Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.061%
Price spread now: Bulk against Polymarket Perps+0.154%52s7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.224% of the position
Funding, last 3 days (all we have)+0.222%+$22 on $10k
+Price spread, last 3 days (all we have)−0.240%−$24 · spread now +0.154%, 7d avg +0.098%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.056% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.098%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 803.85 | 0.0100 | pay 0.0013% / 1h | 56m 35s | $118K | $869K | 10x |
| Short | Bulk BNB-USD | 805.09 | 0.0140 | get 0.0018% / 1h | 56m 35s | $650K | $11K | 10x |
Polymarket Perps BNB-USD
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.42
- Price spread: +0.154% → +0.098%
- $5.58
- Slippage, 4 orders
- −$7.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$8.4
- Costs to cover
- 0.224%
- Break-even
- 14.0 days
Slippage from Polymarket Perps: live order book, 31 min ago; Bulk: live order book, 32 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, 31 min ago | 2.74 bp | 6.7 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 32 min ago | 0.31 bp | 3.9 bp −$4 | 4.8 bp −$48 | 10.1 bp −$1,012 | 20.1 bp −$10.0K |
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 | 803.78 | −0.009% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.18 | +0.041% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.27 | +0.177% | $3.0M | $30.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.00 | +0.019% | $109K | $2.6M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.53 | +0.085% | $870K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.83 | −0.003% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.88 | +0.004% | $2.5M | $916K | 50x | as long as short |
| Variational Omni BNB | +0.0067% | 8h | 804.96 | +0.138% | $4.1M | $5.4M | — | as long as short |
| Aster BNBUSDT | +0.0088% | 8h | 804.42 | +0.071% | $6.4M | $18.9M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 805.24 | +0.173% | $609K | $900K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
Aster BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 804.04 | +0.024% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.50 | −0.044% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.09 | +0.030% | $1.2M | $923K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 803.36 | −0.061% | $139.1M | $83.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.50 | −0.044% | $55.0M | $115.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.80 | −0.006% | $52K | $191K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 803.50 | −0.044% | $35.9M | $58.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.61 | −0.030% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.26 | −0.073% | $79.0M | $24.6M | 75x | as long as short |
| BingX BNB-USDC | +0.0100% | 8h | 804.00 | +0.019% | — | $13.3M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.56 | +0.213% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.39 | +0.192% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 803.85 | long leg | $118K | $869K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.90 | +0.006% | $388K | $595K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 804.07 | +0.027% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 804.12 | +0.033% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 803.90 | +0.006% | $395K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.94 | +0.011% | $8.2M | $7.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.30 | +0.056% | $78K | $19K | 50x | as long as short |
| Binance BNBUSDT | +0.0102% | 8h | 804.41 | +0.070% | $519.1M | $808.4M | 75x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 804.80 | +0.118% | $84.5M | $13.5M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.15 | −0.087% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.06 | +0.026% | $386K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0110% | 1h | 805.11 | +0.157% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0114% | 8h | 804.46 | +0.076% | $70.2M | $51.7M | 50x | as long as short |
| Bulk BNB-USDshort | +0.0140% | 1h | 805.09 | +0.154% | $650K | $11K | 10x | |
| dYdX BNB-USD | +0.0198% | 1h | 803.90 | +0.006% | $170K | $55K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 804.37 | +0.065% | $1.6M | $161K | 25x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 803.79 | −0.008% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0220% | 1h | 804.54 | +0.086% | $51.7M | $21.4M | 10x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 804.51 | +0.082% | $18.9M | $3.0M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 804.46 | +0.076% | $71K | $49K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 804.24 | +0.049% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 803.64 | −0.026% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.133% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0647% | 1h | 805.00 | +0.143% | $3.0M | $5.3M | 40x | as long as short |
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDC
edgeX BNBUSDC
ApeX Omni BNBUSDT
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Binance BNBUSDT
MEXC BNB_USDT
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Phemex BNBUSDT
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
Hyperliquid BNB
BloFin BNB-USDT
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP