Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against KuCoin+0.042%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on KuCoinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 7 days−0.056%−$6 · spread now +0.042%, 7d avg +0.020%
Together, before fees−0.086%+ Points / potential airdropLighter: Season 3 · farm board−$9 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 0.022% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM790.310.0100pay 0.0100% / 8h5h 01m$27.7M$10.3M75x
ShortLighter BNB790.640.0096get 0.0012% / 1h1m 09s$2.7M$3.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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

Funding earned
−$0.84
Price spread: +0.042% → +0.020%
$2.2
Slippage, 4 orders
−$12.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$22.66
Costs to cover
0.240%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago0.57 bp8.4 bp −$818.1 bp −$181doesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago0.38 bp3.2 bp −$36.5 bp −$6514.3 bp −$1,42970.1 bp −$35.0K

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0181% / S +0.0347%1h790.33+0.003%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h790.73+0.053%$4K$23925xas long as short
StandX BNB-USD0.0000%1h790.94+0.080%$855K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h790.34+0.004%$9.6M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.870%$19K$789K30xas long as short
Aster BNBUSDT+0.0047%8h791.07+0.097%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h790.10−0.027%$590K$1.9M50xas long as short
BingX BNB-USDC+0.0058%8h790.64+0.042%—$13.4M—as long as short
Phemex BNBUSDT+0.0062%8h790.98+0.085%$69.3M$50.3M50xas long as short
MEXC BNB_USDT+0.0071%8h791.50+0.151%$80.4M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0071%8h791.22+0.116%$493.9M$790.5M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h790.34+0.004%$2.5M$1.2M50xas long as short
Lighter BNBshort+0.0096%1h790.64+0.042%$2.7M$3.9M20x
Orderly PERP_BNB_USDC+0.0100%8h790.59+0.035%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h789.90−0.052%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.08+0.097%$51.9M$17.5M10xas long as short
Pacifica BNB+0.0100%1h790.49+0.022%$1.2M$914K20xas long as short
Bybit BNBUSDT+0.0100%8h790.50+0.024%$139.1M$75.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.20−0.014%$53.4M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h790.50+0.024%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.40+0.011%$35.5M$57.6M75xas long as short
KuCoin BNBUSDTMlong+0.0100%8h790.31long leg$27.7M$10.3M75x
Bitget BNBUSDT+0.0100%8h790.10−0.027%$76.6M$30.3M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h790.94+0.080%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.99−0.041%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h790.24−0.009%$4.1M$74.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.11−0.025%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h790.21−0.013%$133K$948K10xas long as short
Derive BNB-PERP+0.0100%1h790.65+0.042%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h790.88+0.072%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h790.60+0.037%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h789.97−0.043%$8.1M$9.3M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h790.94+0.080%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.98−0.041%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h790.40+0.011%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h790.39+0.010%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0138%8h790.74+0.054%$2.9M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0182%8h790.70+0.049%$105K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0191%8h790.83+0.066%$18.2M$2.2M75xas long as short
dYdX BNB-USD+0.0193%1h790.34+0.004%$160K$64K10xas long as short
01 Exchange BNBUSD+0.0272%1h790.85+0.068%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h790.95+0.080%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h789.99−0.041%$6K$3K40xas long as short
Bulk BNB-USD+0.0338%1h790.78+0.059%$640K$9K10xas long as short
RISEx BNB/USDC+0.0361%1h790.62+0.039%$1.1M$979K20xas long as short
Hibachi BNB/USDT-P+0.0568%1h790.39+0.010%$68K$38K12xas long as short