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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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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 −0.003%
Price spread now: Bybit against Polymarket Perps−0.051%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Long on Polymarket PerpsShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.086%−$9 on $10k
Price spread, last 3 days (all we have)−0.188%−$19 · spread now −0.051%, 7d avg −0.031%
Together, before fees−0.274%−$27 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: Bybit is 0.020% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BNB-USD803.850.0100pay 0.0013% / 1h57m 13s$118K$869K10x
ShortBybit BNBUSDT803.440.0100get 0.0100% / 8h2h 57m$139.1M$83.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.051% → −0.031%
−$2
Slippage, 4 orders
−$8.32
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$29.32
Costs to cover
0.273%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 30 min ago; Bybit: live order book, 2 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, 30 min ago2.74 bp6.7 bp −$77.3 bp −$73doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago0.62 bp6.1 bp −$68.3 bp −$8322.2 bp −$2,219141.1 bp −$70.5K

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%1h803.78−0.009%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.90+0.131%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.27+0.177%$3.0M$30.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.00+0.019%$109K$2.6M4.8xas long as short
StandX BNB-USD0.0000%1h804.53+0.085%$870K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.83−0.003%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.88+0.004%$2.5M$916K50xas long as short
Variational Omni BNB+0.0067%8h804.96+0.138%$4.1M$5.4M—as long as short
Coinbase International BNB-PERP-INTX+0.0088%1h805.24+0.173%$609K$900K50xas long as short
Aster BNBUSDT+0.0089%8h804.42+0.071%$6.4M$19.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h804.01+0.020%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.50−0.044%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h803.93+0.010%$1.2M$923K20xas long as short
Bybit BNBUSDTshort+0.0100%8h803.44−0.051%$139.1M$83.3M75x
OKX BNB-USDT-SWAP+0.0100%8h803.70−0.019%$55.0M$115.7M50xas long as short
Arcus BNB-USD+0.0100%1h803.90+0.006%$52K$191K10xas long as short
Gate BNB_USDT+0.0100%8h803.55−0.037%$35.9M$58.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.69−0.020%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.46−0.049%$79.1M$24.6M75xas long as short
BingX BNB-USDC+0.0100%8h804.29+0.055%—$13.3M—as long as short
edgeX BNBUSDC+0.0100%4h805.56+0.213%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.39+0.192%$159K$437K50xas long as short
Polymarket Perps BNB-USDlong+0.0100%1h803.85long leg$118K$869K10x
Orderly PERP_BNB_USDC+0.0100%8h803.90+0.006%$388K$595K50xas long as short
Derive BNB-PERP+0.0100%1h804.07+0.027%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.12+0.033%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h803.90+0.006%$395K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h803.94+0.011%$8.2M$7.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.26+0.051%$78K$19K50xas long as short
MEXC BNB_USDT+0.0102%8h805.00+0.143%$84.5M$13.5M200xas long as short
Binance BNBUSDT+0.0102%8h804.49+0.080%$519.1M$809.6M75xas long as short
Extended BNB-USD+0.0104%1h803.49−0.045%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.06+0.026%$386K$40K10xas long as short
Phoenix BNB+0.0110%1h805.11+0.157%$173K$35K10xas long as short
Phemex BNBUSDT+0.0114%8h804.46+0.076%$70.2M$51.7M50xas long as short
Bulk BNB-USD+0.0140%1h805.09+0.154%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.37+0.065%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0208%1h803.90+0.006%$170K$55K10xas long as short
RISEx BNB/USDC+0.0209%1h804.07+0.027%$1.1M$1.4M20xas long as short
Hyperliquid BNB+0.0211%1h804.55+0.087%$51.7M$21.3M10xas long as short
BloFin BNB-USDT+0.0222%8h804.51+0.082%$18.9M$3.0M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.46+0.076%$71K$49K12xas long as short
01 Exchange BNBUSD+0.0296%1h804.40+0.068%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0335%1h803.64−0.026%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.133%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0647%1h805.00+0.143%$3.0M$5.3M40xas long as short