Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.026%
Price spread now: gTrade (Gains Network) against Lighter−0.027%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2722.717% of the position
Funding, last 3 days (all we have)−0.085%−$8 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.027%, 7d avg −0.022%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 789.88 | 0.0096 | pay 0.0012% / 1h | 28m 01s | $2.8M | $3.9M | 20x |
| Short | gTrade (Gains Network) BNB/USD | 789.67 | L +0.0008% / S −0.0007% | get 0.0001% / 1h | 28m 01s | $9.6M | — | 150x |
Lighter BNB
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Lighter. 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
- −$18.68
- Price spread: −0.027% → −0.022%
- −$0.44
- Slippage, 4 orders
- −$261.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$290.78
- Costs to cover
- 2.717%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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 Lighter live order book, 4 min ago | 0.75 bp | 0.8 bp −$1 | 3.6 bp −$36 | 13.9 bp −$1,385 | 67.2 bp −$33.6K |
| Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 −0.0167% / S +0.0335% | 1h | 789.52 | −0.046% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 790.27 | +0.049% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 791.34 | +0.185% | $855K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0008% / S −0.0007% | 1h | 789.67 | −0.027% | $9.6M | — | 150x | |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.926% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 789.79 | −0.011% | $617K | $1.8M | 50x | as long as short |
| Aster BNBUSDT | +0.0049% | 8h | 790.11 | +0.029% | $6.3M | $18.7M | 200x | as long as short |
| BingX BNB-USDT | +0.0059% | 8h | 789.78 | −0.013% | — | $34.3M | — | as long as short |
| MEXC BNB_USDT | +0.0076% | 8h | 790.70 | +0.104% | $80.3M | $12.4M | 200x | as long as short |
| Phemex BNBUSDT | +0.0076% | 8h | 790.31 | +0.054% | $69.2M | $51.1M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0076% | 8h | 790.02 | +0.018% | $493.9M | $803.9M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 789.57 | −0.039% | $2.5M | $1.2M | 50x | as long as short |
| Variational Omni BNB | +0.0096% | 8h | 790.49 | +0.077% | $4.1M | $4.6M | — | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 789.88 | long leg | $2.8M | $3.9M | 20x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.56 | −0.041% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.50 | −0.048% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 790.23 | +0.044% | $51.8M | $18.1M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 790.15 | +0.034% | $1.2M | $908K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.40 | −0.061% | $138.9M | $77.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.50 | −0.048% | $53.5M | $112.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 790.00 | +0.015% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.55 | −0.042% | $35.3M | $57.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.44 | −0.056% | $27.7M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.31 | −0.072% | $76.9M | $30.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.90 | +0.003% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 790.40 | +0.065% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 791.27 | +0.176% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.51 | −0.047% | $135K | $948K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.76 | −0.015% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 790.35 | +0.059% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.88 | 0.000% | $8.1M | $9.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0103% | 8h | 790.58 | +0.088% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 789.34 | −0.069% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.68 | −0.026% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 791.21 | +0.168% | $170K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0131% | 1h | 789.80 | −0.010% | $388K | $1.0M | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0142% | 8h | 791.40 | +0.192% | $2.9M | $28.2M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0191% | 8h | 790.30 | +0.053% | $91K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0196% | 8h | 791.07 | +0.151% | $18.1M | $2.3M | 75x | as long as short |
| dYdX BNB-USD | +0.0235% | 1h | 790.32 | +0.056% | $160K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 790.18 | +0.038% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 789.32 | −0.071% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 789.97 | +0.011% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USD | +0.0383% | 1h | 789.79 | −0.011% | $640K | $6K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 790.09 | +0.026% | $1.5M | $143K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0600% | 1h | 790.75 | +0.110% | $68K | $38K | 12x | as long as short |
Binance BNBUSDT
Kraken Futures PF_BNBUSD
Variational Omni BNB
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
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
SoDEX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P