Funding you earn now, next payment 09:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Polymarket Perps against gTrade (Gains Network)+0.029%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2852.849% of the position
Funding, last 4 days (all we have)+0.095%+$10 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now +0.029%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.027% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BNB/USD | 786.22 | L +0.0007% / S −0.0007% | pay 0.0001% / 1h | 42m 10s | $9.5M | — | 150x |
| Short | Polymarket Perps BNB-USD | 786.45 | 0.0100 | get 0.0013% / 1h | 42m 10s | $131K | $942K | 10x |
gTrade (Gains Network) BNB/USD
Polymarket Perps BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against gTrade (Gains Network). 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
- $19.43
- Price spread: +0.029% → +0.003%
- $2.68
- Slippage, 4 orders
- −$266.92
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$262.81
- Costs to cover
- 2.849%
- Break-even
- 101.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Polymarket Perps: live order book, 56 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2253.7 bp −$1.13M |
| Sell Polymarket Perps live order book, 56 min ago | 3.12 bp | 7.1 bp −$7 | 7.3 bp −$73 | 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 −0.0168% / S +0.0337% | 1h | 786.16 | −0.007% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.29 | +0.136% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 786.04 | −0.022% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.44 | +0.155% | $3.0M | $27.6M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.05 | +0.106% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDlong | L +0.0007% / S −0.0007% | 1h | 786.22 | long leg | $9.5M | — | 150x | |
| Aster BNBUSDT | +0.0025% | 8h | 786.63 | +0.052% | $6.0M | $18.5M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.400% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0036% | 8h | 786.19 | −0.004% | — | $13.4M | — | as long as short |
| Binance BNBUSDT | +0.0041% | 8h | 786.49 | +0.034% | $489.3M | $812.5M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0042% | 8h | 787.70 | +0.188% | $82.5M | $12.2M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.13 | −0.011% | $2.7M | $3.6M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.85 | −0.047% | $1.3M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.87 | +0.083% | $51.6M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.26 | +0.005% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.90 | −0.041% | $138.4M | $73.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.90 | −0.041% | $53.5M | $111.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.30 | +0.010% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.25 | +0.004% | $39.2M | $55.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.87 | −0.044% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.84 | −0.048% | $75.4M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.39 | +0.022% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.82 | +0.076% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.34 | +0.143% | $4.1M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.16 | +0.120% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USDshort | +0.0100% | 1h | 786.45 | +0.029% | $131K | $942K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.23 | +0.001% | $264K | $358K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.51 | +0.037% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.55 | +0.042% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.30 | +0.010% | $387K | $946K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.13 | −0.011% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.58 | +0.046% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.85 | −0.047% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.13 | −0.012% | $378K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0106% | 1h | 786.39 | +0.022% | $157K | $64K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0113% | 8h | 786.70 | +0.061% | $159K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 786.59 | +0.047% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.48 | +0.160% | $158K | $38K | 10x | as long as short |
| Phemex BNBUSDT | +0.0153% | 8h | 786.83 | +0.078% | $68.6M | $51.2M | 50x | as long as short |
| BloFin BNB-USDT | +0.0163% | 8h | 786.56 | +0.043% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 786.64 | +0.053% | $1.5M | $141K | 25x | as long as short |
| Bulk BNB-USD | +0.0215% | 1h | 787.68 | +0.186% | $638K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 786.77 | +0.070% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 785.96 | −0.033% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 786.38 | +0.021% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 786.70 | +0.062% | $67K | $39K | 12x | as long as short |
MEXC BNB_USDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
Phemex BNBUSDT
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P