data as of
Settings8H · net · $10k
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Price arb /

BNB

all BNB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.132%7d average−0.070%fees + slippage, in and out−$31spread needed0.311%
Long on PhemexShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT794.730.0103pay 0.0103% / 8h1h 40m$70.3M$52.1M50x
ShortPolymarket Perps BNB-USD793.680.0100get 0.0013% / 1h40m 39s$104K$837K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$13.21
Funding while held
−$0.09
Slippage, 4 orders
−$11.09
Fee Phemex: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$44.39
Spread needed to break even
0.311%
Slippage from Phemex: live order book, 5 min ago; Polymarket Perps: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
−0.0003%
Per $10,000 a day
−$0.09
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago0.06 bp11.4 bp −$1114.0 bp −$14016.8 bp −$1,684doesn't fit
Sell Polymarket Perps live order book, 14 min ago2.52 bp6.5 bp −$76.7 bp −$6713.2 bp −$1,319doesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective768.32cheapestCoinbase International792.97+3.208%edgeX793.20+3.238%Bulk793.29+3.250%Variational Omni793.46+3.272%Reya793.48+3.275%OKX793.50+3.277%Extended793.55+3.284%Nado793.60+3.290%RISEx793.63+3.294%Bitget793.66+3.298%
Polymarket Perps793.68+3.301%
Bybit793.72+3.306%Gate793.80+3.316%HTX793.82+3.319%Hotstuff793.83+3.320%Phoenix793.86+3.324%KuCoin793.95+3.336%ApeX Omni793.97+3.338%Arcus794.00+3.342%dYdX794.02+3.345%gTrade (Gains Network)794.07+3.351%GMX794.08+3.352%Kraken Futures794.13+3.359%StandX794.17+3.364%BingX794.20+3.368%Kalshi794.20+3.368%SoDEX794.20+3.368%Lighter794.24+3.374%Hibachi794.26+3.376%Orderly794.27+3.377%Pacifica794.28+3.379%Aevo794.30+3.381%BloFin794.31+3.383%Paradex794.41+3.395%Derive794.42+3.397%Backpack794.48+3.405%Deribit794.66+3.428%Binance794.66+3.428%SunX794.67+3.429%Aster794.68+3.431%
Phemex794.73+3.437%
Hyperliquid794.78+3.444%MEXC795.40+3.525%

BNB on 44 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−3.323%+0.0033%1h$18K$464K30xas long as short
Coinbase International BNB-PERP-INTX−0.221%+0.0072%1h$593K$890K50xas long as short
edgeX BNBUSDC−0.192%+0.0100%4h$4.1M$66.8M30xas long as short
Bulk BNB-USD−0.181%+0.0349%1h$632K$84K10xas long as short
Variational Omni BNB−0.160%−0.0031%8h$4.4M$6.2M—as long as short
Reya BNBRUSDPERP−0.157%+0.0324%1h$9K—40xas long as short
OKX BNB-USDT-SWAP−0.155%+0.0100%8h$52.9M$96.9M50xas long as short
Extended BNB-USD−0.149%+0.0104%1h$2.0M$5.9M50xas long as short
Nado BNB-PERP−0.142%+0.0100%1h$1.5M$2.8M20xas long as short
RISEx BNB/USDC−0.139%+0.0132%1h$1.2M$1.5M20xas long as short
Show all 44 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BNBUSDT−0.135%+0.0100%8h$76.1M$21.1M75xas long as short
Polymarket Perps BNB-USDshort−0.132%+0.0100%1h$104K$837K10x
Bybit BNBUSDT−0.127%−0.0032%8h$138.8M$82.3M75xas long as short
Gate BNB_USDT−0.117%+0.0100%8h$36.2M$53.9M75xas long as short
HTX BNB-USDT−0.115%+0.0100%8h$8.1M$4.0M75xas long as short
Hotstuff BNB-PERP−0.113%−0.0080%1h$4K$1K25xas long as short
Phoenix BNB−0.109%+0.0125%1h$169K$52K10xas long as short
KuCoin BNBUSDTM−0.098%+0.0100%8h$28.3M$9.8M75xas long as short
ApeX Omni BNBUSDT−0.096%+0.0100%1h$184K$417K50xas long as short
Arcus BNB-USD−0.092%+0.0100%1h$51K$241K10xas long as short
dYdX BNB-USD−0.089%+0.0788%1h$172K$54K10xas long as short
gTrade (Gains Network) BNB/USD−0.084%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.082%L +0.0028% / S +0.0176%1h$54K—200xas long as short
Kraken Futures PF_BNBUSD−0.076%+0.0071%1h$2.5M$735K50xas long as short
StandX BNB-USD−0.070%0.0000%1h$860K$3.3M30xas long as short
BingX BNB-USDT−0.067%−0.0038%8h—$32.8M—as long as short
Kalshi KXBNBPERP−0.067%0.0000%8h$152K$2.5M4.8xas long as short
SoDEX BNB-USD−0.067%+0.0144%1h$391K$1.0M10xas long as short
Lighter BNB−0.062%+0.0096%1h$2.8M$2.9M20xas long as short
Hibachi BNB/USDT-P−0.060%+0.0288%1h$71K$40K12xas long as short
Orderly PERP_BNB_USDC−0.058%+0.0100%8h$297K$642K50xas long as short
Pacifica BNB−0.057%+0.0100%1h$1.2M$722K20xas long as short
Aevo BNB-PERP−0.055%+0.0104%1h$382K$37K10xas long as short
BloFin BNB-USDT−0.053%+0.0199%8h$19.1M$2.8M75xas long as short
Paradex BNB-USD-PERP−0.041%+0.0100%8h$77K$821K50xas long as short
Derive BNB-PERP−0.039%+0.0100%1h$30K$2K10xas long as short
Backpack BNB_USDC_PERP−0.031%+0.0100%1h$2.1M$1.0M40xas long as short
Deribit BNB_USDC-PERPETUAL−0.009%+0.0300%1h$1.5M$143K25xas long as short
Binance BNBUSDT−0.009%+0.0080%8h$516.5M$707.3M75xas long as short
SunX BNB-USDT−0.008%+0.0100%8h$13K$1.6M50xas long as short
Aster BNBUSDT−0.006%+0.0084%8h$6.1M$18.1M200xas long as short
Phemex BNBUSDTlong0.000%+0.0103%8h$70.3M$52.1M50x
Hyperliquid BNB+0.006%+0.0323%1h$50.2M$19.1M10xas long as short
MEXC BNB_USDT+0.084%+0.0079%8h$83.7M$14.8M200xas long as short