Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Gate+0.085%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.523%+$52 on $10k

Price spread, last 7 days+0.191%+$19 · spread now +0.085%, 7d avg +0.166%

Together, before fees+0.714%+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.080% cheaper against Gate than usual: you would sell low and buy high (spread +0.085% now, against its 7-day average of +0.166%). If the spread goes back, that is −$8 on $10k: about 5.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.523% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.230	0	get 0.0000% / 8h	4h 45m	$9.2M	$12.2M	100x
Short	Polymarket Perps BRENTOIL-USD	97.313	0.0050	get 0.0006% / 1h	45m 55s	$1.6M	$469K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.085%Rate

Funding earned: $10.5
Price spread: +0.085% → +0.166%: −$8.04
Slippage, 4 orders: −$15.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$35.67
Costs to cover: 0.381%
Break-even: 30.8 days

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	1.03 bp	12.8 bp −$13	17.9 bp −$179	33.6 bp −$3,363	46.4 bp −$23.2K
Sell Polymarket Perps live order book, 3 min ago	2.62 bp	7.4 bp −$7	7.9 bp −$79	18.5 bp −$1,849	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	96.376	−0.878%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.010%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0009%	4h	97.230	0.000%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.260	+0.031%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.290	+0.062%	$147.1M	$371.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.280	+0.051%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.260	+0.031%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.251	+0.022%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.230	long leg	$9.2M	$12.2M	100x
Bitget BZUSDT	0.0000%	4h	97.300	+0.072%	$27.5M	$16.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.257	+0.028%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.264	+0.035%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.300	+0.072%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	+0.051%	$104K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.200	−0.031%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.270	+0.041%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.830	+0.617%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	97.247	+0.018%	$223K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.290	+0.062%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.315	+0.087%	$676K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0036%	1h	101.30	+4.186%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.254	+0.025%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.318	+0.091%	$152.7M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.313	+0.085%	$1.6M	$469K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.210	−0.021%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.290	+0.062%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.310	+0.082%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.220	−0.010%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0108%	1h	97.262	+0.033%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.300	+0.072%	$84K	$213K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0009%	1h	97.265	+0.036%	$126K	—	111x	as long as short