Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against Lighter−0.082%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$70.074% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.082%, 7d avg −0.061%
=Together, before fees+0.096%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.021% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 784.89 | 0.0096 | pay 0.0012% / 1h | 32m 32s | $2.7M | $3.6M | 20x |
| Short | Extended BNB-USD | 784.25 | 0.0104 | get 0.0013% / 1h | 32m 32s | $1.8M | $5.8M | 50x |
Lighter BNB
Extended BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.082% → −0.061%
- −$2.12
- Slippage, 4 orders
- −$2.43
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$7.87
- Costs to cover
- 0.074%
- Break-even
- 39.8 days
Slippage from Lighter: live order book, 5 min ago; Extended: live order book, 6 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, 5 min ago | 0.71 bp | 0.7 bp −$1 | 4.1 bp −$41 | 15.7 bp −$1,571 | 71.8 bp −$35.9K |
| Sell Extended live order book, 6 min ago | 0.06 bp | 3.4 bp −$3 | 5.1 bp −$51 | doesn't fit | 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 −0.0166% / S +0.0337% | 1h | 784.67 | −0.028% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.08 | +0.024% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 784.95 | +0.008% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 786.06 | +0.149% | $3.0M | $27.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.43 | +0.069% | $847K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.79 | −0.012% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0021% | 8h | 785.16 | +0.034% | $5.9M | $18.4M | 200x | as long as short |
| BingX BNB-USDT | +0.0032% | 8h | 784.83 | −0.008% | — | $22.1M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.574% | $19K | $789K | 30x | as long as short |
| Binance BNBUSDT | +0.0038% | 8h | 785.03 | +0.018% | $487.9M | $809.4M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDT
Injective BNB/USDC PERP
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0038% | 8h | 786.30 | +0.180% | $82.3M | $12.2M | 200x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 784.89 | long leg | $2.7M | $3.6M | 20x | |
| Nado BNB-PERP | +0.0100% | 1h | 784.55 | −0.043% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.47 | +0.074% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.97 | +0.010% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.30 | −0.075% | $138.1M | $73.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.30 | −0.075% | $53.3M | $110.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.90 | +0.001% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.80 | −0.011% | $39.3M | $55.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.59 | −0.038% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.27 | −0.079% | $75.2M | $32.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.50 | +0.078% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.32 | +0.055% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.91 | +0.130% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.17 | +0.163% | $158K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.85 | −0.005% | $131K | $924K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.72 | −0.022% | $264K | $358K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 785.63 | +0.095% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.23 | +0.043% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.90 | +0.001% | $386K | $942K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.51 | −0.048% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.28 | +0.049% | $78K | $27K | 50x | as long as short |
| Extended BNB-USDshort | +0.0104% | 1h | 784.25 | −0.082% | $1.8M | $5.8M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 784.73 | −0.020% | $377K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0111% | 8h | 785.70 | +0.103% | $159K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 785.76 | +0.111% | $547K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 785.84 | +0.121% | $158K | $38K | 10x | as long as short |
| dYdX BNB-USD | +0.0148% | 1h | 784.84 | −0.006% | $157K | $65K | 10x | as long as short |
| BloFin BNB-USDT | +0.0153% | 8h | 785.36 | +0.060% | $17.8M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 785.13 | +0.031% | $1.5M | $141K | 25x | as long as short |
| Bulk BNB-USD | +0.0212% | 1h | 785.97 | +0.138% | $637K | $831 | 10x | as long as short |
| Phemex BNBUSDT | +0.0229% | 8h | 785.55 | +0.084% | $68.4M | $51.0M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 785.18 | +0.037% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 785.01 | +0.015% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 784.95 | +0.007% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 785.69 | +0.102% | $67K | $39K | 12x | as long as short |
MEXC BNB_USDT
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
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
dYdX BNB-USD
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
Phemex BNBUSDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P