Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.002%

Price spread now: Polymarket Perps against BingX+0.002%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now +0.002%, 7d avg −0.016%

Together, before fees+0.195%+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	803.83	0.0102	pay 0.0102% / 8h	2h 57m	—	$34.5M	—
Short	Polymarket Perps BNB-USD	803.85	0.0100	get 0.0013% / 1h	57m 02s	$118K	$869K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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 BingXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$0.42
Price spread: +0.002% → −0.016%: $1.86
Slippage, 4 orders: −$7.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.96
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Polymarket Perps: live order book, 31 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 BingX live order book, 12 min ago	0.12 bp	5.6 bp −$6	6.7 bp −$67	11.9 bp −$1,185	25.4 bp −$12.7K
Sell Polymarket Perps live order book, 31 min ago	2.74 bp	8.0 bp −$8	8.3 bp −$83	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 −0.0195% / S +0.0371%	1h	803.78	−0.006%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.90	+0.133%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.27	+0.179%	$3.0M	$30.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.00	+0.021%	$109K	$2.6M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.53	+0.087%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.83	0.000%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.88	+0.006%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0067%	8h	804.96	+0.141%	$4.1M	$5.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.24	+0.175%	$609K	$900K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	804.41	+0.072%	$6.4M	$19.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	804.01	+0.023%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.50	−0.041%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.93	+0.012%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	803.51	−0.040%	$139.1M	$83.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.70	−0.016%	$55.0M	$115.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.90	+0.009%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.65	−0.022%	$36.0M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.69	−0.017%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.58	−0.031%	$79.1M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.56	+0.216%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.39	+0.194%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	803.85	+0.002%	$118K	$869K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	803.90	+0.009%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.07	+0.030%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.12	+0.036%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	803.90	+0.009%	$395K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.94	+0.014%	$8.2M	$7.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.26	+0.054%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	805.00	+0.146%	$84.5M	$13.5M	200x	as long as short
BingX BNB-USDTlong	+0.0102%	8h	803.83	long leg	—	$34.5M	—
Binance BNBUSDT	+0.0102%	8h	804.55	+0.089%	$519.1M	$809.6M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	803.59	−0.030%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.06	+0.028%	$386K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.11	+0.159%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	804.46	+0.078%	$70.2M	$51.7M	50x	as long as short
Bulk BNB-USD	+0.0140%	1h	805.09	+0.156%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.37	+0.068%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0208%	1h	803.90	+0.009%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.07	+0.029%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0211%	1h	804.55	+0.090%	$51.7M	$21.3M	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	804.51	+0.085%	$18.9M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.46	+0.079%	$71K	$49K	12x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	804.40	+0.071%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	803.64	−0.023%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.136%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0647%	1h	805.00	+0.146%	$3.0M	$5.3M	40x	as long as short