Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX−0.092%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.092%, 7d avg −0.078%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	793.39	0.0100	pay 0.0100% / 8h	6h 45m	$13K	$1.6M	50x
Short	Polymarket Perps BNB-USD	792.66	0.0100	get 0.0013% / 1h	45m 50s	$112K	$887K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.078%: −$1.33
Slippage, 4 orders: −$44.53
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$61.86
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Polymarket Perps: live order book, 22 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 SunX live order book, 9 min ago	18.07 bp	24.7 bp −$25	39.3 bp −$393	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 22 min ago	2.88 bp	6.9 bp −$7	6.9 bp −$69	14.8 bp −$1,479	doesn't fit

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 −0.0161% / S +0.0334%	1h	792.73	−0.082%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.99	−0.051%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.03	−0.045%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0024%	8h	792.55	−0.106%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.57	+0.023%	$858K	$3.0M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.066%	$3.0M	$28.4M	10x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.91	−0.060%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.109%	$4.1M	$5.0M	—	as long as short
Aster BNBUSDT	+0.0033%	8h	793.40	+0.002%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.475%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0033%	8h	793.54	+0.019%	$69.3M	$50.3M	50x	as long as short
dYdX BNB-USD	+0.0039%	1h	793.14	−0.031%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0050%	8h	792.91	−0.060%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.109%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.50	+0.014%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.27	−0.015%	$493.5M	$815.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.165%	$170K	$36K	10x	as long as short
Bybit BNBUSDT	+0.0089%	8h	792.80	−0.074%	$138.1M	$77.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	792.92	−0.059%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.95	−0.055%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.080%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.16	−0.029%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.60	−0.099%	$53.2M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.10	−0.036%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.81	−0.073%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.84	−0.069%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.89	+0.064%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.99	+0.076%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	792.66	−0.092%	$112K	$887K	10x
Derive BNB-PERP	+0.0100%	1h	793.19	−0.025%	$32K	$9K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	793.39	long leg	$13K	$1.6M	50x
SoDEX BNB-USD	+0.0100%	1h	793.10	−0.036%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.75	−0.081%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.49	+0.013%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.50	−0.112%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.08	−0.039%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0124%	1h	793.42	+0.004%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.05	−0.042%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	793.40	+0.002%	$112K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	−0.022%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.085%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.55	+0.020%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.51	−0.111%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0371%	1h	793.78	+0.049%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.57	+0.023%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	793.05	−0.042%	$68K	$38K	12x	as long as short