Funding you earn now, next payment 06:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.045%
Price spread now: Bulk against Lighter−0.077%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$110.106% of the position
Funding, last 4 days (all we have)+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.077%, 7d avg +0.075%
=Together, before fees+0.376%+ Points / potential airdropLighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.152% cheaper against Lighter than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.075%). If the spread goes back, that is −$15 on $10k: about 3.2 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 786.83 | 0.0096 | pay 0.0012% / 1h | 34m 59s | $2.7M | $3.8M | 20x |
| Short | Bulk BNB-USD | 786.23 | 0.0256 | get 0.0032% / 1h | 34m 59s | $637K | $10K | 10x |
Lighter BNB
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $33.52
- Price spread: −0.077% → +0.075%
- −$15.21
- Slippage, 4 orders
- −$3.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $7.73
- Costs to cover
- 0.106%
- Break-even
- 5.4 days
Slippage from Lighter: live order book, 3 min ago; Bulk: live order book, 14 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, 3 min ago | 1.15 bp | 1.6 bp −$2 | 4.9 bp −$49 | 12.5 bp −$1,250 | 66.6 bp −$33.3K |
| Sell Bulk live order book, 14 min ago | 0.06 bp | 3.6 bp −$4 | 3.7 bp −$37 | 9.2 bp −$916 | 21.9 bp −$11.0K |
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 −0.0192% / S +0.0356% | 1h | 786.72 | −0.014% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.07 | +0.030% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.68 | −0.020% | $848K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.83 | 0.000% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0029% | 8h | 786.51 | −0.041% | $6.1M | $19.0M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.320% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0041% | 8h | 786.07 | −0.097% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0045% | 8h | 787.23 | +0.050% | $68.9M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0052% | 8h | 786.90 | +0.008% | $79.8M | $11.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0053% | 8h | 786.38 | −0.057% | $489.5M | $808.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 786.66 | −0.022% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.23 | −0.077% | $576K | $1.9M | 50x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 786.83 | long leg | $2.7M | $3.8M | 20x | |
| dYdX BNB-USD | +0.0099% | 1h | 786.41 | −0.054% | $159K | $61K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.90 | +0.008% | $265K | $490K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.70 | −0.017% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.81 | −0.003% | $51.6M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.04 | +0.026% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.72 | −0.142% | $138.0M | $74.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.60 | −0.157% | $53.4M | $112.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.80 | −0.004% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.90 | −0.119% | $36.3M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.70 | −0.144% | $27.5M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.67 | −0.148% | $76.0M | $30.7M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.83 | 0.000% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.03 | −0.102% | $4.0M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.25 | −0.074% | $4.1M | $75.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.54 | −0.037% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.69 | −0.018% | $131K | $952K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.07 | +0.030% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.53 | +0.088% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.00 | +0.021% | $387K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.53 | −0.039% | $8.0M | $9.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.96 | +0.016% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.64 | −0.152% | $1.8M | $6.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.93 | +0.013% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 786.44 | −0.050% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0144% | 8h | 786.90 | +0.008% | $141K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0173% | 8h | 787.24 | +0.052% | $17.8M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0205% | 8h | 786.66 | −0.022% | $2.9M | $29.3M | 10x | as long as short |
| Bulk BNB-USDshort | +0.0256% | 1h | 786.23 | −0.077% | $637K | $10K | 10x | |
| 01 Exchange BNBUSD | +0.0288% | 1h | 787.16 | +0.041% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.31 | +0.061% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 786.61 | −0.028% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 786.95 | +0.014% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0480% | 1h | 786.12 | −0.091% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P