Funding you earn now, next payment 03:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Polymarket Perps−0.005%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2842.844% of the position
Funding, last 3 days (all we have)−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)−0.125%−$12 · spread now −0.005%, 7d avg −0.002%
=The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 788.63 | 0.0100 | pay 0.0013% / 1h | 39m 52s | $137K | $946K | 10x |
| Short | gTrade (Gains Network) BNB/USD | 788.59 | L +0.0008% / S −0.0007% | get 0.0001% / 1h | 39m 52s | $9.6M | — | 150x |
Polymarket Perps BNB-USD
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.51
- Price spread: −0.005% → −0.002%
- −$0.32
- Slippage, 4 orders
- −$266.35
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$304.18
- Costs to cover
- 2.844%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 23 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 23 min ago | 2.03 bp | 8.3 bp −$8 | 8.9 bp −$89 | 14.5 bp −$1,451 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 130.00 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 −0.0167% / S +0.0335% | 1h | 788.49 | −0.018% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.97 | +0.043% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.22 | +0.202% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0008% / S −0.0007% | 1h | 788.59 | −0.005% | $9.6M | — | 150x | |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.087% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0041% | 8h | 789.32 | +0.087% | $6.3M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 789.09 | +0.058% | $618K | $1.8M | 50x | as long as short |
| BingX BNB-USDC | +0.0057% | 8h | 788.62 | −0.001% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0074% | 8h | 789.40 | +0.098% | $80.3M | $12.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0074% | 8h | 789.09 | +0.058% | $493.4M | $806.0M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
Injective BNB/USDC PERP
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDC
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0075% | 8h | 789.21 | +0.074% | $69.1M | $51.0M | 50x | as long as short |
| Variational Omni BNB | +0.0086% | 8h | 787.60 | −0.131% | $4.1M | $4.6M | — | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 788.52 | −0.014% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.49 | −0.018% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.64 | +0.001% | $265K | $497K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.65 | +0.003% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.95 | +0.041% | $51.7M | $18.1M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.88 | +0.031% | $1.2M | $909K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.32 | −0.039% | $138.6M | $77.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.40 | −0.029% | $53.5M | $112.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.90 | +0.034% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.40 | −0.029% | $35.3M | $56.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.30 | −0.042% | $27.7M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.18 | −0.057% | $76.8M | $30.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.95 | +0.041% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.32 | +0.087% | $4.1M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.87 | +0.030% | $159K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 788.63 | long leg | $137K | $946K | 10x | |
| Derive BNB-PERP | +0.0100% | 1h | 788.88 | +0.032% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.42 | +0.100% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.73 | +0.012% | $8.1M | $9.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0103% | 8h | 789.45 | +0.103% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.23 | −0.050% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.61 | −0.002% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 789.13 | +0.063% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0132% | 8h | 789.50 | +0.111% | $2.9M | $28.2M | 10x | as long as short |
| SoDEX BNB-USD | +0.0151% | 1h | 788.70 | +0.009% | $388K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0186% | 8h | 789.30 | +0.085% | $95K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0195% | 8h | 788.40 | −0.029% | $18.2M | $2.3M | 75x | as long as short |
| dYdX BNB-USD | +0.0237% | 1h | 788.16 | −0.060% | $159K | $63K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.08 | +0.057% | $1.5M | $152K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 789.47 | +0.107% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 788.45 | −0.023% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 789.12 | +0.061% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USD | +0.0373% | 1h | 788.05 | −0.073% | $638K | $13K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0584% | 1h | 789.66 | +0.130% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
Variational Omni BNB
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
SoDEX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Hibachi BNB/USDT-P