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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.003%
Price spread now: Polymarket Perps against Binance−0.185%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Long on BinanceShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.185%, 7d avg −0.080%
Together, before fees+0.216%+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.105% cheaper against Binance than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of −0.080%). If the spread goes back, that is −$10 on $10k: about 14 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNBUSDT798.740.0075pay 0.0075% / 8h7h 18m$495.9M$811.7M75x
ShortPolymarket Perps BNB-USD797.260.0100get 0.0013% / 1h18m 15s$113K$884K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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

Funding earned
$5.17
Price spread: −0.185% → −0.080%
−$10.46
Slippage, 4 orders
−$6.41
Fee Binance: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$29.7
Costs to cover
0.244%
Break-even
47.2 days
Slippage from Binance: live order book, 11 min ago; Polymarket Perps: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.06 bp5.1 bp −$56.5 bp −$6516.6 bp −$1,656doesn't fit
Sell Polymarket Perps live order book, 55 min ago2.38 bp7.4 bp −$77.6 bp −$7613.2 bp −$1,315doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h797.78−0.120%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.96−0.097%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h797.57−0.146%$4K$23925xas long as short
Gate BNB_USDT−0.0011%8h797.95−0.098%$35.9M$56.8M75xas long as short
BingX BNB-USDC−0.0007%8h797.45−0.161%—$13.3M—as long as short
GRVT BNB_USDT_Perp0.0000%8h798.85+0.015%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.12+0.048%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72−0.127%$4.1M$5.0M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.76−0.122%$9.7M—150xas long as short
Bybit BNBUSDT+0.0013%8h797.91−0.103%$138.6M$76.3M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0030%8h798.80+0.008%$69.8M$50.2M50xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.795%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.042%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0053%8h797.76−0.122%$6.1M$19.4M200xas long as short
Binance BNBUSDTlong+0.0075%8h798.74long leg$495.9M$811.7M75x
MEXC BNB_USDT+0.0076%8h798.80+0.008%$83.1M$13.7M200xas long as short
Lighter BNB+0.0096%1h798.07−0.083%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13+0.049%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h796.70−0.255%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h797.18−0.195%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.10−0.080%$54.1M$111.0M50xas long as short
Arcus BNB-USD+0.0100%1h797.40−0.167%$52K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.09−0.081%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h797.87−0.108%$78.1M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h798.91+0.021%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.95+0.027%$161K$435K50xas long as short
Polymarket Perps BNB-USDshort+0.0100%1h797.26−0.185%$113K$884K10x
Orderly PERP_BNB_USDC+0.0100%8h797.96−0.097%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.11−0.079%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.58−0.020%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.10−0.080%$392K$997K10xas long as short
HTX BNB-USDT+0.0100%8h797.53−0.151%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h797.64−0.137%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h797.64−0.138%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h797.98−0.094%$383K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.117%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h797.23−0.189%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0158%8h798.80+0.008%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0196%8h798.72−0.002%$18.1M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h797.74−0.125%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.41−0.041%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0201%1h796.94−0.225%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0272%1h798.92+0.023%$68K$38K12xas long as short
Hyperliquid BNB+0.0295%1h799.00+0.033%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.06−0.210%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0424%1h799.12+0.048%$2.7M$5.7M40xas long as short