Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Polymarket Perps+0.016%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	804.86	0.0100	pay 0.0013% / 1h	10m 34s	$116K	$873K	10x
Short	Derive BNB-PERP	804.99	0.0100	get 0.0013% / 1h	10m 34s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → 0.000%: $1.56
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$12.44
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 12 min ago; Derive: no order-book sample. Net counts fees only.

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, 12 min ago	2.54 bp	7.1 bp −$7	7.9 bp −$79	15.6 bp −$1,562	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0195% / S +0.0371%	1h	804.89	+0.003%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.14	+0.035%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.48	+0.077%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.40	+0.067%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.97	+0.014%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.94	+0.010%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.12	+0.033%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	+0.106%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	805.07	+0.026%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.70	−0.020%	$139.6M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.036%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	805.47	+0.076%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.80	+0.117%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.90	+0.005%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.50	+0.079%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.80	−0.007%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.40	+0.067%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.05	+0.024%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.16	+0.037%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.74	−0.015%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.240%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.186%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	804.86	long leg	$116K	$873K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	804.94	+0.010%	$389K	$593K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	804.99	+0.016%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	805.43	+0.071%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.52	+0.082%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.95	+0.011%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.95	+0.136%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.70	−0.019%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.05	+0.024%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	806.00	+0.142%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.68	+0.102%	$520.8M	$806.1M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.094%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0134%	8h	805.65	+0.098%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0194%	1h	805.00	+0.017%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.26	+0.050%	$1.1M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0212%	1h	805.74	+0.109%	$51.9M	$22.0M	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	805.45	+0.073%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0245%	1h	804.86	0.000%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.00	+0.018%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.063%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.69	−0.021%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.87	+0.125%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.004%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	806.00	+0.142%	$3.0M	$5.5M	40x	as long as short