Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Polymarket Perps+0.003%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	798.52	0.0100	pay 0.0013% / 1h	33m 17s	$116K	$873K	10x
Short	Derive BNB-PERP	798.54	0.0100	get 0.0013% / 1h	33m 17s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee DerivebpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → 0.000%: $0.28
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 40 min ago; Derive: no order-book sample. Net counts fees only.

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, 40 min ago	2.38 bp	6.8 bp −$7	7.6 bp −$76	13.8 bp −$1,383	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0159% / S +0.0335%	1h	798.37	−0.019%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.31	−0.026%	$2.5M	$966K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.22	+0.088%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0057%	8h	798.70	+0.023%	—	$13.3M	—	as long as short
Bybit BNBUSDT	−0.0026%	8h	798.07	−0.056%	$138.5M	$75.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	+0.056%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.18	+0.083%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	798.98	+0.058%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	+0.026%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.45	−0.009%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.823%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.026%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0062%	8h	798.95	+0.054%	$6.2M	$19.1M	200x	as long as short
MEXC BNB_USDT	+0.0084%	8h	799.40	+0.110%	$83.1M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0085%	8h	798.92	+0.051%	$496.0M	$806.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.70	+0.022%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	+0.085%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.50	−0.002%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.09	+0.072%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.20	−0.040%	$54.1M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.10	+0.073%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.45	−0.009%	$35.7M	$56.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.64	+0.015%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.33	−0.024%	$78.7M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.05	+0.067%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.100%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	798.52	long leg	$116K	$873K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	798.33	−0.024%	$386K	$458K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	798.54	+0.003%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	799.14	+0.078%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.60	+0.010%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.76	+0.030%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.68	+0.145%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.04	−0.061%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.39	−0.016%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.146%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.20	+0.085%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.76	+0.031%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	799.09	+0.071%	$69K	$37K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.85	+0.041%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0205%	8h	799.34	+0.103%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	799.41	+0.111%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0248%	1h	798.87	+0.044%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0310%	1h	799.44	+0.115%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.26	−0.033%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0396%	1h	799.74	+0.153%	$2.7M	$5.6M	40x	as long as short