Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against OKX−0.017%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$270.273% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.017%, 7d avg +0.024%
Together, before fees+0.144%+$14 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 0.041% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BNB-USDT-SWAP786.100.0100pay 0.0100% / 8h1h 45m$53.4M$113.0M50x
ShortPolymarket Perps BNB-USD785.970.0100get 0.0013% / 1h45m 55s$131K$949K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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
$0
Price spread: −0.017% → +0.024%
−$4.06
Slippage, 4 orders
−$9.29
Fee OKX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$31.35
Costs to cover
0.273%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Polymarket Perps: live order book, 62 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 OKX live order book, 3 min ago0.64 bp6.3 bp −$68.5 bp −$8522.8 bp −$2,285doesn't fit
Sell Polymarket Perps live order book, 62 min ago2.99 bp8.3 bp −$88.7 bp −$87doesn't fitdoesn'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 −0.0170% / S +0.0337%1h785.95−0.019%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.95+0.108%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.33+0.156%$849K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.02−0.010%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.416%$19K$789K30xas long as short
Aster BNBUSDT+0.0048%8h786.77+0.085%$6.0M$19.0M200xas long as short
BingX BNB-USDC+0.0054%8h786.28+0.023%$13.4Mas long as short
MEXC BNB_USDT+0.0067%8h787.30+0.153%$81.0M$12.0M200xas long as short
Binance BNBUSDT+0.0067%8h786.70+0.077%$490.1M$816.3M75xas long as short
dYdX BNB-USD+0.0068%1h786.47+0.047%$159K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0075%8h786.59+0.062%$68.8M$51.0M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h786.56+0.059%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h786.25+0.019%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.12+0.003%$264K$471K50xas long as short
Nado BNB-PERP+0.0100%1h786.25+0.019%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h786.42+0.041%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h786.13+0.004%$138.3M$75.2M75xas long as short
OKX BNB-USDT-SWAPlong+0.0100%8h786.10long leg$53.4M$113.0M50x
Arcus BNB-USD+0.0100%1h786.40+0.038%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.15+0.006%$37.1M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.05−0.006%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.97−0.017%$76.1M$31.1M75xas long as short
Variational Omni BNB+0.0100%8h786.52+0.053%$4.0M$4.8Mas long as short
edgeX BNBUSDC+0.0100%4h787.23+0.143%$4.1M$75.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.07+0.123%$158K$437K50xas long as short
Polymarket Perps BNB-USDshort+0.0100%1h785.97−0.017%$131K$949K10x
Derive BNB-PERP+0.0100%1h786.29+0.024%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.54+0.056%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.30+0.025%$387K$985K10xas long as short
HTX BNB-USDT+0.0100%8h786.21+0.014%$8.0M$10.1M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h786.84+0.094%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h785.92−0.023%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h786.17+0.009%$378K$110K10xas long as short
Hyperliquid BNB+0.0120%1h786.73+0.080%$51.5M$17.6M10xas long as short
Backpack BNB_USDC_PERP+0.0131%1h786.50+0.051%$2.2M$6.1M40xas long as short
Phoenix BNB+0.0135%1h787.01+0.116%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0141%8h787.10+0.127%$170K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0187%8h786.90+0.102%$17.7M$2.2M75xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h785.97−0.016%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0226%8h787.27+0.149%$2.9M$29.5M10xas long as short
01 Exchange BNBUSD+0.0272%1h786.58+0.061%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h786.50+0.051%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0322%1h785.86−0.031%$6K$3K40xas long as short
Bulk BNB-USD+0.0328%1h787.20+0.140%$638K$4K10xas long as short
RISEx BNB/USDC+0.0438%1h786.44+0.044%$1.1M$909K20xas long as short
Hibachi BNB/USDT-P+0.0552%1h786.67+0.072%$67K$39K12xas long as short