BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h +0.043%

Price spread now: Polymarket Perps against Deribit+0.135%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.485%+$49 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.135%, 7d avg +0.073%

Together, before fees+0.520%+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Polymarket Perps is 0.062% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	94.830	−0.0382	get 0.0048% / 1h	48m 10s	$29K	$383K	15x
Short	Polymarket Perps BRENTOIL-USD	94.958	0.0050	get 0.0006% / 1h	48m 10s	$1.5M	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.135%Rate

Funding earned: $90.79
Price spread: +0.135% → +0.073%: $6.17
Slippage, 4 orders: −$10.43
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $71.52
Costs to cover: 0.254%
Break-even: 1.5 days

Slippage from Deribit: live order book, 58 min ago; Polymarket Perps: live order book, 3 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 Deribit live order book, 58 min ago	0.53 bp	5.1 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.54 bp	6.5 bp −$7	7.2 bp −$72	22.7 bp −$2,266	doesn't fit

BZ on 31 exchanges

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
RISEx BZ/USDC	−0.0384%	1h	94.889	+0.062%	$2.2M	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	−0.0382%	1h	94.830	long leg	$29K	$383K	15x
Kraken Futures PF_BRENTOILUSD	−0.0335%	1h	94.894	+0.068%	$107K	$277K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.950	+0.127%	$236K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0065%	8h	94.850	+0.021%	$10.5M	$18.0M	100x	as long as short
BloFin BZ-USDT	−0.0056%	4h	94.890	+0.063%	$1.5M	$124K	50x	as long as short
Binance BZUSDT	−0.0022%	4h	94.860	+0.032%	$146.1M	$477.6M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.416	−0.437%	$217K	$231K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.439	−0.412%	$16K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.926	+0.101%	$326K	$683K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.870	+0.042%	$15.8M	$30.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.820	−0.011%	$8.9M	$13.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.850	+0.021%	$27.5M	$31.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.410	−0.443%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.860	+0.032%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.000	+0.179%	$243K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.930	+0.105%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0008%	1h	94.521	−0.326%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.430	+0.633%	—	—	—	as long as short
Vest BZ-PERP	+0.0016%	1h	98.630	+4.007%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.850	+0.021%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.877	+0.049%	$760K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.006%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	94.851	+0.022%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.890	+0.063%	$142.5M	$187.8M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	94.958	+0.135%	$1.5M	$506K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.940	+0.116%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.880	+0.053%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.410	−0.443%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.905	+0.079%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	−0.369%	$33K	—	20x	as long as short