Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.013%

Price spread now: BingX against Polymarket Perps+0.010%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.010%, 7d avg +0.016%

Together, before fees−0.324%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	790.00	0.0100	pay 0.0013% / 1h	3m 44s	$138K	$947K	10x
Short	BingX BNB-USDT	790.08	0.0051	get 0.0051% / 8h	6h 03m	—	$34.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$10.29
Price spread: +0.010% → +0.016%: −$0.6
Slippage, 4 orders: −$6.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.91
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 64 min ago; BingX: live order book, 5 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 Polymarket Perps live order book, 64 min ago	2.88 bp	6.9 bp −$7	7.8 bp −$78	16.3 bp −$1,631	doesn't fit
Sell BingX live order book, 5 min ago	0.13 bp	5.1 bp −$5	7.5 bp −$75	13.7 bp −$1,374	23.2 bp −$11.6K

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 −0.0167% / S +0.0335%	1h	789.75	−0.031%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.66	−0.043%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.04	+0.005%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.26	+0.033%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.86	−0.018%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.910%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	790.63	+0.080%	$6.2M	$19.2M	200x	as long as short
BingX BNB-USDTshort	+0.0051%	8h	790.08	+0.010%	—	$34.7M	—
Variational Omni BNB	+0.0055%	8h	789.21	−0.100%	$4.1M	$4.8M	—	as long as short
Phemex BNBUSDT	+0.0056%	8h	790.36	+0.046%	$69.1M	$50.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	−0.149%	$619K	$1.8M	50x	as long as short
Gate BNB_USDT	+0.0064%	8h	789.85	−0.019%	$35.2M	$57.9M	75x	as long as short
MEXC BNB_USDT	+0.0065%	8h	790.80	+0.101%	$80.5M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	790.34	+0.043%	$494.7M	$817.0M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0084%	8h	788.67	−0.169%	$2.9M	$28.5M	10x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	−0.072%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	790.01	+0.001%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.75	−0.032%	$382K	$392K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.45	−0.070%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.55	+0.070%	$51.8M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.94	−0.008%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.70	−0.038%	$139.0M	$79.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.60	−0.051%	$53.4M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.40	+0.051%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.81	−0.024%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.84	−0.020%	$77.5M	$30.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.48	−0.066%	$4.1M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.73	−0.034%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	790.00	long leg	$138K	$947K	10x
Derive BNB-PERP	+0.0100%	1h	789.86	−0.018%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.58	+0.073%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.15	+0.019%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.65	+0.082%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.67	−0.042%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.81	−0.025%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0109%	1h	789.56	−0.056%	$160K	$64K	10x	as long as short
SoDEX BNB-USD	+0.0110%	1h	789.80	−0.025%	$388K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	790.48	+0.060%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0174%	8h	790.30	+0.038%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.82	+0.104%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	−0.025%	$640K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.22	+0.027%	$1.5M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.90	−0.013%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0389%	1h	790.41	+0.052%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	789.78	−0.028%	$68K	$39K	12x	as long as short