Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX−0.091%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$600.605% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.091%, 7d avg −0.078%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	790.20	0.0100	pay 0.0100% / 8h	6h 02m	$12K	$1.6M	50x
Short	Polymarket Perps BNB-USD	789.48	0.0100	get 0.0013% / 1h	2m 00s	$137K	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.078%: −$1.26
Slippage, 4 orders: −$44.48
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$61.74
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Polymarket Perps: live order book, 66 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 SunX live order book, 3 min ago	18.07 bp	24.6 bp −$25	39.0 bp −$390	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 66 min ago	2.88 bp	6.9 bp −$7	6.9 bp −$69	14.8 bp −$1,479	doesn't fit

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	789.61	−0.075%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.47	−0.093%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.11	−0.011%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.96	+0.096%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.69	−0.065%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.884%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	790.15	−0.006%	$6.2M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	789.46	−0.094%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0054%	8h	790.18	−0.003%	$69.1M	$50.8M	50x	as long as short
Variational Omni BNB	+0.0055%	8h	789.21	−0.125%	$4.1M	$4.8M	—	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	789.66	−0.068%	$619K	$1.8M	50x	as long as short
Gate BNB_USDT	+0.0067%	8h	789.55	−0.082%	$35.2M	$58.0M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	790.40	+0.025%	$80.4M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	790.16	−0.005%	$494.6M	$816.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	−0.097%	$170K	$36K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0095%	8h	789.99	−0.027%	$2.9M	$28.4M	10x	as long as short
Lighter BNB	+0.0096%	1h	789.80	−0.050%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.59	−0.077%	$382K	$386K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.20	−0.127%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.20	0.000%	$51.8M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.65	−0.070%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.50	−0.089%	$138.9M	$79.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.40	−0.101%	$53.3M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.80	−0.051%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.34	−0.109%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.28	−0.116%	$77.3M	$29.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.48	−0.091%	$4.1M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.73	−0.059%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USDshort	+0.0100%	1h	789.48	−0.091%	$137K	$947K	10x
Derive BNB-PERP	+0.0100%	1h	789.70	−0.063%	$31K	$9K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	790.20	long leg	$12K	$1.6M	50x
HTX BNB-USDT	+0.0100%	8h	789.66	−0.069%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.22	+0.002%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.26	−0.119%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.61	−0.075%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0113%	1h	789.56	−0.081%	$160K	$64K	10x	as long as short
SoDEX BNB-USD	+0.0114%	1h	789.70	−0.063%	$388K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.83	−0.047%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	790.20	0.000%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.22	+0.003%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	−0.051%	$640K	$13K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.40	−0.101%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0386%	1h	790.29	+0.011%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	790.09	−0.014%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	790.12	−0.010%	$68K	$39K	12x	as long as short