BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.067%

Price spread now: Lighter against 01 Exchange−0.077%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.077% cheaper against 01 Exchange than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	01 Exchange BNBUSD	800.38	0.0320	pay 0.0040% / 1h	5m 45s	$28K	$1K	10x
Short	Lighter BNB	799.77	0.0096	get 0.0012% / 1h	5m 45s	$2.8M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$47.04
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.71
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 7 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 01 Exchange no order-book sample	—	—	—	—	—
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

01 Exchange: 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 −0.0201% / S +0.0372%	1h	799.69	−0.086%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.63	−0.094%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	−0.013%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	−0.057%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.65	−0.091%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	−0.155%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	799.58	−0.100%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.16	−0.152%	$138.9M	$78.7M	75x	as long as short
Aster BNBUSDT	+0.0096%	8h	800.10	−0.035%	$6.3M	$18.9M	200x	as long as short
Lighter BNBshort	+0.0096%	1h	799.77	−0.077%	$2.8M	$4.2M	20x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.151%	$605K	$994K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.44	−0.118%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.61	−0.097%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.135%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.90	−0.060%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.25	−0.141%	$35.7M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.49	−0.111%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.26	−0.140%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.16	−0.027%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.019%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.69	−0.086%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.63	−0.094%	$386K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.75	−0.078%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.29	−0.011%	$12K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	−0.085%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.39	−0.124%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.12	−0.032%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.98	−0.175%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.77	−0.076%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	800.10	−0.035%	$116K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.30	−0.010%	$83.1M	$13.9M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.17	−0.026%	$500.5M	$818.1M	75x	as long as short
Phemex BNBUSDT	+0.0117%	8h	800.12	−0.032%	$70.0M	$51.2M	50x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	−0.044%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.08	−0.037%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.47	−0.114%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	799.23	−0.144%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0236%	8h	799.83	−0.069%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	−0.022%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.588%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0316%	1h	800.29	−0.011%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.75	−0.079%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSDlong	+0.0320%	1h	800.38	long leg	$28K	$1K	10x
Reya BNBRUSDPERP	+0.0332%	1h	799.38	−0.125%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0353%	1h	799.29	−0.136%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0565%	1h	800.36	−0.002%	$2.7M	$5.7M	40x	as long as short