BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0266%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h +0.064%

Price spread now: Lighter against GMX+0.018%7-day average — · you sell dearer than you buy

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

Long on GMX 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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BNB/USD [WBTC.b-USDC]	786.96	L −0.0170% / S +0.0337%	get 0.0021% / 1h	27m 56s	$43K	—	200x
Short	Lighter BNB	787.11	0.0096	get 0.0012% / 1h	27m 56s	$2.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now +0.018%Rate

Funding earned: $55.89
Price spread: +0.018% → 0.000%: $1.82
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $45.71
Costs to cover: 0.120%
Break-even: 1.3 days

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 10 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 10 min ago	0.50 bp	0.5 bp $0	3.4 bp −$34	14.9 bp −$1,487	81.7 bp −$40.8K

GMX: 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]long	L −0.0170% / S +0.0337%	1h	786.96	long leg	$43K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	787.42	+0.058%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.31	+0.171%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.93	−0.005%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.303%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0051%	8h	787.47	+0.064%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0051%	8h	787.93	+0.122%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0064%	8h	788.50	+0.195%	$81.1M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	787.94	+0.125%	$490.9M	$817.1M	75x	as long as short
dYdX BNB-USD	+0.0073%	1h	786.36	−0.077%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0078%	8h	787.54	+0.073%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.67	+0.090%	$569K	$1.9M	50x	as long as short
Lighter BNBshort	+0.0096%	1h	787.11	+0.018%	$2.7M	$3.8M	20x
Nado BNB-PERP	+0.0100%	1h	786.90	−0.008%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.68	+0.091%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.24	+0.035%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.21	+0.031%	$138.5M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	+0.056%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.00	+0.005%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.40	+0.056%	$37.5M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.98	+0.002%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.54	+0.073%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.49	+0.067%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−0.108%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.82	−0.018%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.63	−0.042%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.62	−0.044%	$131K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.98	+0.002%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.118%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.59	+0.080%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.10	+0.017%	$387K	$982K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.33	+0.047%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.51	+0.069%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.02	+0.007%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.01	+0.007%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.26	−0.089%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	787.40	+0.056%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	787.65	+0.087%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.41	+0.057%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.91	−0.007%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.15	+0.024%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.31	+0.044%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	+0.042%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.91	−0.007%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.01	+0.007%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	787.49	+0.067%	$67K	$39K	12x	as long as short