Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Coinbase International against Polymarket Perps+0.091%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.091%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.097% dearer against Polymarket Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 783.77 | 0.0100 | pay 0.0013% / 1h | 20m 55s | $131K | $944K | 10x |
| Short | Coinbase International BNB-PERP-INTX | 784.48 | 0.0104 | get 0.0013% / 1h | 20m 55s | $546K | $1.9M | 50x |
Polymarket Perps BNB-USD
Coinbase International BNB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.091% → −0.006%
- $9.66
- Slippage, 4 orders
- −$12.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$19.89
- Costs to cover
- 0.304%
- Break-even
- 172.8 days
Slippage from Polymarket Perps: live order book, 17 min ago; Coinbase International: live order book, 3 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, 17 min ago | 3.12 bp | 7.8 bp −$8 | 8.0 bp −$80 | 27.2 bp −$2,715 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.49 bp | 7.6 bp −$8 | 13.8 bp −$138 | 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 | 783.78 | +0.001% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 784.42 | +0.083% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 783.73 | −0.006% | $2.5M | $1.2M | 50x | as long as short |
| Variational Omni BNB | 0.0000% | 8h | 783.51 | −0.034% | $4.0M | $4.7M | — | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 784.50 | +0.093% | $171K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 784.22 | +0.057% | $846K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 783.78 | +0.001% | $9.4M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.720% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 784.36 | +0.075% | $6.0M | $18.8M | 200x | as long as short |
| BingX BNB-USDC | +0.0039% | 8h | 783.80 | +0.004% | — | $13.4M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
Variational Omni BNB
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDCShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0048% | 8h | 785.00 | +0.157% | $80.7M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0049% | 8h | 784.40 | +0.080% | $487.1M | $819.7M | 75x | as long as short |
| Phemex BNBUSDT | +0.0074% | 8h | 784.28 | +0.065% | $68.5M | $51.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 783.86 | +0.012% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 784.53 | +0.097% | $161K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 783.85 | +0.010% | $1.3M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 784.32 | +0.070% | $51.4M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.31 | +0.069% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 783.60 | −0.022% | $137.9M | $74.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 783.70 | −0.009% | $53.3M | $112.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.30 | +0.068% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 783.80 | +0.004% | $38.2M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 783.52 | −0.032% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 783.40 | −0.047% | $75.2M | $32.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 784.15 | +0.048% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 783.84 | +0.009% | $4.1M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.61 | +0.107% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 783.77 | long leg | $131K | $944K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 783.82 | +0.006% | $263K | $388K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.17 | +0.050% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 784.33 | +0.072% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 783.90 | +0.017% | $385K | $967K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.34 | +0.073% | $8.0M | $10.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.57 | +0.102% | $78K | $17K | 50x | as long as short |
| dYdX BNB-USD | +0.0101% | 1h | 783.56 | −0.027% | $159K | $62K | 10x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 783.39 | −0.048% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 783.87 | +0.013% | $377K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTXshort | +0.0104% | 1h | 784.48 | +0.091% | $546K | $1.9M | 50x | |
| BloFin BNB-USDT | +0.0169% | 8h | 784.71 | +0.120% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 784.17 | +0.051% | $1.5M | $141K | 25x | as long as short |
| Bulk BNB-USD | +0.0208% | 1h | 785.53 | +0.225% | $637K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0217% | 8h | 784.62 | +0.108% | $2.9M | $28.4M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 784.67 | +0.115% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0320% | 1h | 783.40 | −0.047% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 784.38 | +0.078% | $1.1M | $906K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 784.39 | +0.080% | $67K | $39K | 12x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Lighter BNB
Phoenix 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
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
dYdX BNB-USD
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P