58.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 783.21 | −0.036% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 783.24 | −0.032% | $75.8M | $30.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 783.93 | +0.056% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 784.13 | +0.081% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.32 | +0.234% | $4.1M | $75.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 785.72 | +0.285% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 783.67 | +0.023% | $131K | $954K | 10x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 783.49 | long leg | $31K | $12K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 784.54 | +0.134% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 783.60 | +0.014% | $385K | $994K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 783.45 | −0.006% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.22 | +0.094% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 783.03 | −0.059% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 783.73 | +0.030% | $376K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 785.13 | +0.209% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0146% | 8h | 784.20 | +0.091% | $154K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0162% | 1h | 784.37 | +0.112% | $159K | $61K | 10x | as long as short |
| BloFin BNB-USDT | +0.0174% | 8h | 784.07 | +0.074% | $17.6M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0208% | 8h | 785.52 | +0.259% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 784.54 | +0.134% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 785.69 | +0.281% | $637K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 783.88 | +0.049% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 783.31 | −0.023% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 784.18 | +0.088% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0504% | 1h | 784.29 | +0.102% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P