BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Derive against Lighter+0.011%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	793.43	0.0096	pay 0.0012% / 1h	48m 31s	$2.8M	$3.9M	20x
Short	Derive BNB-PERP	793.52	0.0100	get 0.0013% / 1h	48m 31s	$32K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.011%Rate

Funding earned: $0.84
Price spread: +0.011% → 0.000%: $1.14
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: −$4.02
Costs to cover: 0.060%
Break-even: 40.5 days

Slippage unknown: Lighter: live order book, 4 min ago; Derive: no order-book sample. 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 Lighter live order book, 4 min ago	0.67 bp	1.0 bp −$1	4.2 bp −$42	13.5 bp −$1,349	64.9 bp −$32.4K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	793.35	−0.010%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.48	+0.006%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.04	+0.077%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0033%	8h	793.25	−0.023%	$35.5M	$55.2M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	792.87	−0.071%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	794.21	+0.098%	$858K	$3.0M	30x	as long as short
Variational Omni BNB	+0.0006%	8h	792.93	−0.063%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.36	−0.010%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.469%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	793.68	+0.032%	$6.1M	$20.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0036%	8h	793.08	−0.044%	—	$13.3M	—	as long as short
Phemex BNBUSDT	+0.0040%	8h	793.92	+0.062%	$69.4M	$50.3M	50x	as long as short
dYdX BNB-USD	+0.0041%	1h	793.28	−0.019%	$160K	$63K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.39	−0.257%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.90	+0.059%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	793.49	+0.008%	$493.7M	$817.0M	75x	as long as short
Bybit BNBUSDT	+0.0074%	8h	792.70	−0.092%	$138.1M	$77.1M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.170%	$170K	$36K	10x	as long as short
Lighter BNBlong	+0.0096%	1h	793.43	long leg	$2.8M	$3.9M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	793.30	−0.016%	$383K	$468K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.086%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.61	+0.023%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.50	−0.117%	$53.3M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.30	−0.016%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.28	−0.019%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.12	−0.165%	$77.3M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	792.62	−0.103%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.72	+0.036%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.88	−0.069%	$112K	$887K	10x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	793.52	+0.011%	$32K	$9K	10x
SunX BNB-USDT	+0.0100%	8h	793.88	+0.056%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.50	+0.009%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.30	−0.016%	$8.1M	$8.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.56	+0.016%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.70	−0.092%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.41	−0.003%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0113%	1h	793.21	−0.028%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.16	−0.034%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0139%	1h	794.97	+0.194%	$646K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	794.00	+0.072%	$105K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.079%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	793.66	+0.029%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.82	+0.048%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	791.96	−0.186%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0366%	1h	794.44	+0.127%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	793.77	+0.042%	$68K	$38K	12x	as long as short