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: Polymarket Perps against Bitget+0.066%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.293% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 4 days (all we have)+0.298%+$30 · spread now +0.066%, 7d avg +0.040%
Together, before fees+0.309%+$31 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: Polymarket Perps is 0.027% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT785.660.0100pay 0.0100% / 8h7h 53m$75.4M$32.6M75x
ShortPolymarket Perps BNB-USD786.180.0100get 0.0013% / 1h53m 47s$131K$942K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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: +0.066% → +0.040%
$2.66
Slippage, 4 orders
−$9.3
Fee Bitget: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$26.64
Costs to cover
0.293%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Polymarket Perps: live order book, 44 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 Bitget live order book, 5 min ago0.06 bp7.5 bp −$89.2 bp −$9214.3 bp −$1,429doesn't fit
Sell Polymarket Perps live order book, 44 min ago3.12 bp7.1 bp −$77.3 bp −$73doesn'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 −0.0168% / S +0.0337%1h785.90+0.031%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.40+0.094%$4K25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h785.83+0.021%$2.5M$1.2M50xas long as short
StandX BNB-USD0.0000%1h787.07+0.179%$849K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.79+0.016%$9.5M150xas long as short
Aster BNBUSDT+0.0029%8h786.64+0.125%$6.0M$18.6M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.473%$19K$789K30xas long as short
dYdX BNB-USD+0.0034%1h785.65−0.001%$159K$62K10xas long as short
BingX BNB-USDC+0.0037%8h786.08+0.053%$13.4Mas long as short
MEXC BNB_USDT+0.0045%8h787.40+0.221%$81.2M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0046%8h786.59+0.119%$489.2M$813.0M75xas long as short
Lighter BNB+0.0096%1h786.01+0.045%$2.7M$3.6M20xas long as short
Phoenix BNB+0.0100%1h785.660.000%$158K$38K10xas long as short
Nado BNB-PERP+0.0100%1h785.95+0.037%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h786.59+0.118%$51.6M$17.5M10xas long as short
Pacifica BNB+0.0100%1h786.41+0.096%$1.2M$937K20xas long as short
Bybit BNBUSDT+0.0100%8h785.90+0.031%$138.4M$73.4M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.80+0.018%$53.5M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h786.10+0.056%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h786.10+0.056%$39.0M$55.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h785.79+0.017%$27.7M$10.2M75xas long as short
Bitget BNBUSDTlong+0.0100%8h785.66long leg$75.4M$32.6M75x
Backpack BNB_USDC_PERP+0.0100%1h786.31+0.083%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h785.82+0.020%$4.1M$4.7Mas long as short
edgeX BNBUSDC+0.0100%4h786.27+0.078%$4.1M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.42−0.031%$158K$439K50xas long as short
Polymarket Perps BNB-USDshort+0.0100%1h786.18+0.066%$131K$942K10x
Orderly PERP_BNB_USDC+0.0100%8h785.96+0.038%$264K$358K50xas long as short
Derive BNB-PERP+0.0100%1h786.49+0.106%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.57+0.116%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.00+0.043%$386K$952K10xas long as short
HTX BNB-USDT+0.0100%8h786.19+0.067%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.53+0.111%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h785.68+0.002%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h785.90+0.031%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0110%8h786.50+0.107%$171K$2.6M4.8xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h786.59+0.118%$548K$1.9M50xas long as short
Phemex BNBUSDT+0.0153%8h786.59+0.118%$68.6M$51.1M50xas long as short
BloFin BNB-USDT+0.0166%8h786.02+0.046%$17.8M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0185%8h785.57−0.012%$2.9M$27.5M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.32+0.083%$1.5M$141K25xas long as short
Bulk BNB-USD+0.0208%1h785.85+0.024%$637K$83110xas long as short
01 Exchange BNBUSD+0.0240%1h786.54+0.112%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0320%1h785.71+0.006%$6K$3K40xas long as short
RISEx BNB/USDC+0.0355%1h786.32+0.084%$1.1M$911K20xas long as short
Hibachi BNB/USDT-P+0.0432%1h785.96+0.038%$67K$39K12xas long as short