Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: Paradex against Polymarket Perps+0.057%48s7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.057% dearer against Polymarket Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	786.39	0.0100	pay 0.0013% / 1h	46m 44s	$131K	$949K	10x
Short	Paradex BNB-USD-PERP	786.84	0.0101	get 0.0101% / 8h	1h 46m	$76K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0.16
Price spread: +0.057% → 0.000%: $5.69
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.16
Costs to cover: 0.120%
Break-even: 283.6 days

Slippage unknown: Polymarket Perps: live order book, 61 min ago; Paradex: 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, 61 min ago	2.99 bp	7.0 bp −$7	7.0 bp −$70	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0170% / S +0.0337%	1h	786.28	−0.014%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.95	+0.071%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.44	+0.134%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.29	−0.012%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.378%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	786.71	+0.041%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.45	+0.008%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.40	+0.128%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	786.74	+0.045%	$490.1M	$816.0M	75x	as long as short
dYdX BNB-USD	+0.0068%	1h	786.47	+0.010%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	786.93	+0.069%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.56	+0.022%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.35	−0.005%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.40	+0.001%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.65	+0.033%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.42	+0.004%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.10	−0.037%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.011%	$53.4M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.40	+0.001%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.15	−0.031%	$37.1M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.90	−0.062%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.11	−0.036%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.52	+0.017%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.23	+0.107%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.07	+0.086%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	786.39	long leg	$131K	$949K	10x
Derive BNB-PERP	+0.0100%	1h	786.51	+0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	+0.095%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.50	+0.014%	$387K	$985K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.78	+0.050%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0101%	8h	786.84	+0.057%	$76K	$17K	50x
Extended BNB-USD	+0.0104%	1h	786.04	−0.045%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.38	−0.001%	$378K	$110K	10x	as long as short
Hyperliquid BNB	+0.0121%	1h	786.73	+0.043%	$51.5M	$17.6M	10x	as long as short
Phoenix BNB	+0.0135%	1h	787.01	+0.079%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	786.60	+0.027%	$170K	$2.7M	4.8x	as long as short
Backpack BNB_USDC_PERP	+0.0146%	1h	786.67	+0.036%	$2.2M	$6.1M	40x	as long as short
BloFin BNB-USDT	+0.0187%	8h	786.90	+0.065%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.31	−0.011%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.27	+0.112%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	787.15	+0.097%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.78	+0.049%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.11	−0.036%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	+0.103%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.44	+0.007%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	786.90	+0.065%	$67K	$39K	12x	as long as short