Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against ApeX Omni+0.006%63s7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$350.352% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.006%, 7d avg −0.067%

Together, before fees−0.097%−$10 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: Polymarket Perps is 0.073% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 63 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	ApeX Omni BNBUSDT	787.35	0.0100	pay 0.0013% / 1h	6m 24s	$158K	$459K	50x
Short	Polymarket Perps BNB-USD	787.40	0.0100	get 0.0013% / 1h	6m 24s	$128K	$905K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.067%: $7.34
Slippage, 4 orders: −$17.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$27.86
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; Polymarket Perps: live order book, 40 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 ApeX Omni live order book, 39 min ago	5.20 bp	10.2 bp −$10	32.0 bp −$320	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 40 min ago	2.80 bp	7.6 bp −$8	7.7 bp −$77	doesn't fit	doesn't fit

BNB on 46 exchanges

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 −0.0166% / S +0.0336%	1h	787.43	+0.010%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.11	−0.030%	$2.7M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.94	+0.075%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0034%	8h	787.02	−0.042%	$138.7M	$65.5M	75x	as long as short
BingX BNB-USDC	−0.0023%	8h	787.47	+0.015%	—	$13.4M	—	as long as short
Aster BNBUSDT	0.0000%	8h	787.95	+0.076%	$6.0M	$16.8M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.51	+0.020%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.50	+0.019%	$155K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.99	+0.081%	$850K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.09	−0.034%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0011%	8h	789.10	+0.222%	$83.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0011%	8h	788.07	+0.091%	$481.1M	$756.0M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.253%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0044%	8h	787.75	+0.051%	$18.5M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0087%	8h	787.77	+0.053%	$68.4M	$50.5M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.42	+0.008%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.06	−0.037%	$1.4M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.09	+0.094%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.53	+0.023%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	+0.006%	$53.4M	$101.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.032%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	+0.013%	$42.1M	$54.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.08	−0.034%	$28.1M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.15	−0.025%	$75.8M	$30.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.62	+0.034%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.26	−0.139%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.37	+0.003%	$4.1M	$71.2M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	787.35	long leg	$158K	$459K	50x
Polymarket Perps BNB-USDshort	+0.0100%	1h	787.40	+0.006%	$128K	$905K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	+0.017%	$264K	$297K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.20	−0.019%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.70	+0.044%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	−0.006%	$387K	$925K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.19	−0.020%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.74	+0.049%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.82	−0.067%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.35	0.000%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	787.71	+0.046%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.64	+0.037%	$545K	$1.9M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.81	+0.059%	$1.5M	$126K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	788.01	+0.084%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0289%	1h	787.73	+0.048%	$638K	$10K	10x	as long as short
Hibachi BNB/USDT-P	+0.0296%	1h	787.20	−0.018%	$67K	$37K	12x	as long as short
Reya BNBRUSDPERP	+0.0316%	1h	787.01	−0.043%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.58	+0.029%	$1.1M	$888K	20x	as long as short
dYdX BNB-USD	+0.0902%	1h	786.85	−0.063%	$158K	$34K	10x	as long as short