BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Aevo against Lighter−0.003%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.003%, 7d avg −0.011%

Together, before fees+0.055%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	793.49	0.0096	pay 0.0012% / 1h	44m 01s	$2.8M	$3.9M	20x
Short	Aevo BNB-PERP	793.46	0.0104	get 0.0013% / 1h	44m 01s	$381K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.003%Rate

Funding earned: $1.68
Price spread: −0.003% → −0.011%: $0.86
Slippage, 4 orders: −$15.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.29
Costs to cover: 0.318%
Break-even: 129.1 days

Slippage from Lighter: live order book, 8 min ago; Aevo: live order book, 25 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 Lighter live order book, 8 min ago	0.67 bp	1.0 bp −$1	4.2 bp −$42	13.5 bp −$1,349	64.9 bp −$32.4K
Sell Aevo live order book, 25 min ago	3.13 bp	14.5 bp −$15	21.0 bp −$210	25.4 bp −$2,536	doesn't fit

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 +0.0335%	1h	793.04	−0.057%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.33	−0.020%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	792.99	−0.062%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0015%	8h	793.15	−0.042%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.49	+0.001%	$858K	$3.1M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.053%	$3.0M	$28.4M	10x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.11	−0.047%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.121%	$4.1M	$5.0M	—	as long as short
Phemex BNBUSDT	+0.0024%	8h	793.91	+0.054%	$69.4M	$50.3M	50x	as long as short
Aster BNBUSDT	+0.0031%	8h	793.88	+0.050%	$6.1M	$19.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.463%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0036%	1h	792.49	−0.125%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0050%	8h	793.46	−0.003%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.122%	$608K	$1.1M	50x	as long as short
Binance BNBUSDT	+0.0061%	8h	794.08	+0.076%	$493.7M	$816.1M	75x	as long as short
MEXC BNB_USDT	+0.0062%	8h	794.10	+0.077%	$82.4M	$12.7M	200x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.177%	$170K	$36K	10x	as long as short
Lighter BNBlong	+0.0096%	1h	793.49	long leg	$2.8M	$3.9M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	793.19	−0.037%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.90	−0.074%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	792.80	−0.086%	$1.2M	$932K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.38	−0.013%	$138.2M	$77.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.30	−0.023%	$53.2M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.00	−0.061%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.14	−0.044%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.26	−0.028%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.14	−0.043%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.32	−0.021%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.00	−0.061%	$111K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.43	−0.007%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.35	−0.017%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.50	+0.002%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.02	−0.059%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.02	−0.059%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.15	−0.042%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	793.46	−0.003%	$381K	$110K	10x
Hyperliquid BNB	+0.0122%	1h	793.99	+0.064%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	792.98	−0.063%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	793.40	−0.011%	$110K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	−0.035%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.072%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.40	−0.011%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.66	−0.104%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0376%	1h	794.24	+0.095%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.78	+0.037%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	792.90	−0.074%	$68K	$38K	12x	as long as short