BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0898%/8h= +98.3% APRnext payment +$1.12 per $10,000 · paid last 24h +0.006%

Price spread now: Polymarket Perps against GMX+0.079%7-day average +0.092% · you sell dearer than you buy

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

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.117%+$12 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now +0.079%, 7d avg +0.092%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: +$27 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.117% in total (about 13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRENTOIL/USD [ETH-USDC]	96.195	L −0.0848% / S +0.0467%	get 0.0106% / 1h	54m 49s	$120K	—	111x
Short	Polymarket Perps BRENTOIL-USD	96.271	0.0050	get 0.0006% / 1h	54m 49s	$1.5M	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GMX. 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 GMXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.079%Rate

Funding earned: $188.5
Price spread: +0.079% → +0.092%: −$1.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $167.16
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	1.92 bp	6.9 bp −$7	8.0 bp −$80	24.9 bp −$2,486	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
GMX BRENTOIL/USD [ETH-USDC]long	L −0.0848% / S +0.0467%	1h	96.195	long leg	$120K	—	111x
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.712%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.130%	$232K	$483K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0066%	4h	96.139	−0.058%	$34K	$365K	25x	as long as short
BloFin BZ-USDT	−0.0005%	4h	96.170	−0.026%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.016%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.210	+0.016%	$145.8M	$439.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	+0.016%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.210	+0.016%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.190	−0.005%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.160	−0.036%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.230	+0.036%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.142	−0.055%	$9.3M	$7.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.210	+0.016%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.210	+0.016%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.230	+0.036%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.350	+0.161%	$1.2M	$95K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.747	+0.574%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.166	−0.030%	$220K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.229	+0.036%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	96.185	−0.011%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.30	+4.267%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.250	+0.057%	$151.1M	$143.3M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.271	+0.079%	$1.5M	$502K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.120	−0.078%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0056%	1h	96.220	+0.026%	$3.4M	$4.2M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.240	+0.047%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.100	−0.099%	$25K	$272K	50x	as long as short
Extended XBR-USD	+0.0120%	1h	96.238	+0.044%	$762K	$5.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	96.230	+0.036%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0633%	1h	96.114	−0.084%	$6K	$44K	5x	as long as short