Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.0195%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.056%
Price spread now: Polymarket Perps against Bulk−0.100%52s7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.209% of the position
Long on BulkShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.224%−$22 on $10k
Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.100%, 7d avg −0.097%
Together, before fees−0.097%−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD807.660.0295pay 0.0037% / 1h39m 40s$652K$14K10x
ShortPolymarket Perps BNB-USD806.850.0100get 0.0013% / 1h39m 40s$116K$870K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bulk. 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
−$40.89
Price spread: −0.100% → −0.097%
−$0.32
Slippage, 4 orders
−$5.91
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$62.13
Costs to cover
0.209%
Break-even
never at this rate
Slippage from Bulk: live order book, 44 min ago; Polymarket Perps: live order book, 43 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 Bulk live order book, 44 min ago0.06 bp3.6 bp −$43.7 bp −$376.0 bp −$59713.9 bp −$6,931
Sell Polymarket Perps live order book, 43 min ago2.54 bp6.6 bp −$76.8 bp −$6814.0 bp −$1,396doesn'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 −0.0201% / S +0.0372%1h806.94−0.089%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.78−0.109%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.21−0.180%$3.0M$29.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h807.40−0.032%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.73−0.115%$872K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.95−0.087%$9.8M—150xas long as short
Variational Omni BNB+0.0044%8h806.56−0.137%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0059%8h806.37−0.160%—$34.5M—as long as short
Bybit BNBUSDT+0.0083%8h806.00−0.206%$139.6M$81.1M75xas long as short
Hibachi BNB/USDT-P+0.0088%1h806.88−0.096%$72K$48K12xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h806.58−0.133%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.262%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h806.60−0.131%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.73−0.115%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.20−0.181%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h806.70−0.119%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.30−0.168%$36.1M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.39−0.157%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.83−0.227%$78.8M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.39−0.157%$4.2M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.49−0.145%$162K$440K50xas long as short
Polymarket Perps BNB-USDshort+0.0100%1h806.85−0.100%$116K$870K10x
Orderly PERP_BNB_USDC+0.0100%8h806.94−0.089%$390K$592K50xas long as short
Derive BNB-PERP+0.0100%1h807.23−0.053%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h807.57−0.012%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h806.92−0.092%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.09−0.071%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.91−0.216%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h807.04−0.077%$388K$40K10xas long as short
Aster BNBUSDT+0.0107%8h807.37−0.036%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0121%8h807.30−0.045%$84.8M$13.4M200xas long as short
Binance BNBUSDT+0.0122%8h806.97−0.085%$521.0M$803.4M75xas long as short
Phemex BNBUSDT+0.0132%8h807.53−0.016%$70.5M$51.7M50xas long as short
Phoenix BNB+0.0155%1h807.20−0.057%$173K$35K10xas long as short
SoDEX BNB-USD+0.0188%1h807.00−0.082%$397K$1.0M10xas long as short
dYdX BNB-USD+0.0195%1h806.57−0.135%$163K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h806.94−0.089%$2.5M$929K50xas long as short
Hyperliquid BNB+0.0213%1h807.40−0.032%$52.0M$21.8M10xas long as short
BloFin BNB-USDT+0.0241%8h807.24−0.052%$18.8M$2.6M75xas long as short
Bulk BNB-USDlong+0.0295%1h807.66long leg$652K$14K10x
Deribit BNB_USDC-PERPETUAL+0.0300%1h807.45−0.026%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.318%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.58−0.134%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h806.47−0.148%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0360%1h807.09−0.071%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0704%1h807.97+0.038%$3.0M$5.5M40xas long as short