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: Bulk against Polymarket Perps+0.161%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Funding, last 3 days (all we have)+0.222%+$22 on $10k
+Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.161%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.063% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 804.08 | 0.0100 | pay 0.0013% / 1h | 6m 04s | $116K | $873K | 10x |
| Short | Bulk BNB-USD | 805.37 | 0.0258 | get 0.0032% / 1h | 6m 04s | $651K | $14K | 10x |
Polymarket Perps BNB-USD
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $33.15
- Price spread: +0.161% → +0.097%
- $6.35
- Slippage, 4 orders
- −$5.91
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $18.58
- Costs to cover
- 0.209%
- Break-even
- 3.1 days
Slippage from Polymarket Perps: live order book, 17 min ago; Bulk: live order book, 18 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, 17 min ago | 2.54 bp | 7.1 bp −$7 | 7.9 bp −$79 | 15.6 bp −$1,562 | doesn't fit |
| Sell Bulk live order book, 18 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 7.4 bp −$741 | 16.5 bp −$8,254 |
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 −0.0195% / S +0.0371% | 1h | 804.06 | −0.002% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.60 | +0.065% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.17 | +0.136% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.90 | +0.102% | $114K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.76 | +0.085% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.10 | +0.002% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 804.33 | +0.031% | $2.5M | $928K | 50x | as long as short |
| Variational Omni BNB | +0.0049% | 8h | 804.63 | +0.068% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0055% | 8h | 804.49 | +0.051% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0080% | 8h | 803.70 | −0.047% | $139.5M | $81.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 805.15 | +0.133% | $608K | $880K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 804.39 | +0.039% | $2.8M | $4.2M | 20x | as long as short |
| Aster BNBUSDT | +0.0098% | 8h | 804.80 | +0.089% | $6.4M | $18.8M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.91 | −0.021% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.45 | +0.046% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.90 | −0.022% | $55.1M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.60 | +0.065% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.05 | −0.004% | $36.1M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.99 | −0.011% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.86 | −0.027% | $78.9M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.38 | +0.161% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.81 | +0.091% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 804.08 | long leg | $116K | $873K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.16 | +0.010% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 804.36 | +0.035% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 804.83 | +0.093% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 804.61 | +0.066% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.20 | +0.015% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.98 | +0.112% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.70 | −0.047% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.31 | +0.029% | $386K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0115% | 8h | 805.00 | +0.114% | $84.5M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0115% | 8h | 804.81 | +0.091% | $519.9M | $805.6M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.62 | +0.192% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0137% | 8h | 804.81 | +0.091% | $70.2M | $51.8M | 50x | as long as short |
| SoDEX BNB-USD | +0.0189% | 1h | 804.20 | +0.015% | $396K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0202% | 1h | 804.71 | +0.078% | $51.8M | $22.0M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.54 | +0.057% | $1.1M | $1.4M | 20x | as long as short |
| dYdX BNB-USD | +0.0235% | 1h | 804.12 | +0.005% | $170K | $55K | 10x | as long as short |
| BloFin BNB-USDT | +0.0235% | 8h | 805.16 | +0.134% | $18.9M | $3.1M | 75x | as long as short |
| Bulk BNB-USDshort | +0.0258% | 1h | 805.37 | +0.161% | $651K | $14K | 10x | |
| Hibachi BNB/USDT-P | +0.0264% | 1h | 804.72 | +0.080% | $71K | $48K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 803.80 | −0.035% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 805.02 | +0.117% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | +0.101% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0654% | 1h | 805.32 | +0.154% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Phemex BNBUSDT
SoDEX BNB-USD
Hyperliquid BNB
RISEx BNB/USDC
dYdX BNB-USD
BloFin BNB-USDT
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP