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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against HTX−0.044%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.308% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 3 days (all we have)+0.189%+$19 · spread now −0.044%, 7d avg +0.010%
Together, before fees+0.168%+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.055% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT798.550.0100pay 0.0100% / 8h9m 03s$8.2M$8.0M75x
ShortPolymarket Perps BNB-USD798.200.0100get 0.0013% / 1h9m 03s$116K$874K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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
$0
Price spread: −0.044% → +0.010%
−$5.46
Slippage, 4 orders
−$10.81
Fee HTX: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$36.27
Costs to cover
0.308%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; Polymarket Perps: live order book, 4 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 HTX live order book, 5 min ago1.25 bp8.4 bp −$811.5 bp −$11560.0 bp −$6,002doesn't fit
Sell Polymarket Perps live order book, 4 min ago2.38 bp7.4 bp −$77.6 bp −$7613.2 bp −$1,315doesn'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%1h798.38−0.021%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.89+0.042%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h798.07−0.061%$2.5M$974K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.45−0.013%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.86+0.038%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.41−0.018%$9.7M150xas long as short
Variational Omni BNB+0.0008%8h797.53−0.128%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0033%8h798.34−0.027%$13.4Mas long as short
Bybit BNBUSDT+0.0037%8h798.00−0.069%$138.5M$76.8M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.14−0.052%$601K$984K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0082%8h798.79+0.030%$6.2M$19.1M200xas long as short
Lighter BNB+0.0096%1h798.38−0.022%$2.8M$4.1M20xas long as short
Phemex BNBUSDT+0.0098%8h798.74+0.023%$69.9M$50.6M50xas long as short
Nado BNB-PERP+0.0100%1h797.87−0.085%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.36−0.025%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.00−0.069%$54.3M$112.6M50xas long as short
Arcus BNB-USD+0.0100%1h798.40−0.019%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.00−0.069%$35.7M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.12−0.054%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h797.99−0.071%$79.0M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.97+0.052%$4.1M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.19+0.080%$161K$438K50xas long as short
Polymarket Perps BNB-USDshort+0.0100%1h798.20−0.044%$116K$874K10x
Orderly PERP_BNB_USDC+0.0100%8h798.24−0.039%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h798.45−0.013%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.72+0.020%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.40−0.019%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.76+0.026%$1.6M$165K25xas long as short
HTX BNB-USDTlong+0.0100%8h798.55long leg$8.2M$8.0M75x
Paradex BNB-USD-PERP+0.0100%8h798.68+0.016%$78K$19K50xas long as short
Binance BNBUSDT+0.0103%8h798.80+0.031%$497.6M$818.0M75xas long as short
MEXC BNB_USDT+0.0103%8h799.10+0.068%$83.0M$13.6M200xas long as short
Extended BNB-USD+0.0104%1h797.86−0.087%$1.7M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.44−0.014%$384K$40K10xas long as short
Phoenix BNB+0.0127%1h799.20+0.081%$172K$36K10xas long as short
Kalshi KXBNBPERP+0.0145%8h798.90+0.043%$90K$2.9M4.8xas long as short
Hibachi BNB/USDT-P+0.0160%1h798.59+0.004%$70K$43K12xas long as short
Bulk BNB-USD+0.0191%1h798.83+0.034%$649K$17K10xas long as short
BloFin BNB-USDT+0.0223%8h798.84+0.036%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0232%1h799.07+0.065%$52.5M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h798.15−0.050%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0272%1h798.61+0.007%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.818%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h797.79−0.095%$6K$3K40xas long as short
dYdX BNB-USD+0.0342%1h798.04−0.065%$161K$63K10xas long as short
Backpack BNB_USDC_PERP+0.0343%1h798.98+0.053%$2.7M$5.7M40xas long as short