BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%

Price spread now: Lighter against Hotstuff−0.182%51s7-day average — · you buy dearer than you sell

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

Long on Hotstuff 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 airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.182% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 3.4 days of funding at the current rate (+$5 a day). The two prices were read 51 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	Hotstuff BNB-PERP	794.04	−0.0080	get 0.0010% / 1h	47m 50s	$4K	$239	25x
Short	Lighter BNB	792.59	0.0096	get 0.0012% / 1h	47m 50s	$2.8M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hotstuff. 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 HotstuffbpFee LighterbpOrdersPrice spread, now −0.182%Rate

Funding earned: $36.96
Price spread: −0.182% → 0.000%: −$18.2
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $13.76
Costs to cover: 0.050%
Break-even: 4.4 days

Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 5 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.67 bp	0.7 bp −$1	3.7 bp −$37	13.8 bp −$1,376	71.4 bp −$35.7K

Hotstuff: 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 −0.0161% / S +0.0334%	1h	792.45	−0.200%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.66	−0.174%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	794.04	long leg	$4K	$239	25x
Gate BNB_USDT	−0.0033%	8h	792.45	−0.200%	$35.5M	$55.2M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	792.87	−0.147%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	794.21	+0.021%	$858K	$3.0M	30x	as long as short
Variational Omni BNB	+0.0006%	8h	792.93	−0.140%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.45	−0.200%	$9.7M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	792.93	−0.140%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.392%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0038%	1h	792.47	−0.197%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0042%	8h	792.69	−0.170%	—	$35.0M	—	as long as short
Phemex BNBUSDT	+0.0046%	8h	792.94	−0.139%	$69.3M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.39	−0.334%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.30	−0.093%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	793.07	−0.122%	$493.4M	$817.2M	75x	as long as short
Bybit BNBUSDT	+0.0074%	8h	792.40	−0.207%	$138.0M	$77.0M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.247%	$170K	$36K	10x	as long as short
Lighter BNBshort	+0.0096%	1h	792.59	−0.182%	$2.8M	$3.9M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	792.57	−0.185%	$383K	$468K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.162%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.61	−0.054%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.40	−0.207%	$53.2M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.30	−0.093%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.54	−0.189%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.48	−0.196%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	792.62	−0.179%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.72	−0.040%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.88	−0.146%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.75	−0.163%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.16	−0.111%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.80	−0.156%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.23	−0.227%	$8.1M	$8.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.56	−0.061%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.25	−0.226%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.53	−0.191%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0115%	1h	793.21	−0.104%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.16	−0.110%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0139%	1h	794.97	+0.117%	$646K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	793.50	−0.068%	$106K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.003%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	793.66	−0.048%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.04	−0.126%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	791.96	−0.262%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0367%	1h	793.54	−0.063%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	793.77	−0.034%	$68K	$38K	12x	as long as short