Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%
Price spread now: Polymarket Perps against Backpack+0.004%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.004%, 7d avg −0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.058% dearer against Backpack than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 785.02 | 0.0100 | pay 0.0013% / 1h | 32m 06s | $2.2M | $6.1M | 40x |
| Short | Polymarket Perps BNB-USD | 785.05 | 0.0100 | get 0.0013% / 1h | 32m 06s | $131K | $952K | 10x |
Backpack BNB_USDC_PERP
Polymarket Perps BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Backpack. 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
- Price spread: +0.004% → −0.054%
- $5.81
- Slippage, 4 orders
- −$19.2
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$31.39
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 2 min ago; Polymarket Perps: live order book, 16 min ago.
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 Backpack live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 6.0 bp −$60 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 16 min ago | 2.99 bp | 8.3 bp −$8 | 8.7 bp −$87 | doesn't fit | doesn't fit |
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 −0.0192% / S +0.0356% | 1h | 784.91 | −0.014% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.20 | +0.023% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.53 | +0.065% | $847K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.92 | −0.012% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0029% | 8h | 784.95 | −0.009% | $6.1M | $19.0M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.557% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0041% | 8h | 784.76 | −0.033% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0049% | 8h | 785.30 | +0.036% | $68.7M | $50.7M | 50x | as long as short |
| MEXC BNB_USDT | +0.0052% | 8h | 785.40 | +0.048% | $79.6M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0053% | 8h | 784.81 | −0.027% | $488.5M | $809.0M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 784.65 | −0.047% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.23 | +0.154% | $576K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.94 | −0.010% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 785.01 | −0.001% | $264K | $490K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.15 | +0.017% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.05 | +0.004% | $51.5M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 785.34 | +0.041% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.25 | −0.098% | $137.7M | $74.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.20 | −0.104% | $53.2M | $112.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.40 | +0.048% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.30 | −0.092% | $36.3M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.44 | −0.074% | $27.5M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 783.99 | −0.131% | $75.9M | $30.8M | 75x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0100% | 1h | 785.02 | long leg | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 786.03 | +0.128% | $4.0M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.21 | +0.278% | $4.1M | $75.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.79 | +0.225% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USDshort | +0.0100% | 1h | 785.05 | +0.004% | $131K | $952K | 10x | |
| Derive BNB-PERP | +0.0100% | 1h | 785.10 | +0.010% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.88 | +0.110% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.90 | −0.015% | $386K | $994K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.86 | −0.021% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.60 | +0.074% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.59 | −0.055% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 785.13 | +0.014% | $377K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 785.73 | +0.090% | $169K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0116% | 1h | 784.98 | −0.005% | $159K | $61K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0139% | 8h | 785.10 | +0.010% | $141K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0173% | 8h | 785.44 | +0.054% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 785.32 | +0.038% | $1.5M | $143K | 25x | as long as short |
| GRVT BNB_USDT_Perp | +0.0205% | 8h | 786.66 | +0.209% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 785.77 | +0.096% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 785.69 | +0.085% | $637K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 784.81 | −0.027% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 785.54 | +0.066% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0488% | 1h | 785.56 | +0.069% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P