BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against Derive+0.004%7-day average — · you sell dearer than you buy

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

Long on Derive 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	804.36	0.0100	pay 0.0013% / 1h	5m 46s	$32K	$5K	10x
Short	Lighter BNB	804.39	0.0096	get 0.0012% / 1h	5m 46s	$2.8M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Derive. 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 DerivebpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$0.84
Price spread: +0.004% → 0.000%: $0.45
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.39
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Lighter: live order book, 12 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 Derive no order-book sample	—	—	—	—	—
Sell Lighter live order book, 12 min ago	0.62 bp	0.9 bp −$1	3.7 bp −$37	15.3 bp −$1,526	67.9 bp −$33.9K

Derive: 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 −0.0195% / S +0.0371%	1h	804.06	−0.037%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.60	+0.030%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.17	+0.101%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.90	+0.067%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.76	+0.050%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.10	−0.033%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.33	−0.003%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	+0.034%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	804.21	−0.019%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	803.66	−0.087%	$139.5M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.098%	$608K	$880K	50x	as long as short
Lighter BNBshort	+0.0096%	1h	804.39	+0.004%	$2.8M	$4.2M	20x
Aster BNBUSDT	+0.0098%	8h	804.76	+0.049%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.91	−0.056%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.36	0.000%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.90	−0.057%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.60	+0.030%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.05	−0.038%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.01	−0.043%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.86	−0.062%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.38	+0.126%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.81	+0.056%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.08	−0.035%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.16	−0.025%	$389K	$592K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	804.36	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	804.83	+0.058%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.61	+0.032%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.20	−0.019%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.82	+0.057%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.70	−0.081%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.31	−0.006%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0115%	8h	804.85	+0.060%	$520.0M	$805.6M	75x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.00	+0.080%	$84.5M	$13.7M	200x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.157%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	804.81	+0.056%	$70.2M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0189%	1h	804.20	−0.020%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0202%	1h	804.71	+0.044%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.54	+0.023%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0232%	1h	804.12	−0.030%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.16	+0.100%	$18.9M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.126%	$651K	$14K	10x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	804.72	+0.045%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.80	−0.070%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.02	+0.082%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.066%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0654%	1h	805.32	+0.119%	$3.0M	$5.5M	40x	as long as short