BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0433%/8h= −47.4% APRnext payment −$0.54 per $10,000 · paid last 24h −0.118%

Price spread now: GMX against Lighter−0.014%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	784.71	0.0096	pay 0.0012% / 1h	16m 53s	$2.7M	$3.8M	20x
Short	GMX BNB/USD [WBTC.b-USDC]	784.60	L −0.0168% / S +0.0337%	pay 0.0042% / 1h	16m 53s	$43K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$90.83
Price spread: −0.014% → 0.000%: −$1.4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$104.23
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; GMX: 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, 6 min ago	0.75 bp	1.9 bp −$2	4.2 bp −$42	14.9 bp −$1,487	70.7 bp −$35.4K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.0168% / S +0.0337%	1h	784.60	−0.014%	$43K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	784.83	+0.016%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.67	−0.005%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.30	+0.076%	$170K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.26	+0.070%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.58	−0.016%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.598%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	785.39	+0.087%	$6.0M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0039%	8h	784.58	−0.016%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.80	+0.139%	$80.8M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0049%	8h	785.39	+0.087%	$488.2M	$816.7M	75x	as long as short
Phemex BNBUSDT	+0.0075%	8h	785.26	+0.070%	$68.5M	$51.1M	50x	as long as short
Lighter BNBlong	+0.0096%	1h	784.71	long leg	$2.7M	$3.8M	20x
Phoenix BNB	+0.0100%	1h	785.13	+0.054%	$159K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.35	−0.046%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.23	+0.067%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.76	+0.007%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.55	−0.020%	$138.1M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	−0.014%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.70	−0.001%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.75	+0.005%	$38.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.52	−0.024%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.43	−0.035%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.10	+0.050%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−0.165%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.01	+0.039%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	+0.091%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.31	−0.051%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.64	−0.009%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.56	−0.019%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.00	+0.037%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.80	+0.012%	$386K	$965K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.63	−0.010%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.12	+0.052%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.40	−0.040%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.68	−0.003%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−0.029%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0109%	1h	784.27	−0.056%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	785.10	+0.050%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	785.43	+0.092%	$2.9M	$28.3M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	+0.028%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.03	+0.041%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.05	+0.044%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.16	−0.070%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.87	+0.020%	$1.1M	$904K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.71	0.000%	$67K	$39K	12x	as long as short