Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter against Arcus−0.003%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 4 days (all we have)−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.003%, 7d avg −0.071%
=Together, before fees−0.157%+ Points / potential airdropLighter: Season 3 · farm board−$16 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 0.068% dearer against Arcus than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BNB-USD | 784.80 | 0.0100 | pay 0.0013% / 1h | 18m 37s | $52K | $125K | 10x |
| Short | Lighter BNB | 784.78 | 0.0096 | get 0.0012% / 1h | 18m 37s | $2.7M | $3.8M | 20x |
Arcus BNB-USD
Lighter BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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: −0.003% → −0.071%
- $6.83
- Slippage, 4 orders
- −$17.1
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.61
- Costs to cover
- 0.216%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 19 min ago; Lighter: live order book, 4 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 Arcus live order book, 19 min ago | 3.18 bp | 8.0 bp −$8 | 26.2 bp −$262 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.75 bp | 1.9 bp −$2 | 5.1 bp −$51 | 14.9 bp −$1,492 | 73.0 bp −$36.5K |
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 −0.0168% / S +0.0337% | 1h | 784.77 | −0.004% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.01 | +0.027% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 784.83 | +0.004% | $2.5M | $1.2M | 50x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 785.00 | +0.025% | $171K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.55 | +0.096% | $847K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.76 | −0.005% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.585% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 785.10 | +0.038% | $6.0M | $18.8M | 200x | as long as short |
| BingX BNB-USDT | +0.0038% | 8h | 784.77 | −0.004% | — | $22.1M | — | as long as short |
| MEXC BNB_USDT | +0.0048% | 8h | 785.80 | +0.127% | $80.8M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0049% | 8h | 785.06 | +0.033% | $488.0M | $819.6M | 75x | as long as short |
| Phemex BNBUSDT | +0.0073% | 8h | 785.35 | +0.070% | $68.6M | $51.1M | 50x | as long as short |
| Lighter BNBshort | +0.0096% | 1h | 784.78 | −0.003% | $2.7M | $3.8M | 20x | |
| Phoenix BNB | +0.0100% | 1h | 784.53 | −0.034% | $160K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.45 | −0.045% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.15 | +0.045% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.89 | +0.011% | $1.2M | $938K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.30 | −0.064% | $138.0M | $74.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.30 | −0.064% | $53.3M | $112.1M | 50x | as long as short |
| Arcus BNB-USDlong | +0.0100% | 1h | 784.80 | long leg | $52K | $125K | 10x | |
| Gate BNB_USDT | +0.0100% | 8h | 784.55 | −0.032% | $38.2M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.32 | −0.061% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.25 | −0.070% | $75.3M | $32.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.28 | +0.061% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 783.41 | −0.177% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 783.84 | −0.122% | $4.1M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.61 | −0.024% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.34 | −0.059% | $131K | $944K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.84 | +0.005% | $264K | $388K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.92 | +0.015% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.33 | +0.067% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 785.00 | +0.025% | $386K | $966K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.63 | −0.022% | $8.0M | $10.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.27 | +0.060% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.25 | −0.070% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.93 | +0.017% | $377K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 784.48 | −0.041% | $546K | $1.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0107% | 1h | 784.27 | −0.068% | $159K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0169% | 8h | 785.29 | +0.062% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 785.28 | +0.061% | $1.5M | $141K | 25x | as long as short |
| GRVT BNB_USDT_Perp | +0.0217% | 8h | 784.43 | −0.047% | $2.9M | $28.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0231% | 1h | 784.93 | +0.017% | $636K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 785.18 | +0.048% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0320% | 1h | 784.16 | −0.082% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 784.94 | +0.017% | $1.1M | $905K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0456% | 1h | 784.12 | −0.086% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
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
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P