BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: Polymarket Perps against Coinbase International−0.096%7-day average +0.013% · 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−$41as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.245%+$25 · spread now −0.096%, 7d avg +0.013%

Together, before fees+0.338%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.109% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.013%). If the spread goes back, that is −$11 on $10k: about 30 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.093% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	805.15	0.0088	pay 0.0011% / 1h	7m 22s	$608K	$881K	50x
Short	Polymarket Perps BNB-USD	804.38	0.0100	get 0.0013% / 1h	7m 22s	$116K	$873K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.096%Rate

Funding earned: $2.52
Price spread: −0.096% → +0.013%: −$10.89
Slippage, 4 orders: −$12.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$38.53
Costs to cover: 0.302%
Break-even: 114.0 days

Slippage from Coinbase International: live order book, 16 min ago; Polymarket Perps: live order book, 16 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 Coinbase International live order book, 16 min ago	2.42 bp	7.5 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 16 min ago	2.54 bp	6.6 bp −$7	6.8 bp −$68	14.0 bp −$1,396	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 −0.0195% / S +0.0371%	1h	804.33	−0.102%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.11	−0.005%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.17	+0.003%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.30	+0.019%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.76	−0.048%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.40	−0.093%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.15	−0.125%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.065%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	804.47	−0.084%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.00	−0.143%	$139.5M	$81.7M	75x	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-INTXlong	+0.0088%	1h	805.15	long leg	$608K	$881K	50x
Lighter BNB	+0.0096%	1h	804.83	−0.040%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.13	−0.002%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.23	−0.115%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.82	−0.041%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.30	−0.106%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.00	−0.019%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.25	−0.112%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.29	−0.107%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.04	−0.138%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.38	+0.028%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.81	−0.042%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	804.38	−0.096%	$116K	$873K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	804.38	−0.096%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.58	−0.071%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.05	−0.012%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.85	−0.038%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.90	−0.031%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.30	+0.019%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.04	−0.138%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.49	−0.081%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.30	+0.019%	$84.5M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	804.96	−0.024%	$520.0M	$805.8M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.058%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	804.88	−0.034%	$70.2M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0191%	1h	804.30	−0.106%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0204%	1h	805.06	−0.011%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.86	−0.037%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.33	+0.022%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	804.86	−0.036%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.99	−0.020%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.027%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.08	−0.133%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.39	+0.030%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.032%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0649%	1h	805.76	+0.076%	$3.0M	$5.5M	40x	as long as short