BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.068%

Price spread now: Reya against Lighter+0.007%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 Reya

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 · Reya: Active · 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: +$7 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	789.41	0.0096	pay 0.0012% / 1h	40m 16s	$2.7M	$3.8M	20x
Short	Reya BNBRUSDPERP	789.46	0.0326	get 0.0041% / 1h	40m 16s	$6K	$3K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.007%Rate

Funding earned: $48.35
Price spread: +0.007% → 0.000%: $0.69
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $43.03
Costs to cover: 0.060%
Break-even: 0.8 days

Slippage unknown: Lighter: live order book, 12 min ago; Reya: 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, 12 min ago	0.75 bp	1.2 bp −$1	4.1 bp −$41	14.8 bp −$1,481	68.2 bp −$34.1K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.0184% / S +0.0349%	1h	789.63	+0.028%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.44	+0.131%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.05	+0.081%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.50	+0.012%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.987%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	790.50	+0.138%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	789.84	+0.055%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.005%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.70	+0.164%	$80.3M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0066%	8h	790.09	+0.086%	$493.1M	$789.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0069%	8h	789.96	+0.070%	$69.1M	$49.9M	50x	as long as short
Lighter BNBlong	+0.0096%	1h	789.41	long leg	$2.7M	$3.8M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	789.62	+0.027%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.75	+0.043%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.44	+0.131%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.30	+0.113%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.33	−0.010%	$138.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.30	−0.014%	$53.4M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.30	+0.113%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.70	+0.037%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.62	+0.027%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.19	−0.028%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.92	+0.065%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.90	−0.064%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.098%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.85	+0.056%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.73	+0.041%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.67	+0.033%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.13	+0.091%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.60	+0.024%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.71	+0.039%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.61	+0.153%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.05	−0.045%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.58	+0.021%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	−0.002%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0125%	1h	789.65	+0.031%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.89	+0.062%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	790.30	+0.113%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	790.09	+0.086%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	790.65	+0.157%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	−0.046%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.047%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.00	+0.074%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERPshort	+0.0326%	1h	789.46	+0.007%	$6K	$3K	40x
RISEx BNB/USDC	+0.0461%	1h	790.46	+0.133%	$1.1M	$973K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	789.42	+0.001%	$67K	$38K	12x	as long as short