BNB

Alert

After costs, if the gap returns to its 7d average, $10k−$47

spread now−0.060%7d average+0.024%fees + slippage, in and out−$39spread needed0.389%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	798.62	0.0501	pay 0.0063% / 1h	0m 17s	$173K	$51K	10x
Short	Lighter BNB	798.15	0.0096	get 0.0012% / 1h	0m 17s	$2.6M	$3.4M	20x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee dYdXbpFee LighterbpOrdersClose when spread is

Spread captured: −$5.95
Funding while held: −$12.16
Slippage, 4 orders: −$28.9
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$57
Spread needed to break even: 0.389%

Slippage from dYdX: live order book, 45 min ago; Lighter: live order book, 4 min ago.

Cost of waiting

funding view

Funding /8h: −0.0405%
Per $10,000 a day: −$12.16
Average in range /8h: —

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 dYdX live order book, 45 min ago	12.54 bp	17.5 bp −$18	18.4 bp −$184	18.5 bp −$1,852	46.0 bp −$23.0K
Sell Lighter live order book, 4 min ago	1.13 bp	2.6 bp −$3	5.1 bp −$51	12.7 bp −$1,275	69.4 bp −$34.7K

BNB price on every exchange

against the cheapest. Click to use as the short leg.

Bybit797.60cheapest Nado797.66+0.007%Bitget797.74+0.018%KuCoin797.79+0.024%OKX797.80+0.025%Extended797.81+0.026%Reya797.92+0.040%Variational Omni797.93+0.041%Gate797.95+0.044%Kraken Futures798.09+0.062%Polymarket Perps798.13+0.066%

Lighter798.15+0.069%

SoDEX798.20+0.075%HTX798.23+0.079%Derive798.26+0.083%Pacifica798.27+0.084%gTrade (Gains Network)798.27+0.084%StandX798.28+0.085%GMX798.29+0.087%RISEx798.29+0.087%Arcus798.30+0.088%Orderly798.30+0.088%Aevo798.34+0.093%Hibachi798.45+0.106%Backpack798.46+0.108%Deribit798.47+0.109%Hotstuff798.55+0.119%SunX798.58+0.123%Phemex798.58+0.123%Kalshi798.60+0.125%BingX798.60+0.125%Binance798.61+0.127%Paradex798.62+0.128%

dYdX798.62+0.128%

Aster798.63+0.129%Injective798.65+0.132%BloFin798.66+0.133%01 Exchange798.84+0.155%Hyperliquid799.05+0.182%MEXC799.30+0.213%Phoenix799.37+0.222%Coinbase International799.45+0.232%Bulk799.62+0.253%ApeX Omni799.66+0.258%edgeX799.71+0.265%

BNB on 45 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit BNBUSDT	−0.128%	+0.0007%	8h	$139.0M	$91.6M	75x	as long as short
Nado BNB-PERP	−0.121%	+0.0100%	1h	$1.5M	$2.8M	20x	as long as short
Bitget BNBUSDT	−0.111%	+0.0100%	8h	$77.8M	$25.3M	75x	as long as short
KuCoin BNBUSDTM	−0.104%	+0.0100%	8h	$27.9M	$10.6M	75x	as long as short
OKX BNB-USDT-SWAP	−0.103%	+0.0100%	8h	$54.8M	$116.9M	50x	as long as short
Extended BNB-USD	−0.102%	+0.0104%	1h	$1.7M	$6.2M	50x	as long as short
Reya BNBRUSDPERP	−0.088%	+0.0329%	1h	$9K	—	40x	as long as short
Variational Omni BNB	−0.087%	+0.0034%	8h	$4.0M	$6.3M	—	as long as short
Gate BNB_USDT	−0.084%	+0.0100%	8h	$36.2M	$61.7M	75x	as long as short
Kraken Futures PF_BNBUSD	−0.066%	+0.0217%	1h	$2.5M	$901K	50x	as long as short

