Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h +0.002%

Price spread now: BingX against Polymarket Perps−0.008%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	799.82	0.0100	pay 0.0013% / 1h	31m 26s	$117K	$875K	10x
Short	BingX BNB-USDT	799.76	0.0043	get 0.0043% / 8h	31m 26s	—	$34.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$12.05
Price spread: −0.008% → 0.000%: −$0.75
Slippage, 4 orders: −$4.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.65
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 47 min ago; BingX: live order book, 7 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, 47 min ago	2.06 bp	6.5 bp −$7	6.7 bp −$67	16.4 bp −$1,638	doesn't fit
Sell BingX live order book, 7 min ago	0.13 bp	5.1 bp −$5	5.2 bp −$52	9.3 bp −$926	24.6 bp −$12.3K

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 −0.0201% / S +0.0372%	1h	799.88	+0.008%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.05	+0.029%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.66	−0.020%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.38	+0.070%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.78	+0.120%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.89	+0.009%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	799.96	+0.017%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDTshort	+0.0043%	8h	799.76	−0.008%	—	$34.8M	—
Bybit BNBUSDT	+0.0049%	8h	799.47	−0.044%	$138.7M	$77.8M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.009%	$606K	$993K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0094%	8h	800.34	+0.065%	$6.3M	$19.0M	200x	as long as short
Lighter BNB	+0.0096%	1h	800.03	+0.026%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.64	−0.023%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.92	+0.013%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.70	−0.015%	$54.5M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.20	+0.048%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.55	−0.034%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.60	−0.028%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.53	−0.036%	$79.3M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.074%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.089%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	799.82	long leg	$117K	$875K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	799.79	−0.004%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.05	+0.029%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.44	+0.078%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.90	+0.010%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.02	+0.025%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.27	+0.056%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.28	−0.068%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.93	+0.014%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	800.39	+0.071%	$69.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0115%	8h	800.70	+0.110%	$83.1M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	800.31	+0.061%	$499.7M	$815.8M	75x	as long as short
Kalshi KXBNBPERP	+0.0116%	8h	800.60	+0.098%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.57	+0.094%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	799.93	+0.014%	$70K	$44K	12x	as long as short
Hyperliquid BNB	+0.0186%	1h	800.62	+0.100%	$51.9M	$21.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.32	+0.062%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.43	+0.076%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.95	+0.016%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	800.36	+0.068%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.250%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.659%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.52	−0.037%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0393%	1h	800.10	+0.036%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0411%	1h	800.67	+0.106%	$2.7M	$5.7M	40x	as long as short