Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.011%

Price spread now: Aster against Polymarket Perps+0.081%7-day average +0.081% · 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−$23as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.081%, 7d avg +0.081%

Together, before fees−0.190%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	805.13	0.0100	pay 0.0013% / 1h	13m 29s	$116K	$873K	10x
Short	Aster BNBUSDT	805.78	0.0098	get 0.0098% / 8h	2h 13m	$6.4M	$18.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$0.39
Price spread: +0.081% → +0.081%: $0.05
Slippage, 4 orders: −$7.46
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.8
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 10 min ago; Aster: live order book, 5 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 Polymarket Perps live order book, 10 min ago	2.54 bp	7.1 bp −$7	7.9 bp −$79	15.6 bp −$1,562	doesn't fit
Sell Aster live order book, 5 min ago	0.37 bp	5.0 bp −$5	6.0 bp −$60	19.5 bp −$1,955	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	806.00	+0.108%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.58	+0.180%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.11	+0.246%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.60	+0.183%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.10	+0.120%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.03	+0.112%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.13	+0.125%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	+0.073%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	805.68	+0.068%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	804.72	−0.051%	$139.7M	$82.2M	75x	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-INTX	+0.0088%	1h	806.90	+0.220%	$610K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	805.85	+0.089%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDTshort	+0.0098%	8h	805.78	+0.081%	$6.4M	$18.8M	200x
Nado BNB-PERP	+0.0100%	1h	805.35	+0.027%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.93	+0.099%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.80	−0.041%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.120%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.50	+0.046%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.52	+0.048%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.56	−0.071%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.207%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.153%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	805.13	long leg	$116K	$873K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	806.05	+0.114%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.26	+0.140%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.59	+0.182%	$14K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.50	+0.170%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.22	+0.135%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.31	+0.146%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.25	+0.015%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.15	+0.127%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	806.60	+0.183%	$84.7M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.70	+0.071%	$520.8M	$805.9M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.219%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0128%	8h	806.69	+0.194%	$70.4M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0197%	1h	806.20	+0.133%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.89	+0.094%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0214%	1h	805.78	+0.081%	$52.0M	$21.9M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	+0.225%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	807.00	+0.232%	$18.8M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	805.64	+0.064%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.29	+0.144%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.70	−0.054%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.38	+0.155%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.030%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	807.02	+0.235%	$3.0M	$5.5M	40x	as long as short