Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Gate+0.029%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.029%, 7d avg +0.016%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	798.15	−0.0010	get 0.0010% / 8h	7h 19m	$35.9M	$56.8M	75x
Short	Polymarket Perps BNB-USD	798.38	0.0100	get 0.0013% / 1h	19m 30s	$113K	$884K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: $23.1
Price spread: +0.029% → +0.016%: $1.26
Slippage, 4 orders: −$10.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$8.65
Costs to cover: 0.330%
Break-even: 9.6 days

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 53 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 Gate live order book, 4 min ago	0.31 bp	8.8 bp −$9	11.4 bp −$114	29.2 bp −$2,922	60.3 bp −$30.2K
Sell Polymarket Perps live order book, 53 min ago	2.38 bp	7.4 bp −$7	7.6 bp −$76	13.2 bp −$1,315	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 −0.0159% / S +0.0335%	1h	798.39	+0.030%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.48	+0.041%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.74	+0.074%	$4K	$239	25x	as long as short
Gate BNB_USDTlong	−0.0010%	8h	798.15	long leg	$35.9M	$56.8M	75x
BingX BNB-USDC	−0.0007%	8h	798.45	+0.038%	—	$13.4M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	+0.088%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.95	+0.100%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.054%	$4.1M	$5.0M	—	as long as short
Phemex BNBUSDT	+0.0006%	8h	799.12	+0.122%	$69.8M	$50.2M	50x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.37	+0.028%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BNBUSDT	+0.0009%	8h	798.01	−0.018%	$138.6M	$76.3M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.870%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.115%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0054%	8h	798.81	+0.083%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0076%	8h	799.50	+0.169%	$83.1M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0076%	8h	798.92	+0.096%	$496.0M	$811.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.47	+0.040%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.123%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.10	−0.006%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.53	+0.048%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.00	−0.019%	$54.2M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	+0.056%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.20	+0.006%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.04	−0.014%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.095%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.100%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	798.38	+0.029%	$113K	$884K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	798.08	−0.009%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.64	+0.061%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.62	+0.059%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.70	+0.069%	$393K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.09	−0.007%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.96	+0.101%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.92	−0.029%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.57	+0.053%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.141%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.40	+0.032%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.10	+0.119%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	798.81	+0.083%	$18.0M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.86	+0.089%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0200%	1h	798.40	+0.031%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	798.92	+0.096%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0299%	1h	799.37	+0.153%	$53.1M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.98	+0.104%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.16	+0.001%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0411%	1h	799.63	+0.185%	$2.7M	$5.7M	40x	as long as short