Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.002%

Price spread now: MEXC against Polymarket Perps+0.160%7-day average +0.171% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.160%, 7d avg +0.171%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.171%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	787.24	0.0100	pay 0.0013% / 1h	11m 01s	$132K	$951K	10x
Short	MEXC BNB_USDT	788.50	0.0060	get 0.0060% / 8h	1h 11m	$81.1M	$12.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$8.4
Price spread: +0.160% → +0.171%: −$1.08
Slippage, 4 orders: −$8.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$29.71
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 32 min ago; MEXC: live order book, 3 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, 32 min ago	2.29 bp	6.7 bp −$7	6.9 bp −$69	28.3 bp −$2,834	doesn't fit
Sell MEXC live order book, 3 min ago	0.63 bp	4.5 bp −$5	7.6 bp −$76	19.9 bp −$1,988	34.9 bp −$17.5K

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 −0.0170% / S +0.0337%	1h	787.25	+0.001%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.66	+0.053%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.21	+0.123%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.34	+0.013%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.267%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0049%	8h	787.43	+0.024%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	787.90	+0.084%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDTshort	+0.0060%	8h	788.50	+0.160%	$81.1M	$12.1M	200x
Binance BNBUSDT	+0.0060%	8h	787.91	+0.086%	$490.4M	$819.5M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	787.28	+0.005%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.94	+0.089%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	+0.008%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.48	+0.030%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.011%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.98	+0.094%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.61	+0.047%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.18	−0.008%	$138.6M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.018%	$53.6M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.033%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.30	+0.008%	$37.8M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.93	−0.039%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.09	−0.019%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.69	+0.057%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.016%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.073%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.50	+0.033%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	787.24	long leg	$132K	$951K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	787.31	+0.009%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.90	+0.084%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	+0.033%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.55	+0.039%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.00	+0.097%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.93	−0.040%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.40	+0.020%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0118%	8h	787.70	+0.058%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.80	+0.071%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	787.92	+0.086%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.74	+0.064%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.26	+0.002%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.077%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	788.10	+0.109%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.94	+0.089%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.00	−0.031%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.57	+0.041%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	787.54	+0.038%	$67K	$39K	12x	as long as short