Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.014%

Price spread now: Polymarket Perps against edgeX+0.059%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now +0.059%, 7d avg +0.112%

Together, before fees+0.586%+ Points / potential airdropedgeX: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.053% cheaper against edgeX than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.112%). If the spread goes back, that is −$5 on $10k: about 4.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.376% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.892	0.0013	pay 0.0006% / 4h	2h 03m	$222K	$228K	20x
Short	Polymarket Perps BRENTOIL-USD	96.949	0.0050	get 0.0006% / 1h	3m 25s	$1.5M	$470K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.059%Rate

Funding earned: $7.81
Price spread: +0.059% → +0.112%: −$5.33
Slippage, 4 orders: −$24.75
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$39.27
Costs to cover: 0.417%
Break-even: 42.2 days

Slippage from edgeX: live order book, 64 min ago; Polymarket Perps: live order book, 5 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 edgeX live order book, 64 min ago	9.83 bp	14.3 bp −$14	15.2 bp −$152	68.1 bp −$6,812	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.65 bp	7.4 bp −$7	7.5 bp −$75	16.9 bp −$1,687	doesn't fit

BZ on 30 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	95.978	−0.943%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.085%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.884	−0.008%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.880	−0.012%	$146.3M	$377.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.860	−0.033%	$10.3M	$13.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.870	−0.023%	$15.9M	$20.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.881	−0.011%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.840	−0.054%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.880	−0.012%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.868	−0.025%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.899	+0.007%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.900	+0.008%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.910	+0.019%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.840	−0.054%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.890	−0.002%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.404	+0.528%	—	—	—	as long as short
edgeX BZUSDClong	+0.0013%	4h	96.892	long leg	$222K	$228K	20x
Lighter BRENTOIL	+0.0032%	1h	96.890	−0.002%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.896	+0.004%	$677K	$5.0M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	96.910	+0.019%	$33K	—	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.96	+4.199%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.890	−0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.891	−0.001%	$151.8M	$126.7M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.949	+0.059%	$1.5M	$470K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.860	−0.033%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.950	+0.060%	$3.8M	$882K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	−0.002%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0210% / S +0.0073%	1h	96.875	−0.017%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0221%	1h	96.929	+0.038%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.902	+0.010%	$83K	$218K	20x	as long as short