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: Lighter against Reya+0.087%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Lighter

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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.087% dearer against Reya than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BNBRUSDPERP	788.80	0.0326	pay 0.0041% / 1h	39m 27s	$6K	$3K	40x
Short	Lighter BNB	789.49	0.0096	get 0.0012% / 1h	39m 27s	$2.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. 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 ReyabpFee LighterbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$48.34
Price spread: +0.087% → 0.000%: $8.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$45.63
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 13 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 13 min ago	0.75 bp	0.8 bp −$1	3.9 bp −$39	13.3 bp −$1,327	69.8 bp −$34.9K

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	789.17	+0.047%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.56	+0.096%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.05	+0.158%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.06	+0.033%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.065%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	789.68	+0.111%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.27	+0.059%	—	$34.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.082%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.00	+0.152%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.72	+0.116%	$492.9M	$788.6M	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	+0.147%	$69.1M	$49.9M	50x	as long as short
Lighter BNBshort	+0.0096%	1h	789.49	+0.087%	$2.7M	$3.8M	20x
Orderly PERP_BNB_USDC	+0.0100%	8h	789.00	+0.025%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	+0.038%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.74	+0.119%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.49	+0.087%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.78	−0.003%	$138.7M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−0.025%	$53.4M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	+0.063%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.00	+0.025%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.96	+0.020%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.80	0.000%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.67	+0.110%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.90	+0.013%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.175%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.91	+0.141%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.08	+0.035%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.67	+0.110%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.13	+0.168%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.60	+0.101%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.71	+0.116%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.76	+0.122%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.55	−0.032%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.58	+0.098%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	+0.075%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0125%	1h	789.65	+0.108%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.99	+0.151%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	790.30	+0.190%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	790.09	+0.163%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.57	+0.097%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	+0.031%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.124%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.00	+0.152%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERPlong	+0.0326%	1h	788.80	long leg	$6K	$3K	40x
RISEx BNB/USDC	+0.0461%	1h	789.39	+0.074%	$1.1M	$973K	20x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	789.96	+0.147%	$67K	$38K	12x	as long as short