Settings8H · net · $10k
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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 22:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.058%
Price spread now: Polymarket Perps against Bulk−0.160%7-day average −0.097% · 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−$27as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on BulkShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.222%−$22 on $10k
Price spread, last 3 days (all we have)+0.219%+$22 · spread now −0.160%, 7d avg −0.097%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.063% cheaper against Bulk than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.097%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD805.370.0258pay 0.0032% / 1h5m 46s$651K$14K10x
ShortPolymarket Perps BNB-USD804.080.0100get 0.0013% / 1h5m 46s$116K$873K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bulk. 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

Funding earned
−$33.15
Price spread: −0.160% → −0.097%
−$6.32
Slippage, 4 orders
−$5.91
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$60.38
Costs to cover
0.209%
Break-even
never at this rate
Slippage from Bulk: live order book, 18 min ago; Polymarket Perps: live order book, 17 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 Bulk live order book, 18 min ago0.06 bp3.6 bp −$43.7 bp −$376.0 bp −$59713.9 bp −$6,931
Sell Polymarket Perps live order book, 17 min ago2.54 bp6.6 bp −$76.8 bp −$6814.0 bp −$1,396doesn't fit

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 −0.0195% / S +0.0371%1h804.06−0.163%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.60−0.096%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.17−0.024%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.90−0.058%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.76−0.076%$870K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.10−0.158%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h804.33−0.129%$2.5M$928K50xas long as short
Variational Omni BNB+0.0049%8h804.63−0.092%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0056%8h804.21−0.144%—$34.5M—as long as short
Bybit BNBUSDT+0.0080%8h803.66−0.212%$139.5M$81.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h805.15−0.027%$608K$880K50xas long as short
Lighter BNB+0.0096%1h804.39−0.121%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h804.76−0.076%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h803.91−0.182%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.36−0.126%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.90−0.183%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h804.60−0.096%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.05−0.164%$36.1M$59.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.01−0.169%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.86−0.188%$78.9M$24.8M75xas long as short
edgeX BNBUSDC+0.0100%4h805.38+0.001%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.81−0.070%$159K$436K50xas long as short
Polymarket Perps BNB-USDshort+0.0100%1h804.08−0.160%$116K$873K10x
Orderly PERP_BNB_USDC+0.0100%8h804.16−0.150%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.36−0.126%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.83−0.068%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.61−0.094%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.20−0.145%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.82−0.068%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.70−0.207%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h804.31−0.132%$386K$40K10xas long as short
Binance BNBUSDT+0.0115%8h804.85−0.065%$520.0M$805.6M75xas long as short
MEXC BNB_USDT+0.0115%8h805.00−0.046%$84.5M$13.7M200xas long as short
Phoenix BNB+0.0125%1h805.62+0.031%$173K$35K10xas long as short
Phemex BNBUSDT+0.0137%8h804.81−0.070%$70.2M$51.8M50xas long as short
SoDEX BNB-USD+0.0189%1h804.20−0.145%$396K$1.0M10xas long as short
Hyperliquid BNB+0.0202%1h804.71−0.082%$51.8M$22.0M10xas long as short
RISEx BNB/USDC+0.0209%1h804.54−0.103%$1.1M$1.4M20xas long as short
dYdX BNB-USD+0.0232%1h804.12−0.155%$170K$55K10xas long as short
BloFin BNB-USDT+0.0235%8h805.16−0.026%$18.9M$3.1M75xas long as short
Bulk BNB-USDlong+0.0258%1h805.37long leg$651K$14K10x
Hibachi BNB/USDT-P+0.0264%1h804.72−0.081%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0334%1h803.80−0.196%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h805.02−0.044%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.060%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0654%1h805.32−0.006%$3.0M$5.5M40xas long as short