Funding you earn now, next payment 07:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: Paradex against Lighter+0.032%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 · Paradex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.032% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BNB | 787.91 | 0.0096 | pay 0.0012% / 1h | 26m 51s | $2.7M | $3.8M | 20x |
| Short | Paradex BNB-USD-PERP | 788.16 | 0.0101 | get 0.0101% / 8h | 1h 26m | $78K | $18K | 50x |
Lighter BNB
Paradex BNB-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $0.97
- Price spread: +0.032% → 0.000%
- $3.23
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $0.2
- Costs to cover
- 0.040%
- Break-even
- 5.6 days
Slippage unknown: Lighter: live order book, 11 min ago; Paradex: 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, 11 min ago | 0.50 bp | 0.5 bp $0 | 3.2 bp −$32 | 15.1 bp −$1,508 | 80.0 bp −$40.0K |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 −0.0170% / S +0.0337% | 1h | 787.63 | −0.034% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.74 | −0.021% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.56 | −0.044% | $849K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.93 | −0.124% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.181% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0051% | 8h | 787.70 | −0.026% | — | $22.3M | — | as long as short |
| Aster BNBUSDT | +0.0051% | 8h | 788.08 | +0.022% | $6.1M | $18.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0065% | 8h | 788.08 | +0.022% | $490.8M | $817.1M | 75x | as long as short |
| MEXC BNB_USDT | +0.0065% | 8h | 788.70 | +0.101% | $81.1M | $12.1M | 200x | as long as short |
| dYdX BNB-USD | +0.0074% | 1h | 787.26 | −0.082% | $160K | $62K | 10x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDT
Aster BNBUSDT
Binance BNBUSDT
MEXC BNB_USDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0075% | 8h | 788.19 | +0.036% | $68.9M | $51.0M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.30 | −0.077% | $568K | $1.9M | 50x | as long as short |
| Lighter BNBlong | +0.0096% | 1h | 787.91 | long leg | $2.7M | $3.8M | 20x | |
| Nado BNB-PERP | +0.0100% | 1h | 787.50 | −0.052% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.20 | +0.037% | $51.6M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.79 | −0.015% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.40 | −0.064% | $138.6M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.40 | −0.064% | $53.5M | $113.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.70 | −0.026% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.60 | −0.039% | $37.5M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.25 | −0.083% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.36 | −0.069% | $76.2M | $31.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.03 | +0.016% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.11 | −0.228% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.78 | −0.016% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.02 | +0.014% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.51 | −0.050% | $132K | $951K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.63 | −0.035% | $265K | $470K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.03 | −0.238% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.10 | +0.025% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.70 | −0.026% | $387K | $982K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.47 | −0.056% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERPshort | +0.0101% | 8h | 788.16 | +0.032% | $78K | $18K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 787.21 | −0.088% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.62 | −0.036% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 787.67 | −0.030% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0138% | 8h | 787.80 | −0.013% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0185% | 8h | 788.11 | +0.026% | $17.7M | $2.2M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 787.39 | −0.066% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0229% | 8h | 787.15 | −0.096% | $2.9M | $29.4M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 788.12 | +0.027% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0291% | 1h | 787.29 | −0.078% | $638K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.07 | +0.020% | $1.5M | $145K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 786.91 | −0.127% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 787.87 | −0.005% | $1.1M | $915K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0520% | 1h | 787.21 | −0.088% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
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
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P