BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%

Price spread now: SoDEX against Lighter−0.009%7-day average −0.003% · 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−$13as in the Price arb table

costs, in and out, $10k−$120.120% of the position

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.009%, 7d avg −0.003%

Together, before fees−0.041%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	787.87	0.0096	pay 0.0012% / 1h	17m 46s	$2.7M	$3.9M	20x
Short	SoDEX BNB-USD	787.80	0.0100	get 0.0013% / 1h	17m 46s	$387K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Lighter. 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 LighterbpFee SoDEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0.84
Price spread: −0.009% → −0.003%: −$0.55
Slippage, 4 orders: −$3.96
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.67
Costs to cover: 0.120%
Break-even: 104.3 days

Slippage from Lighter: live order book, 5 min ago; SoDEX: live order book, 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, 5 min ago	0.75 bp	0.8 bp −$1	3.9 bp −$39	16.2 bp −$1,618	67.3 bp −$33.7K
Sell SoDEX live order book, 1 min ago	0.63 bp	5.0 bp −$5	8.4 bp −$84	82.0 bp −$8,196	doesn't fit

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	787.55	−0.040%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.50	−0.046%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.93	+0.008%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	+0.017%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.50	+0.080%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.62	−0.031%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	788.24	+0.047%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.186%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0036%	8h	787.95	+0.010%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0042%	8h	788.80	+0.118%	$80.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0042%	8h	788.23	+0.046%	$491.4M	$801.3M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	788.19	+0.041%	$68.9M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.086%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0089%	1h	787.91	+0.005%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.84	−0.004%	$169K	$35K	10x	as long as short
Lighter BNBlong	+0.0096%	1h	787.87	long leg	$2.7M	$3.9M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	787.69	−0.023%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.091%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.35	+0.061%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.48	−0.049%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	−0.034%	$138.6M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	−0.034%	$53.5M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	−0.047%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.70	−0.021%	$36.0M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.42	−0.057%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.55	−0.040%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.08	+0.027%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.058%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.023%	$4.1M	$74.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.86	−0.001%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.48	−0.049%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.71	−0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.89	+0.003%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	787.80	−0.009%	$387K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	787.32	−0.070%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.61	−0.033%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.28	−0.074%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.66	−0.026%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0163%	8h	788.16	+0.037%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0175%	8h	788.39	+0.066%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.053%	$638K	$10K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.12	+0.031%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.00	+0.017%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.20	−0.084%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.85	−0.002%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.61	−0.033%	$1.1M	$893K	20x	as long as short