Funding you earn now, next payment 03:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.003%
Price spread now: Binance against Polymarket Perps+0.008%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.257%−$26 · spread now +0.008%, 7d avg +0.080%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 788.44 | 0.0100 | pay 0.0013% / 1h | 58m 01s | $137K | $946K | 10x |
| Short | Binance BNBUSDT | 788.50 | 0.0069 | get 0.0069% / 8h | 5h 58m | $493.7M | $810.4M | 75x |
Polymarket Perps BNB-USD
Binance BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.55
- Price spread: +0.008% → +0.080%
- −$7.26
- Slippage, 4 orders
- −$6.9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$38.71
- Costs to cover
- 0.249%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; Binance: live order book, 16 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 Polymarket Perps live order book, 5 min ago | 2.03 bp | 8.3 bp −$8 | 8.9 bp −$89 | 14.5 bp −$1,451 | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.06 bp | 5.5 bp −$5 | 7.7 bp −$77 | 17.3 bp −$1,735 | 39.1 bp −$19.5K |
BNB on 45 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 −0.0167% / S +0.0335% | 1h | 788.36 | −0.011% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.66 | +0.155% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.02 | +0.200% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 788.35 | −0.012% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.112% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0035% | 8h | 788.73 | +0.037% | $6.2M | $18.8M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 789.66 | +0.155% | $619K | $1.8M | 50x | as long as short |
| BingX BNB-USDT | +0.0053% | 8h | 788.34 | −0.013% | — | $34.5M | — | as long as short |
| Phemex BNBUSDT | +0.0060% | 8h | 788.87 | +0.055% | $69.0M | $50.8M | 50x | as long as short |
| Variational Omni BNB | +0.0062% | 8h | 789.21 | +0.098% | $4.1M | $4.8M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDT
Phemex BNBUSDT
Variational Omni BNBShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0068% | 8h | 788.90 | +0.058% | $80.4M | $12.3M | 200x | as long as short |
| Binance BNBUSDTshort | +0.0069% | 8h | 788.50 | +0.008% | $493.7M | $810.4M | 75x | |
| Gate BNB_USDT | +0.0074% | 8h | 788.10 | −0.043% | $35.4M | $56.1M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 789.72 | +0.162% | $170K | $34K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 788.34 | −0.012% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.71 | +0.035% | $2.8M | $3.9M | 20x | as long as short |
| GRVT BNB_USDT_Perp | +0.0098% | 8h | 790.16 | +0.218% | $2.9M | $28.4M | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.37 | −0.009% | $381K | $380K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.95 | +0.065% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.59 | +0.019% | $51.7M | $18.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.95 | +0.065% | $1.2M | $909K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.70 | −0.094% | $138.6M | $79.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.70 | −0.094% | $53.2M | $112.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.90 | +0.058% | $52K | $135K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.12 | −0.041% | $27.8M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.76 | −0.086% | $77.0M | $29.9M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.60 | +0.020% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.88 | +0.183% | $4.1M | $77.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.88 | +0.183% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 788.44 | long leg | $137K | $946K | 10x | |
| Derive BNB-PERP | +0.0100% | 1h | 788.61 | +0.022% | $31K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.08 | +0.082% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.93 | +0.063% | $8.1M | $9.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 789.48 | +0.132% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.47 | −0.123% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.43 | −0.001% | $379K | $110K | 10x | as long as short |
| SoDEX BNB-USD | +0.0130% | 1h | 788.50 | +0.008% | $388K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0176% | 8h | 789.20 | +0.096% | $91K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0296% | 1h | 788.88 | +0.056% | $160K | $64K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 789.80 | +0.172% | $640K | $13K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 788.21 | −0.030% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 789.47 | +0.131% | $28K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 789.04 | +0.076% | $1.1M | $1.1M | 20x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 788.94 | +0.063% | $1.5M | $160K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 789.52 | +0.137% | $67K | $39K | 12x | as long as short |
MEXC BNB_USDT
Gate BNB_USDT
Phoenix BNB
Kraken Futures PF_BNBUSD
Lighter BNB
GRVT BNB_USDT_Perp
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
Kalshi KXBNBPERP
dYdX BNB-USD
Bulk BNB-USD
Reya BNBRUSDPERP
01 Exchange BNBUSD
RISEx BNB/USDC
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P