Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h −0.003%

Price spread now: Polymarket Perps against Binance−0.081%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.081%, 7d avg −0.081%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.081%, 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	Binance BNBUSDT	789.88	0.0064	pay 0.0064% / 8h	4h 22m	$492.9M	$790.2M	75x
Short	Polymarket Perps BNB-USD	789.24	0.0100	get 0.0013% / 1h	22m 23s	$133K	$950K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: $7.59
Price spread: −0.081% → −0.081%: $0.01
Slippage, 4 orders: −$6.71
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$17.11
Costs to cover: 0.247%
Break-even: 22.8 days

Slippage from Binance: live order book, 7 min ago; Polymarket Perps: live order book, 36 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 Binance live order book, 7 min ago	0.06 bp	5.1 bp −$5	5.2 bp −$52	17.3 bp −$1,726	doesn't fit
Sell Polymarket Perps live order book, 36 min ago	1.58 bp	7.1 bp −$7	8.5 bp −$85	doesn't fit	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 −0.0187% / S +0.0351%	1h	789.31	−0.072%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.67	−0.027%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.36	−0.066%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.31	−0.073%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.925%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	789.77	−0.014%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0052%	8h	789.56	−0.041%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	789.94	+0.007%	$69.1M	$49.9M	50x	as long as short
Binance BNBUSDTlong	+0.0064%	8h	789.88	long leg	$492.9M	$790.2M	75x
MEXC BNB_USDT	+0.0064%	8h	790.20	+0.040%	$80.2M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.055%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.28	−0.077%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.25	−0.080%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.20	−0.086%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.93	+0.006%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.49	−0.049%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.30	−0.074%	$138.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.30	−0.074%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	−0.048%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.35	−0.067%	$35.5M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.33	−0.070%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.06	−0.104%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.66	−0.028%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.00	−0.111%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.89	+0.001%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.13	+0.031%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	789.24	−0.081%	$133K	$950K	10x
Derive BNB-PERP	+0.0100%	1h	789.38	−0.063%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.70	−0.023%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.40	−0.061%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.38	−0.063%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.94	+0.007%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.05	−0.105%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.26	−0.078%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.73	−0.019%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0130%	1h	789.35	−0.067%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	790.08	+0.025%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.80	−0.010%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0184%	8h	789.74	−0.018%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.031%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.96	+0.010%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.10	−0.099%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.68	−0.026%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.15	−0.093%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	789.51	−0.047%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.63	−0.031%	$1.1M	$967K	20x	as long as short