Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Paradex−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.063% cheaper against Paradex than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BNB-USD-PERP | 796.08 | 0.0100 | pay 0.0100% / 8h | 7h 01m | $78K | $18K | 50x |
| Short | Lighter BNB | 795.57 | 0.0096 | get 0.0012% / 1h | 1m 55s | $2.8M | $4.0M | 20x |
Paradex BNB-USD-PERP
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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
- −$0.85
- Price spread: −0.063% → 0.000%
- −$6.33
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.18
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 6 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.73 bp | 0.8 bp −$1 | 4.3 bp −$43 | 13.9 bp −$1,393 | 68.6 bp −$34.3K |
Paradex: 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] | L −0.0159% / S +0.0335% | 1h | 795.56 | −0.065% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 795.39 | −0.086% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 795.78 | −0.037% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0013% | 8h | 795.25 | −0.104% | $35.8M | $57.3M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 797.56 | +0.186% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 796.93 | +0.107% | $861K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 795.56 | −0.065% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0009% | 8h | 796.50 | +0.054% | $4.1M | $5.1M | — | as long as short |
| Phemex BNBUSDT | +0.0013% | 8h | 795.81 | −0.033% | $69.5M | $50.2M | 50x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.132% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Phemex BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0042% | 8h | 795.91 | −0.021% | $6.2M | $19.6M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 796.73 | +0.082% | $610K | $1.1M | 50x | as long as short |
| BingX BNB-USDT | +0.0055% | 8h | 795.51 | −0.071% | — | $34.9M | — | as long as short |
| MEXC BNB_USDT | +0.0068% | 8h | 795.50 | −0.072% | $82.7M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0068% | 8h | 795.91 | −0.021% | $494.5M | $813.7M | 75x | as long as short |
| Bybit BNBUSDT | +0.0070% | 8h | 795.11 | −0.121% | $138.3M | $76.4M | 75x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 795.57 | −0.063% | $2.8M | $4.0M | 20x | |
| Phoenix BNB | +0.0099% | 1h | 797.27 | +0.150% | $171K | $36K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 795.56 | −0.065% | $384K | $468K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 795.45 | −0.079% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 795.92 | −0.020% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 795.20 | −0.110% | $53.9M | $110.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 795.80 | −0.035% | $52K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 794.50 | −0.198% | $27.8M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 794.43 | −0.207% | $77.8M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 797.71 | +0.205% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.08 | +0.252% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 795.56 | −0.065% | $111K | $887K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 795.71 | −0.045% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 796.12 | +0.006% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 795.60 | −0.060% | $391K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 795.40 | −0.085% | $8.2M | $8.4M | 75x | as long as short |
| Paradex BNB-USD-PERPlong | +0.0100% | 8h | 796.08 | long leg | $78K | $18K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 794.92 | −0.146% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 795.62 | −0.057% | $382K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0133% | 1h | 798.69 | +0.328% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 795.55 | −0.065% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0163% | 8h | 796.80 | +0.091% | $104K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0185% | 1h | 796.05 | −0.003% | $161K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0188% | 8h | 796.80 | +0.091% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 795.93 | −0.018% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 795.99 | −0.011% | $1.6M | $161K | 25x | as long as short |
| Hyperliquid BNB | +0.0277% | 1h | 796.11 | +0.004% | $52.9M | $20.1M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 795.25 | −0.103% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0400% | 1h | 797.86 | +0.224% | $68K | $38K | 12x | as long as short |
| Backpack BNB_USDC_PERP | +0.0426% | 1h | 796.26 | +0.023% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
Bybit BNBUSDT
Phoenix BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Hyperliquid BNB
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
Backpack BNB_USDC_PERP