Funding you earn now, next payment 22:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.104%
Price spread now: Polymarket Perps against dYdX−0.030%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$600.602% of the position
Funding, last 7 days−0.436%−$44 on $10k
+Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.030%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.032% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 804.85 | 0.0229 | pay 0.0029% / 1h | 2m 17s | $170K | $55K | 10x |
| Short | Polymarket Perps BNB-USD | 804.61 | 0.0100 | get 0.0013% / 1h | 2m 17s | $116K | $873K | 10x |
dYdX BNB-USD
Polymarket Perps BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against dYdX. 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
- −$27.1
- Price spread: −0.030% → +0.002%
- −$3.16
- Slippage, 4 orders
- −$42.21
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$90.47
- Costs to cover
- 0.602%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 22 min ago; Polymarket Perps: live order book, 21 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 dYdX live order book, 22 min ago | 12.51 bp | 26.8 bp −$27 | 155.3 bp −$1,553 | 272.1 bp −$27.2K | 509.6 bp −$254.8K |
| Sell Polymarket Perps live order book, 21 min ago | 2.54 bp | 6.6 bp −$7 | 6.8 bp −$68 | 14.0 bp −$1,396 | 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 | 804.57 | −0.034% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.26 | +0.051% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.57 | −0.035% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.30 | +0.056% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.74 | −0.014% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.62 | −0.029% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 804.71 | −0.017% | $2.5M | $928K | 50x | as long as short |
| Variational Omni BNB | +0.0048% | 8h | 803.61 | −0.153% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0056% | 8h | 804.76 | −0.011% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0079% | 8h | 804.20 | −0.081% | $139.6M | $81.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 804.54 | −0.038% | $607K | $881K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 804.84 | −0.001% | $2.8M | $4.2M | 20x | as long as short |
| Aster BNBUSDT | +0.0100% | 8h | 805.28 | +0.054% | $6.4M | $18.9M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 804.36 | −0.060% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.92 | +0.008% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.50 | −0.043% | $55.2M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.00 | +0.019% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.50 | −0.043% | $36.1M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.54 | −0.038% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.27 | −0.072% | $78.9M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.74 | −0.013% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.70 | −0.018% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USDshort | +0.0100% | 1h | 804.61 | −0.030% | $116K | $873K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.62 | −0.028% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 804.87 | +0.002% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.33 | +0.060% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 805.12 | +0.034% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.71 | −0.017% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.46 | +0.076% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.21 | −0.079% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.80 | −0.006% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0115% | 8h | 805.60 | +0.093% | $84.6M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0116% | 8h | 805.31 | +0.057% | $520.1M | $806.2M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 804.66 | −0.023% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0138% | 8h | 805.25 | +0.050% | $70.3M | $51.9M | 50x | as long as short |
| SoDEX BNB-USD | +0.0191% | 1h | 804.70 | −0.018% | $396K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0194% | 1h | 805.18 | +0.041% | $51.8M | $22.0M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.97 | +0.015% | $1.1M | $1.4M | 20x | as long as short |
| dYdX BNB-USDlong | +0.0229% | 1h | 804.85 | long leg | $170K | $55K | 10x | |
| BloFin BNB-USDT | +0.0236% | 8h | 805.43 | +0.072% | $18.9M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 804.97 | +0.015% | $71K | $48K | 12x | as long as short |
| Bulk BNB-USD | +0.0258% | 1h | 805.37 | +0.065% | $651K | $14K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 804.30 | −0.068% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 805.57 | +0.090% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | +0.005% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0655% | 1h | 805.81 | +0.119% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Phemex BNBUSDT
SoDEX BNB-USD
Hyperliquid BNB
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
Bulk BNB-USD
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP