Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Polymarket Perps against Bybit+0.111%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.111%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BNBUSDT | 783.93 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $138.1M | $70.9M | 75x |
| Short | Polymarket Perps BNB-USD | 784.80 | 0.0100 | get 0.0013% / 1h | 54m 59s | $129K | $914K | 10x |
Bybit BNBUSDT
Polymarket Perps BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.111% → +0.027%
- $8.43
- Slippage, 4 orders
- −$8.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$19.32
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 23 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 Bybit live order book, 4 min ago | 0.63 bp | 6.1 bp −$6 | 8.1 bp −$81 | 24.0 bp −$2,400 | 154.4 bp −$77.2K |
| Sell Polymarket Perps live order book, 23 min ago | 1.90 bp | 5.9 bp −$6 | 7.3 bp −$73 | doesn't fit | doesn't fit |
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 −0.0166% / S +0.0336% | 1h | 784.49 | +0.071% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.82 | +0.241% | $4K | — | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.51 | +0.456% | $2.9M | $26.4M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.67 | +0.477% | $849K | $2.8M | 30x | as long as short |
| Aster BNBUSDT | +0.0005% | 8h | 784.64 | +0.091% | $6.0M | $17.7M | 200x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.53 | +0.459% | $9.5M | — | 150x | as long as short |
| BingX BNB-USDC | +0.0019% | 8h | 784.87 | +0.120% | — | $13.4M | — | as long as short |
| Binance BNBUSDT | +0.0025% | 8h | 784.55 | +0.080% | $480.7M | $796.9M | 75x | as long as short |
| MEXC BNB_USDT | +0.0025% | 8h | 786.10 | +0.277% | $82.7M | $11.7M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.699% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Aster BNBUSDT
gTrade (Gains Network) BNB/USD
BingX BNB-USDC
Binance BNBUSDT
MEXC BNB_USDT
Injective BNB/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0035% | 1h | 784.63 | +0.089% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.67 | +0.095% | $2.7M | $3.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0099% | 8h | 785.18 | +0.159% | $17.6M | $2.3M | 75x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.80 | +0.111% | $1.4M | $2.5M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 784.98 | +0.134% | $51.6M | $17.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 785.44 | +0.193% | $1.2M | $940K | 20x | as long as short |
| Bybit BNBUSDTlong | +0.0100% | 8h | 783.93 | long leg | $138.1M | $70.9M | 75x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 783.90 | −0.004% | $53.4M | $106.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.90 | +0.124% | $52K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.35 | +0.054% | $39.8M | $53.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.24 | +0.040% | $27.7M | $9.7M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 783.83 | −0.013% | $75.3M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 784.93 | +0.128% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.20 | +0.289% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.31 | +0.431% | $4.1M | $77.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.42 | +0.445% | $158K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USDshort | +0.0100% | 1h | 784.80 | +0.111% | $129K | $914K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.65 | +0.092% | $264K | $304K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.29 | +0.173% | $12K | $1.4M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.70 | +0.098% | $386K | $938K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 785.07 | +0.145% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.40 | +0.188% | $78K | $337K | 50x | as long as short |
| Phemex BNBUSDT | +0.0100% | 8h | 785.12 | +0.152% | $68.3M | $51.4M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0102% | 8h | 785.70 | +0.226% | $168K | $2.5M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 783.66 | −0.034% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.51 | +0.073% | $377K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.71 | +0.482% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 787.77 | +0.490% | $550K | $1.9M | 50x | as long as short |
| Bulk BNB-USD | +0.0186% | 1h | 787.44 | +0.447% | $638K | $0 | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 784.96 | +0.131% | $1.5M | $136K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0216% | 1h | 784.99 | +0.135% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0318% | 1h | 784.32 | +0.049% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0345% | 1h | 784.92 | +0.127% | $1.1M | $895K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0424% | 1h | 787.09 | +0.403% | $67K | $38K | 12x | as long as short |
| dYdX BNB-USD | +0.0519% | 1h | 785.24 | +0.166% | $157K | $42K | 10x | as long as short |
Kraken Futures PF_BNBUSD
Lighter BNB
BloFin BNB-USDT
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Coinbase International BNB-PERP-INTX
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P
dYdX BNB-USD