Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Coinbase International against Polymarket Perps+0.199%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)−0.347%−$35 · spread now +0.199%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.212% dearer against Polymarket Perps than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 799.58 | 0.0100 | pay 0.0013% / 1h | 12m 17s | $121K | $874K | 10x |
| Short | Coinbase International BNB-PERP-INTX | 801.17 | 0.0096 | get 0.0012% / 1h | 12m 17s | $610K | $995K | 50x |
Polymarket Perps BNB-USD
Coinbase International BNB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$0.84
- Price spread: +0.199% → −0.013%
- $21.18
- Slippage, 4 orders
- −$13.53
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.18
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; Coinbase International: live order book, 6 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, 6 min ago | 2.06 bp | 6.5 bp −$7 | 6.7 bp −$67 | 16.4 bp −$1,638 | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 3.62 bp | 10.0 bp −$10 | 14.6 bp −$146 | doesn't fit | 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 −0.0201% / S +0.0372% | 1h | 799.59 | +0.001% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.96 | +0.048% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.94 | +0.170% | $3.0M | $29.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 800.30 | +0.090% | $147K | $2.8M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 800.45 | +0.109% | $865K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.62 | +0.005% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0035% | 8h | 799.95 | +0.046% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 799.65 | +0.009% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0067% | 8h | 799.10 | −0.060% | $139.1M | $79.3M | 75x | as long as short |
| Aster BNBUSDT | +0.0095% | 8h | 800.23 | +0.081% | $6.3M | $19.0M | 200x | 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
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 799.83 | +0.031% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTXshort | +0.0096% | 1h | 801.17 | +0.199% | $610K | $995K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 799.31 | −0.033% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.81 | +0.029% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.20 | −0.048% | $54.6M | $115.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.90 | +0.040% | $53K | $151K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.35 | −0.029% | $35.7M | $58.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.46 | −0.015% | $28.0M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.37 | −0.026% | $80.8M | $26.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.22 | +0.205% | $4.2M | $77.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.94 | +0.170% | $161K | $443K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 799.58 | long leg | $121K | $874K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.54 | −0.005% | $386K | $527K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.75 | +0.022% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.28 | +0.088% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.80 | +0.028% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.87 | +0.036% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.15 | +0.071% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.20 | −0.048% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.65 | +0.009% | $384K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 800.60 | +0.128% | $83.2M | $13.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0117% | 8h | 800.21 | +0.078% | $502.6M | $816.7M | 75x | as long as short |
| Phemex BNBUSDT | +0.0118% | 8h | 800.16 | +0.073% | $69.9M | $51.8M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 801.63 | +0.256% | $172K | $35K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0200% | 1h | 799.79 | +0.027% | $71K | $49K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 800.07 | +0.061% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0207% | 1h | 799.56 | −0.003% | $2.6M | $970K | 50x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 800.61 | +0.129% | $18.3M | $2.5M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.689% | $19K | $789K | 30x | as long as short |
| Bulk BNB-USD | +0.0314% | 1h | 802.70 | +0.390% | $652K | $21K | 10x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 799.85 | +0.033% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0320% | 1h | 800.55 | +0.121% | $51.8M | $21.9M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 800.27 | +0.086% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0324% | 1h | 799.94 | +0.045% | $161K | $62K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.29 | −0.037% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0584% | 1h | 800.49 | +0.114% | $2.7M | $5.7M | 40x | as long as short |
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
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
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Injective BNB/USDC PERP
Bulk BNB-USD
RISEx BNB/USDC
Hyperliquid BNB
01 Exchange BNBUSD
dYdX BNB-USD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP