BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against StandX+0.005%46s7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on StandX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.005%, 7d avg −0.086%

Together, before fees+0.019%+ Points / potential airdropStandX: Active · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.091% dearer against StandX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.086%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	803.38	0	get 0.0000% / 1h	45m 37s	$868K	$2.9M	30x
Short	Lighter BNB	803.42	0.0096	get 0.0012% / 1h	45m 37s	$2.8M	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against StandX. 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 StandXbpFee LighterbpOrdersPrice spread, now +0.005%Rate

Funding earned: $20.16
Price spread: +0.005% → −0.086%: $9.1
Slippage, 4 orders: −$15.03
Fee StandX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.23
Costs to cover: 0.230%
Break-even: 4.8 days

Slippage from StandX: 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 StandX live order book, 3 min ago	5.35 bp	9.6 bp −$10	13.2 bp −$132	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.69 bp	1.2 bp −$1	4.0 bp −$40	14.7 bp −$1,466	72.2 bp −$36.1K

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	803.28	−0.012%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.55	+0.021%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	803.22	−0.020%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	−0.041%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USDlong	0.0000%	1h	803.38	long leg	$868K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.33	−0.006%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	−0.166%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	802.98	−0.050%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0062%	8h	802.70	−0.085%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.331%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNBshort	+0.0096%	1h	803.42	+0.005%	$2.8M	$4.1M	20x
Nado BNB-PERP	+0.0100%	1h	802.81	−0.071%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.30	−0.010%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.70	−0.085%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.50	+0.015%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.90	−0.060%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.96	−0.052%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.80	−0.072%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.19	−0.024%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.77	−0.076%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.01	−0.046%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.31	−0.009%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.57	+0.024%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.93	+0.068%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.98	−0.050%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.64	+0.033%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.86	+0.059%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.64	−0.093%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.37	−0.002%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0110%	8h	803.95	+0.071%	$70.3M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.60	+0.027%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0124%	8h	803.90	+0.065%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.69	+0.038%	$502.7M	$817.8M	75x	as long as short
SoDEX BNB-USD	+0.0125%	1h	803.40	+0.002%	$395K	$1.0M	10x	as long as short
Phoenix BNB	+0.0127%	1h	803.03	−0.044%	$173K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	802.49	−0.111%	$71K	$49K	12x	as long as short
Hyperliquid BNB	+0.0240%	1h	803.76	+0.047%	$52.1M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.42	+0.005%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	803.22	−0.020%	$1.1M	$1.4M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.80	+0.052%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.213%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.025%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.71	−0.083%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0359%	1h	804.14	+0.095%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0376%	1h	803.92	+0.067%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	802.89	−0.061%	$162K	$62K	10x	as long as short