BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0257%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h −0.014%

Price spread now: Injective against Lighter−0.015%7-day average −0.380% · you buy dearer than you sell

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 3 days (all we have)−0.575%−$58 · spread now −0.015%, 7d avg −0.380%

Together, before fees−0.830%+ Points / potential airdropLighter: Season 3 · farm board−$83 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.365% dearer against Lighter than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.380%. Mind the row above: over the last 7 days funding on this pair cost −0.255%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BNB	805.01	0.0096	pay 0.0012% / 1h	3m 14s	$2.8M	$4.2M	20x
Short	Injective BNB/USDC PERP	804.89	0.0353	get 0.0044% / 1h	3m 14s	$19K	$627K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.015%Rate

Funding earned: $54.02
Price spread: −0.015% → −0.380%: $36.52
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $90.52
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Injective: 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	0.38 bp	1.6 bp −$2	4.4 bp −$44	15.6 bp −$1,560	67.5 bp −$33.7K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 −0.0195% / S +0.0371%	1h	804.67	−0.043%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.18	+0.021%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.57	−0.055%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.10	+0.011%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.20	−0.101%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.75	−0.032%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.92	−0.011%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	803.61	−0.173%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0056%	8h	804.71	−0.037%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	804.40	−0.076%	$139.6M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.54	−0.058%	$607K	$881K	50x	as long as short
Lighter BNBlong	+0.0096%	1h	805.01	long leg	$2.8M	$4.2M	20x
Aster BNBUSDT	+0.0099%	8h	805.39	+0.047%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.45	−0.070%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.93	−0.010%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	−0.063%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.00	−0.001%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.50	−0.063%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.59	−0.052%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.37	−0.079%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.74	−0.033%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.70	−0.038%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.62	−0.048%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.73	−0.035%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.00	−0.001%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.25	+0.030%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.30	+0.036%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.71	−0.037%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.38	+0.046%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.37	−0.079%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.93	−0.010%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.70	+0.086%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	805.46	+0.056%	$520.2M	$806.2M	75x	as long as short
Phoenix BNB	+0.0125%	1h	804.66	−0.043%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0138%	8h	805.43	+0.052%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0191%	1h	804.80	−0.026%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0198%	1h	805.18	+0.021%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.91	−0.012%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0230%	1h	804.85	−0.020%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.43	+0.052%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.10	−0.113%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.045%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.39	−0.076%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.61	+0.075%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERPshort	+0.0353%	1h	804.89	−0.015%	$19K	$627K	30x
Backpack BNB_USDC_PERP	+0.0655%	1h	805.81	+0.099%	$3.0M	$5.5M	40x	as long as short