Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Polymarket Perps+0.041%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.041%, 7d avg +0.020%
=Together, before fees−0.182%+ Points / potential airdropLighter: Season 3 · farm board−$18 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 0.021% dearer against Polymarket Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 799.78 | 0.0100 | pay 0.0013% / 1h | 5m 18s | $121K | $872K | 10x |
| Short | Lighter BNB | 800.11 | 0.0096 | get 0.0012% / 1h | 5m 18s | $2.8M | $4.2M | 20x |
Polymarket Perps BNB-USD
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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: +0.041% → +0.020%
- $2.07
- Slippage, 4 orders
- −$7.26
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.03
- Costs to cover
- 0.153%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 13 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 Polymarket Perps live order book, 13 min ago | 2.06 bp | 6.5 bp −$7 | 6.7 bp −$67 | 16.4 bp −$1,638 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.75 bp | 0.8 bp −$1 | 3.7 bp −$37 | 12.6 bp −$1,258 | 67.3 bp −$33.6K |
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 −0.0201% / S +0.0372% | 1h | 799.71 | −0.009% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.06 | +0.035% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.27 | +0.062% | $3.0M | $29.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.92 | +0.018% | $864K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.71 | −0.009% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0028% | 8h | 798.74 | −0.130% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 799.58 | −0.025% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0065% | 8h | 799.40 | −0.048% | $139.0M | $78.7M | 75x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 800.11 | +0.041% | $2.8M | $4.2M | 20x | |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 799.17 | −0.076% | $605K | $994K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0096% | 8h | 800.43 | +0.081% | $6.3M | $18.9M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.54 | −0.030% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.76 | −0.002% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.60 | −0.023% | $54.6M | $113.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.00 | +0.028% | $53K | $151K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.45 | −0.041% | $35.7M | $59.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.66 | −0.015% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.48 | −0.038% | $80.7M | $26.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.61 | −0.022% | $4.2M | $77.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.21 | +0.054% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 799.78 | long leg | $121K | $872K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.77 | −0.001% | $386K | $489K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.95 | +0.021% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.36 | +0.073% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.90 | +0.015% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.38 | −0.050% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.22 | +0.055% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.35 | −0.053% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.78 | 0.000% | $384K | $40K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0107% | 8h | 800.30 | +0.065% | $110K | $2.9M | 4.8x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 800.70 | +0.115% | $83.2M | $13.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0117% | 8h | 800.41 | +0.079% | $500.7M | $818.1M | 75x | as long as short |
| Phemex BNBUSDT | +0.0118% | 8h | 800.33 | +0.069% | $70.0M | $51.1M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 800.03 | +0.031% | $172K | $35K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0207% | 1h | 799.53 | −0.032% | $2.6M | $965K | 50x | as long as short |
| Hibachi BNB/USDT-P | +0.0224% | 1h | 799.23 | −0.069% | $71K | $48K | 12x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 800.44 | +0.083% | $18.3M | $2.5M | 75x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 800.20 | +0.053% | $650K | $21K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 800.24 | +0.057% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.664% | $19K | $789K | 30x | as long as short |
| Hyperliquid BNB | +0.0316% | 1h | 800.60 | +0.103% | $51.8M | $21.6M | 10x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 799.86 | +0.010% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 800.44 | +0.083% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.42 | −0.046% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0355% | 1h | 799.29 | −0.061% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0565% | 1h | 800.36 | +0.073% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
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
Kalshi KXBNBPERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Kraken Futures PF_BNBUSD
Hibachi BNB/USDT-P
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP