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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Polymarket Perps−0.099%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Long on Polymarket PerpsShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 3 days (all we have)−0.085%−$9 · spread now −0.099%, 7d avg −0.042%
Together, before fees−0.105%−$10 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: Bitget is 0.057% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BNB-USD805.130.0100pay 0.0013% / 1h12m 47s$116K$873K10x
ShortBitget BNBUSDT804.330.0100get 0.0100% / 8h2h 12m$79.0M$24.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: −0.099% → −0.042%
−$5.7
Slippage, 4 orders
−$8.5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$34.2
Costs to cover
0.285%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 10 min ago; Bitget: live order book, 6 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 Polymarket Perps live order book, 10 min ago2.54 bp7.1 bp −$77.9 bp −$7915.6 bp −$1,562doesn't fit
Sell Bitget live order book, 6 min ago0.06 bp6.9 bp −$77.9 bp −$7913.5 bp −$1,353doesn'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 −0.0195% / S +0.0371%1h804.84−0.037%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.58+0.180%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h807.11+0.246%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.40+0.034%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.10+0.120%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.85−0.035%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h805.10−0.004%$2.5M$919K50xas long as short
Variational Omni BNB+0.0050%8h805.71+0.073%$4.1M$5.4M—as long as short
BingX BNB-USDC+0.0054%8h804.88−0.031%—$13.3M—as long as short
Bybit BNBUSDT+0.0079%8h804.50−0.078%$139.6M$81.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h805.15+0.002%$608K$883K50xas long as short
Lighter BNB+0.0096%1h805.01−0.015%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0097%8h805.40+0.033%$6.4M$18.9M200xas long as short
Nado BNB-PERP+0.0100%1h805.35+0.027%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.04−0.011%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.60−0.066%$55.2M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h806.10+0.120%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.70−0.053%$36.1M$59.0M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.81−0.040%$28.2M$10.5M75xas long as short
Bitget BNBUSDTshort+0.0100%8h804.33−0.099%$79.0M$24.8M75x
edgeX BNBUSDC+0.0100%4h806.79+0.207%$4.2M$77.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.36+0.153%$159K$437K50xas long as short
Polymarket Perps BNB-USDlong+0.0100%1h805.13long leg$116K$873K10x
Orderly PERP_BNB_USDC+0.0100%8h804.91−0.027%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h805.11−0.002%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.69+0.069%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.32+0.024%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h805.39+0.032%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.31+0.146%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.53−0.074%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.06−0.008%$387K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h805.70+0.071%$84.6M$13.7M200xas long as short
Binance BNBUSDT+0.0114%8h805.42+0.036%$520.6M$806.7M75xas long as short
Phoenix BNB+0.0125%1h806.89+0.219%$173K$35K10xas long as short
Phemex BNBUSDT+0.0131%8h805.52+0.048%$70.3M$51.8M50xas long as short
SoDEX BNB-USD+0.0194%1h804.90−0.029%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h805.89+0.094%$1.2M$1.5M20xas long as short
Hyperliquid BNB+0.0214%1h805.47+0.042%$51.9M$21.9M10xas long as short
Bulk BNB-USD+0.0217%1h806.94+0.225%$652K$11K10xas long as short
BloFin BNB-USDT+0.0235%8h805.62+0.061%$18.9M$3.1M75xas long as short
dYdX BNB-USD+0.0238%1h804.86−0.034%$170K$55K10xas long as short
Hibachi BNB/USDT-P+0.0248%1h806.29+0.144%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0334%1h804.70−0.054%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h806.38+0.155%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.030%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0651%1h805.95+0.102%$3.0M$5.5M40xas long as short