Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.002%

Price spread now: Polymarket Perps against MEXC−0.190%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.190%, 7d avg −0.171%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.171%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	785.80	0.0048	pay 0.0048% / 8h	17m 05s	$80.8M	$12.0M	200x
Short	Polymarket Perps BNB-USD	784.31	0.0100	get 0.0013% / 1h	17m 05s	$131K	$944K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now −0.190%Rate

Funding earned: $10.92
Price spread: −0.190% → −0.171%: −$1.87
Slippage, 4 orders: −$9.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.83
Costs to cover: 0.219%
Break-even: 15.2 days

Slippage from MEXC: live order book, 2 min ago; Polymarket Perps: live order book, 21 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 MEXC live order book, 2 min ago	0.64 bp	3.3 bp −$3	6.3 bp −$63	21.7 bp −$2,171	39.5 bp −$19.7K
Sell Polymarket Perps live order book, 21 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	784.60	−0.153%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.83	−0.123%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.67	−0.144%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.30	−0.064%	$170K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.26	−0.069%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.58	−0.155%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.455%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	785.26	−0.069%	$6.0M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0039%	8h	784.53	−0.162%	—	$13.4M	—	as long as short
MEXC BNB_USDTlong	+0.0048%	8h	785.80	long leg	$80.8M	$12.0M	200x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0049%	8h	785.35	−0.058%	$488.1M	$816.7M	75x	as long as short
Phemex BNBUSDT	+0.0075%	8h	785.26	−0.069%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.71	−0.139%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.13	−0.085%	$159K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.35	−0.185%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.23	−0.073%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.76	−0.132%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.59	−0.154%	$138.1M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	−0.153%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.70	−0.140%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.70	−0.140%	$38.2M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.39	−0.179%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.33	−0.187%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.10	−0.089%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−0.304%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.01	−0.100%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	−0.048%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	784.31	−0.190%	$131K	$944K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	784.64	−0.148%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.56	−0.158%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.00	−0.102%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.80	−0.127%	$386K	$965K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.63	−0.149%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.12	−0.087%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.20	−0.204%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.68	−0.142%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−0.168%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0109%	1h	784.27	−0.195%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	785.10	−0.089%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	785.43	−0.047%	$2.9M	$28.3M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−0.111%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.03	−0.098%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.05	−0.095%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.16	−0.209%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.87	−0.119%	$1.1M	$904K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.71	−0.139%	$67K	$39K	12x	as long as short