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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.065%
Price spread now: Lighter against GMX−0.082%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GMXShort 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
Funding pays, the price is against you. Lighter is 0.082% cheaper against GMX than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 23 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]788.21L −0.0192% / S +0.0356%get 0.0024% / 1h20m 31s$46K—200x
ShortLighter BNB787.560.0096get 0.0012% / 1h20m 31s$2.7M$3.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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

Funding earned
$60.45
Price spread: −0.082% → 0.000%
−$8.23
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$40.22
Costs to cover
0.120%
Break-even
2.3 days
Slippage unknown: GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Lighter live order book, 7 min ago0.53 bp1.4 bp −$14.6 bp −$4612.6 bp −$1,25968.8 bp −$34.4K
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]longL −0.0192% / S +0.0356%1h788.21long leg$46K—200x
Kraken Futures PF_BNBUSD−0.0124%1h787.60−0.077%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h787.93−0.035%$4K$4225xas long as short
Kalshi KXBNBPERP0.0000%8h788.10−0.014%$126K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h788.56+0.044%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h788.26+0.006%$9.5M—150xas long as short
Aster BNBUSDT+0.0023%8h788.77+0.071%$6.1M$18.8M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.142%$19K$789K30xas long as short
BingX BNB-USDC+0.0036%8h787.94−0.034%—$13.4M—as long as short
Binance BNBUSDT+0.0043%8h788.81+0.076%$491.8M$800.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0043%8h789.40+0.151%$80.0M$12.0M200xas long as short
Phemex BNBUSDT+0.0045%8h787.91−0.038%$68.9M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h787.19−0.129%$588K$1.9M50xas long as short
Phoenix BNB+0.0092%1h788.22+0.001%$169K$35K10xas long as short
dYdX BNB-USD+0.0093%1h787.87−0.044%$159K$63K10xas long as short
Lighter BNBshort+0.0096%1h787.56−0.082%$2.7M$3.9M20x
Orderly PERP_BNB_USDC+0.0100%8h787.73−0.061%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h788.00−0.027%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.81+0.076%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h787.83−0.048%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h788.16−0.006%$138.7M$73.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.10−0.014%$53.5M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h788.30+0.011%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h788.00−0.027%$36.0M$57.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.04−0.021%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.08−0.016%$76.3M$30.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.75−0.058%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.41−0.101%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h788.22+0.001%$4.1M$74.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.44+0.029%$159K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.16−0.006%$132K$955K10xas long as short
Derive BNB-PERP+0.0100%1h787.76−0.057%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.40+0.024%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.80−0.052%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h787.46−0.095%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.36+0.019%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.64−0.073%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.72−0.063%$378K$110K10xas long as short
BloFin BNB-USDT+0.0163%8h788.23+0.003%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0174%8h788.49+0.035%$2.9M$28.7M10xas long as short
Bulk BNB-USD+0.0193%1h788.28+0.009%$638K$10K10xas long as short
01 Exchange BNBUSD+0.0240%1h788.79+0.074%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.11−0.012%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0324%1h788.00−0.026%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0408%1h787.79−0.053%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h788.50+0.036%$1.1M$893K20xas long as short