Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Polymarket Perps−0.074%64s7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.282% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.074%, 7d avg +0.068%

Together, before fees+0.115%+ Points / potential airdropedgeX: Active · farm board+$11 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: edgeX is 0.142% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 64 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	799.23	0.0100	pay 0.0013% / 1h	4m 10s	$116K	$872K	10x
Short	edgeX BNBUSDC	798.64	0.0100	get 0.0050% / 4h	4m 10s	$4.1M	$76.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → +0.068%: −$14.18
Slippage, 4 orders: −$11.23
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.41
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 9 min ago; edgeX: live order book, 5 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, 9 min ago	2.38 bp	6.8 bp −$7	7.6 bp −$76	13.8 bp −$1,383	doesn't fit
Sell edgeX live order book, 5 min ago	2.50 bp	7.0 bp −$7	7.0 bp −$70	10.8 bp −$1,085	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	799.27	+0.005%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.29	+0.008%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.27	+0.005%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.60	−0.078%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.91	−0.040%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.211%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.36	+0.016%	$9.7M	—	150x	as long as short
BingX BNB-USDC	+0.0030%	8h	799.21	−0.003%	—	$13.4M	—	as long as short
Bybit BNBUSDT	+0.0037%	8h	799.00	−0.029%	$138.7M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.069%	$602K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0078%	8h	799.84	+0.076%	$6.2M	$19.2M	200x	as long as short
Phemex BNBUSDT	+0.0094%	8h	799.74	+0.064%	$69.9M	$50.6M	50x	as long as short
Lighter BNB	+0.0096%	1h	799.56	+0.041%	$2.8M	$4.1M	20x	as long as short
MEXC BNB_USDT	+0.0099%	8h	800.20	+0.121%	$83.2M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0099%	8h	799.83	+0.075%	$497.9M	$818.2M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.00	−0.028%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.33	+0.013%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.10	−0.016%	$54.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.30	+0.009%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.00	−0.029%	$35.7M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.28	+0.006%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.04	−0.024%	$78.9M	$27.6M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	798.64	−0.074%	$4.1M	$76.3M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	799.12	−0.014%	$161K	$437K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	799.23	long leg	$116K	$872K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	799.22	−0.001%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.42	+0.024%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.86	+0.078%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.40	+0.021%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.73	+0.063%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.23	−0.125%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.64	+0.052%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.89	−0.042%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.45	+0.027%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.108%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0152%	8h	799.60	+0.046%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	798.38	−0.106%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.051%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0219%	8h	798.91	−0.040%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0245%	1h	800.17	+0.118%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.18	−0.006%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	799.64	+0.051%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.733%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0331%	1h	798.88	−0.044%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.90	−0.041%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0339%	1h	799.62	+0.049%	$2.7M	$5.7M	40x	as long as short