BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h +0.001%

Price spread now: Kraken Futures against Polymarket Perps−0.010%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.010%, 7d avg −0.005%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$5 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	785.24	0.0100	pay 0.0013% / 1h	36m 59s	$131K	$953K	10x
Short	Kraken Futures PF_BNBUSD	785.17	−0.0050	pay 0.0006% / 1h	36m 59s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$31.55
Price spread: −0.010% → −0.005%: −$0.46
Slippage, 4 orders: −$13.63
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$63.64
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 66 min ago; Kraken Futures: live order book, 2 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, 66 min ago	2.29 bp	6.7 bp −$7	6.9 bp −$69	28.3 bp −$2,834	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.61 bp	10.2 bp −$10	13.7 bp −$137	28.7 bp −$2,875	94.7 bp −$47.3K

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	785.29	+0.006%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.91	+0.085%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0050%	1h	785.17	−0.010%	$2.5M	$1.2M	50x
StandX BNB-USD	0.0000%	1h	786.34	+0.140%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.30	+0.008%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.528%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	785.70	+0.059%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDT	+0.0044%	8h	785.43	+0.024%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0054%	8h	785.73	+0.062%	$488.5M	$822.5M	75x	as long as short
MEXC BNB_USDT	+0.0054%	8h	786.40	+0.148%	$80.9M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0064%	1h	785.74	+0.064%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0081%	8h	785.81	+0.073%	$68.6M	$51.5M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.28	+0.005%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	786.10	+0.110%	$168K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.35	+0.014%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.86	+0.079%	$51.4M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.63	+0.049%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.20	−0.005%	$138.2M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.00	−0.031%	$53.4M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.70	+0.059%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.30	+0.008%	$38.3M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.08	−0.020%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.04	−0.025%	$76.1M	$31.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.77	+0.067%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.30	+0.135%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	+0.129%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.94	+0.216%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	785.24	long leg	$131K	$953K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	785.33	+0.011%	$264K	$422K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.55	+0.040%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.82	+0.073%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.50	+0.033%	$386K	$972K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.56	+0.041%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.90	+0.084%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.99	−0.032%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.32	+0.010%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.02	+0.099%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0112%	8h	785.80	+0.071%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0174%	8h	785.82	+0.074%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.71	+0.060%	$1.5M	$145K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	786.50	+0.160%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	786.60	+0.174%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.74	+0.064%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	785.05	−0.025%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.79	+0.070%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.82	+0.074%	$67K	$39K	12x	as long as short