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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Polymarket Perps+0.044%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$380.378% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.265%−$26 · spread now +0.044%, 7d avg −0.012%
Together, before fees−0.263%−$26 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: KuCoin is 0.057% dearer against Polymarket Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BNB-USD787.390.0100pay 0.0013% / 1h16m 59s$132K$917K10x
ShortKuCoin BNBUSDTM787.740.0100get 0.0100% / 8h7h 16m$27.8M$9.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.044% → −0.012%
$5.68
Slippage, 4 orders
−$17.84
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$32.17
Costs to cover
0.378%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; KuCoin: 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, 1 min ago1.90 bp8.4 bp −$810.4 bp −$104doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago0.76 bp13.6 bp −$1422.5 bp −$225doesn'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 −0.0166% / S +0.0336%1h787.99+0.076%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.02+0.080%$4K25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h787.86+0.060%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.88+0.062%$3.0M$27.0M10xas long as short
StandX BNB-USD0.0000%1h788.36+0.123%$850K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h788.06+0.085%$9.5M150xas long as short
Aster BNBUSDT+0.0016%8h788.61+0.155%$6.0M$17.8M200xas long as short
BingX BNB-USDT+0.0028%8h788.31+0.117%$22.1Mas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.248%$19K$789K30xas long as short
MEXC BNB_USDT+0.0034%8h789.60+0.281%$82.9M$12.3M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0034%8h788.62+0.157%$489.6M$795.2M75xas long as short
Lighter BNB+0.0096%1h788.09+0.089%$2.7M$3.7M20xas long as short
Nado BNB-PERP+0.0100%1h787.60+0.027%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.71+0.168%$51.8M$17.4M10xas long as short
Pacifica BNB+0.0100%1h787.96+0.072%$1.2M$936K20xas long as short
Bybit BNBUSDT+0.0100%8h787.90+0.065%$138.7M$71.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.90+0.065%$53.6M$108.5M50xas long as short
Arcus BNB-USD+0.0100%1h787.90+0.065%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h788.10+0.090%$39.8M$56.2M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h787.74+0.044%$27.8M$9.8M75x
Bitget BNBUSDT+0.0100%8h787.61+0.028%$75.5M$32.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.55+0.147%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.84+0.057%$4.3M$5.0Mas long as short
edgeX BNBUSDC+0.0100%4h787.84+0.057%$4.1M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.71+0.041%$159K$439K50xas long as short
Polymarket Perps BNB-USDlong+0.0100%1h787.39long leg$132K$917K10x
Orderly PERP_BNB_USDC+0.0100%8h787.94+0.070%$265K$357K50xas long as short
Derive BNB-PERP+0.0100%1h784.27−0.397%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.17+0.099%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.10+0.090%$387K$939K10xas long as short
HTX BNB-USDT+0.0100%8h787.82+0.055%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.23+0.106%$78K$47K50xas long as short
Extended BNB-USD+0.0104%1h787.60+0.027%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h787.81+0.054%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0108%8h788.10+0.090%$159K$2.5M4.8xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h787.14−0.032%$548K$1.9M50xas long as short
Phemex BNBUSDT+0.0120%8h788.50+0.141%$68.6M$51.3M50xas long as short
Phoenix BNB+0.0120%1h787.62+0.029%$158K$38K10xas long as short
BloFin BNB-USDT+0.0136%8h788.53+0.145%$17.8M$2.3M75xas long as short
Bulk BNB-USD+0.0154%1h788.26+0.110%$639K$010xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h788.26+0.111%$1.5M$141K25xas long as short
dYdX BNB-USD+0.0208%1h787.48+0.012%$158K$63K10xas long as short
01 Exchange BNBUSD+0.0232%1h788.15+0.097%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0319%1h787.32−0.010%$6K$3K40xas long as short
RISEx BNB/USDC+0.0355%1h788.02+0.080%$1.1M$885K20xas long as short
Hibachi BNB/USDT-P+0.0408%1h787.71+0.041%$67K$39K12xas long as short