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= +0.3% APRpaid last 24h +0.011%

Price spread now: Binance against Polymarket Perps+0.080%7-day average +0.080% · 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−$25as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)−0.214%−$21 · spread now +0.080%, 7d avg +0.080%

Together, before fees−0.258%−$26 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	803.20	0.0100	pay 0.0013% / 1h	53m 20s	$118K	$869K	10x
Short	Binance BNBUSDT	803.84	0.0102	get 0.0102% / 8h	2h 53m	$518.5M	$807.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.080%Rate

Funding earned: $0.5
Price spread: +0.080% → +0.080%: −$0.05
Slippage, 4 orders: −$7.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.77
Costs to cover: 0.252%
Break-even: 355.4 days

Slippage from Polymarket Perps: live order book, 34 min ago; Binance: live order book, 6 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, 34 min ago	2.74 bp	6.7 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.06 bp	5.5 bp −$5	7.8 bp −$78	15.6 bp −$1,561	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	803.20	−0.001%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.07	−0.016%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.43	+0.153%	$3.0M	$30.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.50	+0.037%	$109K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.20	0.000%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.27	+0.009%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.88	−0.039%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	+0.018%	$4.1M	$5.3M	—	as long as short
Aster BNBUSDT	+0.0087%	8h	803.81	+0.076%	$6.3M	$18.9M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.098%	$608K	$899K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.01	−0.023%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.76	−0.055%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.10	−0.012%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	802.73	−0.059%	$139.0M	$83.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.90	−0.037%	$55.0M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.50	+0.037%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.95	−0.031%	$35.9M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.10	−0.012%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.87	−0.041%	$79.0M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.47	+0.158%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.95	+0.093%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	803.20	long leg	$118K	$869K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	803.05	−0.019%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.26	+0.007%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.91	+0.088%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	−0.050%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.27	+0.008%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.81	−0.049%	$8.2M	$7.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.76	+0.070%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	804.20	+0.125%	$84.3M	$13.5M	200x	as long as short
BingX BNB-USDC	+0.0102%	8h	803.58	+0.047%	—	$13.3M	—	as long as short
Binance BNBUSDTshort	+0.0102%	8h	803.84	+0.080%	$518.5M	$807.4M	75x
Extended BNB-USD	+0.0104%	1h	802.62	−0.072%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.04	−0.019%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0121%	8h	803.43	+0.029%	$70.1M	$51.8M	50x	as long as short
Phoenix BNB	+0.0125%	1h	805.11	+0.238%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0140%	1h	805.09	+0.235%	$650K	$11K	10x	as long as short
dYdX BNB-USD	+0.0172%	1h	803.01	−0.024%	$170K	$55K	10x	as long as short
Hyperliquid BNB	+0.0196%	1h	803.94	+0.092%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.67	+0.058%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	804.78	+0.197%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.12	−0.010%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	804.35	+0.143%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	803.06	−0.018%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.214%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0657%	1h	803.99	+0.098%	$3.0M	$5.3M	40x	as long as short