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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 01:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h 0.000%
Price spread now: Gate against Polymarket Perps−0.013%48s7-day average −0.016% · 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—prices read too far apart to compare
costs, in and out, $10k−$330.330% of the position
Long on Polymarket PerpsShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.013%, 7d avg −0.016%
Together, before fees−0.104%−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BNB-USD798.150.0100pay 0.0013% / 1h19m 38s$113K$884K10x
ShortGate BNB_USDT798.05−0.0010pay 0.0010% / 8h7h 19m$35.9M$56.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$23.1
Price spread: −0.013% → −0.016%
$0.37
Slippage, 4 orders
−$10.01
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$55.74
Costs to cover
0.330%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 53 min ago; Gate: live order book, 4 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, 53 min ago2.38 bp6.8 bp −$77.6 bp −$7613.8 bp −$1,383doesn't fit
Sell Gate live order book, 4 min ago0.31 bp10.0 bp −$1014.1 bp −$14127.1 bp −$2,70955.9 bp −$27.9K

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 −0.0159% / S +0.0335%1h798.39+0.030%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.48+0.041%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.74+0.074%$4K$23925xas long as short
Gate BNB_USDTshort−0.0010%8h798.05−0.013%$35.9M$56.8M75x
BingX BNB-USDT−0.0007%8h798.44+0.036%—$35.0M—as long as short
GRVT BNB_USDT_Perp0.0000%8h798.85+0.088%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.19+0.130%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72−0.054%$4.1M$5.0M—as long as short
Phemex BNBUSDT+0.0006%8h799.12+0.122%$69.8M$50.2M50xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.43+0.035%$9.7M—150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BNBUSDT+0.0009%8h798.20+0.006%$138.6M$76.3M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.870%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.115%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0054%8h798.75+0.075%$6.2M$19.4M200xas long as short
MEXC BNB_USDT+0.0076%8h799.30+0.144%$83.1M$13.7M200xas long as short
Binance BNBUSDT+0.0076%8h798.88+0.092%$496.0M$811.2M75xas long as short
Lighter BNB+0.0096%1h798.47+0.040%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13+0.123%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h797.85−0.038%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.53+0.048%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.30+0.019%$54.2M$110.9M50xas long as short
Arcus BNB-USD+0.0100%1h798.60+0.056%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.11−0.005%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.06−0.011%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h798.91+0.095%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.95+0.100%$161K$435K50xas long as short
Polymarket Perps BNB-USDlong+0.0100%1h798.15long leg$113K$884K10x
Orderly PERP_BNB_USDC+0.0100%8h798.54+0.049%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.64+0.061%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.62+0.059%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.70+0.069%$393K$997K10xas long as short
HTX BNB-USDT+0.0100%8h798.09−0.007%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.96+0.101%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h797.92−0.029%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.57+0.053%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28+0.141%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.40+0.032%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h799.10+0.119%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0197%8h798.81+0.083%$18.0M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.86+0.089%$28K$1K10xas long as short
dYdX BNB-USD+0.0200%1h798.40+0.031%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0256%1h799.00+0.107%$68K$38K12xas long as short
Hyperliquid BNB+0.0299%1h798.99+0.105%$53.1M$20.3M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h798.98+0.104%$1.6M$161K25xas long as short
Reya BNBRUSDPERP+0.0330%1h797.86−0.036%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0411%1h799.63+0.185%$2.7M$5.7M40xas long as short