BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: Polymarket Perps against Coinbase International−0.175%7-day average +0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.325%+$32 · spread now −0.175%, 7d avg +0.013%

Together, before fees+0.418%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.189% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of +0.013%). If the spread goes back, that is −$19 on $10k: about 52 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.093% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	803.99	0.0088	pay 0.0011% / 1h	46m 39s	$608K	$888K	50x
Short	Polymarket Perps BNB-USD	802.58	0.0100	get 0.0013% / 1h	46m 39s	$118K	$868K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.175%Rate

Funding earned: $2.52
Price spread: −0.175% → +0.013%: −$18.86
Slippage, 4 orders: −$15.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$49.42
Costs to cover: 0.331%
Break-even: 144.3 days

Slippage from Coinbase International: live order book, 41 min ago; Polymarket Perps: live order book, 41 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 Coinbase International live order book, 41 min ago	3.05 bp	9.7 bp −$10	14.2 bp −$142	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 41 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	802.66	−0.165%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.36	−0.078%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.69	−0.162%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.20	−0.098%	$116K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.32	−0.083%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.76	−0.153%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.76	−0.153%	$2.5M	$909K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.228%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0070%	8h	802.80	−0.148%	—	$13.3M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	803.35	−0.080%	$6.3M	$18.8M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTXlong	+0.0088%	1h	803.99	long leg	$608K	$888K	50x
Bybit BNBUSDT	+0.0091%	8h	802.20	−0.223%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	803.03	−0.119%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.43	−0.194%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.99	−0.125%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.70	−0.160%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	−0.123%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.65	−0.167%	$36.0M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.66	−0.165%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.49	−0.187%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.91	−0.134%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	−0.083%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	802.58	−0.175%	$118K	$868K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	802.73	−0.157%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.86	−0.140%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.29	−0.088%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	−0.148%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.20	−0.098%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.95	−0.130%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.65	−0.043%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0101%	8h	803.90	−0.011%	$84.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.40	−0.073%	$518.2M	$803.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.50	−0.185%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.95	−0.129%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0121%	8h	803.22	−0.096%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.78	−0.150%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	−0.067%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0162%	1h	803.50	−0.061%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.22	−0.096%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	−0.075%	$18.8M	$3.0M	75x	as long as short
dYdX BNB-USD	+0.0224%	1h	803.00	−0.123%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.53	−0.182%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.69	−0.037%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.43	−0.194%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.116%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0698%	1h	803.75	−0.030%	$3.0M	$5.3M	40x	as long as short