Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.038%

Price spread now: BloFin against Polymarket Perps+0.027%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.027%, 7d avg +0.088%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.061% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.088%). If the spread goes back, that is −$6 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	786.08	0.0100	pay 0.0013% / 1h	20m 47s	$131K	$951K	10x
Short	BloFin BNB-USDT	786.29	0.0179	get 0.0179% / 8h	2h 20m	$17.7M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $16.61
Price spread: +0.027% → +0.088%: −$6.14
Slippage, 4 orders: −$7.7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.23
Costs to cover: 0.277%
Break-even: 14.3 days

Slippage from Polymarket Perps: live order book, 27 min ago; BloFin: live order book, 3 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, 27 min ago	2.99 bp	7.0 bp −$7	7.0 bp −$70	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.19 bp	6.2 bp −$6	7.6 bp −$76	13.0 bp −$1,295	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 −0.0192% / S +0.0356%	1h	785.81	−0.034%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.62	+0.069%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.09	+0.001%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.97	−0.014%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.418%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	787.04	+0.122%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0042%	8h	785.56	−0.066%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	786.21	+0.017%	$68.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0057%	8h	787.10	+0.130%	$80.4M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.17	+0.139%	$490.5M	$812.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.48	−0.077%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.186%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.66	+0.074%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.86	−0.028%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.10	+0.003%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.12	+0.132%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.49	+0.052%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.43	+0.045%	$138.1M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	+0.041%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.40	+0.041%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.35	+0.034%	$36.6M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.71	−0.047%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.22	+0.018%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.97	−0.014%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.81	−0.034%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.00	−0.137%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.112%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	786.08	long leg	$131K	$951K	10x
Derive BNB-PERP	+0.0100%	1h	785.95	−0.017%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.85	+0.097%	$13K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.91	−0.022%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.55	+0.059%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.88	−0.025%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.62	−0.059%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	+0.032%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0116%	1h	785.70	−0.048%	$386K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0150%	8h	786.20	+0.015%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0162%	1h	786.37	+0.036%	$159K	$62K	10x	as long as short
BloFin BNB-USDTshort	+0.0179%	8h	786.29	+0.027%	$17.7M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.115%	$2.9M	$29.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.11	+0.004%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	786.95	+0.111%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.95	−0.016%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.087%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.50	+0.053%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	785.22	−0.110%	$67K	$39K	12x	as long as short