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 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against Polymarket Perps−0.005%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.279% of the position
Long on Polymarket PerpsShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.090%−$9 on $10k
Price spread, last 4 days (all we have)−0.234%−$23 · spread now −0.005%, 7d avg −0.030%
Together, before fees−0.324%−$32 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: Bybit is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BNB-USD790.940.0100pay 0.0013% / 1h12m 05s$134K$949K10x
ShortBybit BNBUSDT790.900.0100get 0.0100% / 8h5h 12m$139.2M$77.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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 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: −0.005% → −0.030%
$2.52
Slippage, 4 orders
−$8.86
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$25.34
Costs to cover
0.279%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 51 min ago; Bybit: live order book, 2 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 Polymarket Perps live order book, 51 min ago2.03 bp8.3 bp −$88.9 bp −$8914.5 bp −$1,451doesn't fit
Sell Bybit live order book, 2 min ago0.63 bp7.4 bp −$710.3 bp −$10323.3 bp −$2,332103.4 bp −$51.7K

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 −0.0167% / S +0.0335%1h790.99+0.006%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.44+0.063%$4K$23925xas long as short
StandX BNB-USD0.0000%1h792.14+0.152%$856K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h791.09+0.019%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.789%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.03+0.138%$615K$1.8M50xas long as short
Aster BNBUSDT+0.0050%8h791.59+0.082%$6.2M$18.6M200xas long as short
Phemex BNBUSDT+0.0052%8h791.59+0.082%$69.3M$50.5M50xas long as short
BingX BNB-USDC+0.0061%8h791.19+0.032%—$13.4M—as long as short
Binance BNBUSDT+0.0073%8h791.54+0.076%$494.5M$791.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0074%8h791.90+0.121%$80.5M$12.5M200xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h790.940.000%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h791.15+0.026%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.09+0.019%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h791.00+0.008%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.58+0.081%$51.9M$17.7M10xas long as short
Pacifica BNB+0.0100%1h791.44+0.063%$1.2M$908K20xas long as short
Bybit BNBUSDTshort+0.0100%8h790.90−0.005%$139.2M$77.0M75x
OKX BNB-USDT-SWAP+0.0100%8h790.70−0.030%$53.7M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h791.20+0.033%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.00+0.008%$35.4M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.17+0.029%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h790.78−0.020%$77.0M$29.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.33+0.049%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.90+0.121%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h792.20+0.159%$4.1M$75.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h792.06+0.142%$159K$441K50xas long as short
Polymarket Perps BNB-USDlong+0.0100%1h790.94long leg$134K$949K10x
Derive BNB-PERP+0.0100%1h791.24+0.038%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.64+0.089%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.30+0.046%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.36+0.053%$8.1M$9.2M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h791.79+0.108%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h790.69−0.031%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.10+0.020%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h792.24+0.164%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0145%8h792.50+0.197%$2.9M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0187%8h791.60+0.083%$83K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0194%8h791.97+0.130%$18.2M$2.2M75xas long as short
dYdX BNB-USD+0.0202%1h791.15+0.027%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0288%1h791.59+0.082%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.56+0.078%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h790.74−0.025%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h791.42+0.061%$1.1M$981K20xas long as short
Bulk BNB-USD+0.0366%1h792.18+0.157%$641K$9K10xas long as short
Hibachi BNB/USDT-P+0.0584%1h791.61+0.085%$68K$38K12xas long as short