Show all 45 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps BNB-USD	−0.062%	+0.0100%	1h	$123K	$884K	10x	as long as short
Lighter BNBshort	−0.060%	+0.0096%	1h	$2.6M	$3.4M	20x
SoDEX BNB-USD	−0.053%	+0.0100%	1h	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	−0.050%	+0.0100%	8h	$8.2M	$6.2M	75x	as long as short
Derive BNB-PERP	−0.045%	+0.0100%	1h	$32K	$5K	10x	as long as short
Pacifica BNB	−0.044%	+0.0100%	1h	$1.2M	$912K	20x	as long as short
gTrade (Gains Network) BNB/USD	−0.044%	L +0.0008% / S −0.0008%	1h	$9.7M	—	150x	as long as short
StandX BNB-USD	−0.043%	0.0000%	1h	$863K	$3.4M	30x	as long as short
GMX BNB/USD [WBTC.b-USDC]	−0.042%	L −0.0187% / S +0.0364%	1h	$48K	—	200x	as long as short
RISEx BNB/USDC	−0.042%	+0.0271%	1h	$1.1M	$1.5M	20x	as long as short
Arcus BNB-USD	−0.041%	+0.0100%	1h	$52K	$244K	10x	as long as short
Orderly PERP_BNB_USDC	−0.041%	+0.0100%	8h	$322K	$658K	50x	as long as short
Aevo BNB-PERP	−0.036%	+0.0104%	1h	$383K	$40K	10x	as long as short
Hibachi BNB/USDT-P	−0.022%	+0.0152%	1h	$71K	$47K	12x	as long as short
Backpack BNB_USDC_PERP	−0.021%	+0.0100%	1h	$2.1M	$4.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	−0.020%	+0.0100%	1h	$1.6M	$168K	25x	as long as short
Hotstuff BNB-PERP	−0.009%	−0.0080%	1h	$4K	$1K	25x	as long as short
SunX BNB-USDT	−0.006%	+0.0100%	8h	$13K	$1.8M	50x	as long as short
Phemex BNBUSDT	−0.006%	+0.0076%	8h	$70.1M	$51.6M	50x	as long as short
Kalshi KXBNBPERP	−0.003%	0.0000%	8h	$192K	$2.8M	4.8x	as long as short
BingX BNB-USDC	−0.003%	+0.0012%	8h	—	$13.2M	—	as long as short
Binance BNBUSDT	−0.002%	+0.0114%	8h	$515.3M	$809.5M	75x	as long as short
Paradex BNB-USD-PERP	−0.001%	+0.0100%	8h	$78K	$369K	50x	as long as short
dYdX BNB-USDlong	0.000%	+0.0501%	1h	$173K	$51K	10x
Aster BNBUSDT	+0.001%	+0.0111%	8h	$6.2M	$19.2M	200x	as long as short
Injective BNB/USDC PERP	+0.003%	+0.0033%	1h	$19K	$437K	30x	as long as short
BloFin BNB-USDT	+0.005%	+0.0234%	8h	$19.0M	$2.9M	75x	as long as short
01 Exchange BNBUSD	+0.027%	+0.0264%	1h	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.053%	+0.0417%	1h	$51.9M	$21.7M	10x	as long as short
MEXC BNB_USDT	+0.085%	+0.0114%	8h	$83.8M	$17.0M	200x	as long as short
Phoenix BNB	+0.093%	+0.0145%	1h	$170K	$31K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.103%	+0.0064%	1h	$600K	$929K	50x	as long as short
Bulk BNB-USD	+0.125%	+0.0105%	1h	$649K	$132K	10x	as long as short
ApeX Omni BNBUSDT	+0.130%	+0.0100%	1h	$158K	$437K	50x	as long as short
edgeX BNBUSDC	+0.136%	+0.0100%	4h	$4.2M	$77.7M	30x	as long as short