Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Nado+0.042%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$100.098% of the position
Funding, last 3 days (all we have)−0.003%$0 on $10k
+Price spread, last 7 days−0.077%−$8 · spread now +0.042%, 7d avg +0.009%
=Together, before fees−0.081%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$8 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 0.033% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BNB-PERP | 805.70 | 0.0100 | pay 0.0012% / 1h | 31m 36s | $1.4M | $2.8M | 20x |
| Short | Lighter BNB | 806.04 | 0.0096 | get 0.0012% / 1h | 31m 36s | $2.8M | $4.2M | 20x |
Nado BNB-PERP
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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: +0.042% → +0.009%
- $3.31
- Slippage, 4 orders
- −$2.75
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.29
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Lighter: live order book, 7 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 Nado live order book, 3 min ago | 0.12 bp | 4.6 bp −$5 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.18 bp | 0.2 bp $0 | 3.9 bp −$39 | 14.3 bp −$1,429 | 73.5 bp −$36.8K |
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 −0.0195% / S +0.0371% | 1h | 805.69 | −0.001% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.42 | +0.089% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.11 | −0.074% | $3.0M | $29.8M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.60 | +0.112% | $115K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.73 | −0.120% | $870K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0008% | 1h | 805.86 | +0.020% | $9.8M | — | 150x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 805.24 | −0.057% | $609K | $903K | 50x | as long as short |
| Variational Omni BNB | +0.0069% | 8h | 804.46 | −0.154% | $4.1M | $5.5M | — | as long as short |
| BingX BNB-USDT | +0.0074% | 8h | 805.96 | +0.032% | — | $34.4M | — | as long as short |
| Phemex BNBUSDT | +0.0089% | 8h | 806.75 | +0.130% | $70.5M | $51.4M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Coinbase International BNB-PERP-INTX
Variational Omni BNB
BingX BNB-USDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0094% | 8h | 807.00 | +0.161% | $85.2M | $14.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0094% | 8h | 806.50 | +0.099% | $519.7M | $806.8M | 75x | as long as short |
| Aster BNBUSDT | +0.0095% | 8h | 806.43 | +0.091% | $6.3M | $18.9M | 200x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 806.04 | +0.042% | $2.8M | $4.2M | 20x | |
| Nado BNB-PERPlong | +0.0100% | 1h | 805.70 | long leg | $1.4M | $2.8M | 20x | |
| Pacifica BNB | +0.0100% | 1h | 806.05 | +0.043% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 805.70 | 0.000% | $139.3M | $84.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.90 | +0.025% | $55.2M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.10 | +0.050% | $52K | $222K | 10x | as long as short |
| Bulk BNB-USD | +0.0100% | 1h | 806.70 | +0.124% | $652K | $11K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.65 | −0.006% | $36.1M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.83 | +0.016% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.56 | −0.017% | $79.1M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.33 | −0.046% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.27 | −0.053% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.72 | +0.002% | $119K | $876K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.27 | +0.071% | $390K | $596K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 806.42 | +0.089% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.26 | +0.070% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 806.40 | +0.087% | $397K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.10 | +0.050% | $8.2M | $7.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.56 | +0.107% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.67 | −0.004% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.49 | +0.097% | $387K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0110% | 1h | 805.55 | −0.019% | $173K | $35K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0131% | 1h | 806.19 | +0.061% | $2.5M | $915K | 50x | as long as short |
| RISEx BNB/USDC | +0.0143% | 1h | 806.17 | +0.059% | $1.1M | $1.4M | 20x | as long as short |
| Injective BNB/USDC PERP | +0.0157% | 1h | 800.33 | −0.667% | $19K | $423K | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 806.73 | +0.127% | $1.6M | $160K | 25x | as long as short |
| Hyperliquid BNB | +0.0214% | 1h | 806.82 | +0.139% | $51.8M | $21.5M | 10x | as long as short |
| BloFin BNB-USDT | +0.0214% | 8h | 806.63 | +0.115% | $18.8M | $3.0M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0224% | 1h | 805.20 | −0.062% | $72K | $48K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 806.73 | +0.128% | $29K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0336% | 1h | 805.46 | −0.030% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0388% | 1h | 805.88 | +0.023% | $171K | $55K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0625% | 1h | 807.04 | +0.166% | $3.0M | $5.3M | 40x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Aster BNBUSDT
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Bulk BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kraken Futures PF_BNBUSD
RISEx BNB/USDC
Injective BNB/USDC PERP
Deribit BNB_USDC-PERPETUAL
Hyperliquid BNB
BloFin BNB-USDT
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP