Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Polymarket Perps against Arcus−0.032%50s7-day average −0.093% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.326% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.032%, 7d avg −0.093%

Together, before fees+0.006%+$1 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 0.061% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.093%. The two prices were read 50 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	Arcus BNB-USD	784.30	0.0100	pay 0.0013% / 1h	29m 45s	$52K	$125K	10x
Short	Polymarket Perps BNB-USD	784.05	0.0100	get 0.0013% / 1h	29m 45s	$131K	$924K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.093%: $6.12
Slippage, 4 orders: −$20.12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$26.5
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; Polymarket Perps: live order book, 68 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 Arcus live order book, 3 min ago	3.82 bp	8.6 bp −$9	26.2 bp −$262	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 68 min ago	3.12 bp	7.1 bp −$7	7.3 bp −$73	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 −0.0166% / S +0.0337%	1h	784.11	−0.024%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.41	+0.014%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.03	−0.035%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.06	+0.224%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	785.22	+0.117%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.06	−0.031%	$9.4M	—	150x	as long as short
Aster BNBUSDT	+0.0019%	8h	784.79	+0.062%	$5.9M	$18.3M	200x	as long as short
BingX BNB-USDT	+0.0031%	8h	784.34	+0.005%	—	$22.2M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.651%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0036%	8h	785.80	+0.191%	$82.3M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0036%	8h	784.83	+0.068%	$487.8M	$808.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	784.40	+0.012%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.85	−0.057%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.84	+0.069%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.50	+0.026%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.03	−0.034%	$138.1M	$73.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.00	−0.038%	$53.3M	$110.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	784.30	long leg	$52K	$125K	10x
Gate BNB_USDT	+0.0100%	8h	784.25	−0.006%	$39.4M	$55.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.94	−0.046%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.79	−0.065%	$75.2M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.60	+0.038%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.02	−0.036%	$4.2M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.26	+0.123%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.29	+0.126%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	784.05	−0.032%	$131K	$924K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	784.10	−0.026%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.004%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.89	+0.075%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.40	+0.013%	$386K	$942K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.22	−0.010%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.72	+0.054%	$78K	$37K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.75	−0.070%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.06	−0.030%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0109%	8h	784.80	+0.064%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.186%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.84	+0.196%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0148%	8h	784.83	+0.068%	$17.8M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0155%	1h	784.13	−0.022%	$157K	$65K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.49	+0.024%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	+0.213%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	784.59	+0.037%	$28K	$3K	10x	as long as short
Phemex BNBUSDT	+0.0233%	8h	784.75	+0.057%	$68.3M	$50.9M	50x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	783.81	−0.063%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.53	+0.029%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	784.55	+0.032%	$67K	$39K	12x	as long as short