Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: Polymarket Perps against Binance+0.015%7-day average +0.089% · you sell dearer than you buy

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

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.389%+$39 on $10k

Price spread, last 7 days+0.207%+$21 · spread now +0.015%, 7d avg +0.089%

Together, before fees+0.596%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.074% cheaper against Binance than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.089%). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.389% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.301	0	get 0.0000% / 4h	3h 48m	$148.7M	$352.4M	100x
Short	Polymarket Perps BRENTOIL-USD	97.315	0.0050	get 0.0006% / 1h	48m 18s	$1.6M	$370K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.015%Rate

Funding earned: $10.5
Price spread: +0.015% → +0.089%: −$7.41
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.91
Costs to cover: 0.180%
Break-even: 16.9 days

Slippage unknown: Binance: live order book, 10 min ago; Polymarket Perps: live order book, 1 min ago. 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 Binance live order book, 10 min ago	0.51 bp	5.5 bp −$6	6.3 bp −$63	11.5 bp −$1,148	27.2 bp −$13.6K
Sell Polymarket Perps live order book, 1 min ago	255.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BZ on 31 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
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.985%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0076%	1h	97.240	−0.062%	$3.1M	$992K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0074%	4h	97.238	−0.064%	$14K	$332K	25x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.300	−0.001%	$100K	$259K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.184%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.283	−0.019%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.300	−0.001%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0018%	4h	97.290	−0.011%	$1.5M	$99K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.333	+0.033%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.318	+0.018%	$338K	$860K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDTlong	0.0000%	4h	97.301	long leg	$148.7M	$352.4M	100x
Bybit BZUSDT	0.0000%	8h	97.290	−0.011%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.270	−0.032%	$16.1M	$19.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.240	−0.062%	$9.2M	$10.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.310	+0.009%	$27.9M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.269	−0.033%	$9.4M	$6.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.330	+0.030%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.210	−0.093%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.480	+0.184%	$1.2M	$85K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.29	+4.100%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.857	+0.572%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.204	−0.099%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.290	−0.011%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.333	+0.033%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.302	+0.002%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.320	+0.020%	$155.2M	$115.7M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.315	+0.015%	$1.6M	$370K	20x
Aftermath Perps BRENTUSD	+0.0078%	1h	97.323	+0.023%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.280	−0.021%	$3.8M	$798K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.280	−0.021%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.305	+0.004%	$115K	—	111x	as long as short