Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.005%
Price spread now: Polymarket Perps against HTX+0.144%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.441%+$44 on $10k
Price spread, last 3 days (all we have)+0.090%+$9 · spread now +0.144%, 7d avg +0.126%
Together, before fees+0.532%+$53 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.126%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BRENTOIL-USDT95.8600get 0.0000% / 4h1h 28m$305K$259K75x
ShortPolymarket Perps BRENTOIL-USD95.9980.0050get 0.0006% / 1h28m 47s$1.5M$529K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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

Funding earned
$10.5
Price spread: +0.144% → +0.126%
$1.82
Slippage, 4 orders
−$10.92
Fee HTX: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$18.6
Costs to cover
0.309%
Break-even
19.4 days
Slippage from HTX: live order book, 53 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 53 min ago2.61 bp9.6 bp −$1016.8 bp −$168doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 5 min ago2.19 bp6.5 bp −$66.8 bp −$6817.9 bp −$1,794doesn't fit

BZ on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BRENTOIL/USD [ETH-USDC]L −0.0848% / S +0.0467%1h95.945+0.089%$120K29xas long as short
Ondo Perps BRENT-USD.P−0.0228%1h95.930+0.073%$3.0M$1.1M15xas long as short
Injective BRENT/USDC PERP−0.0220%1h95.086−0.807%$8K$7K30xas long as short
RISEx BZ/USDC−0.0075%1h95.938+0.082%$2.2M$1.3M20xas long as short
BloFin BZ-USDT−0.0022%4h95.930+0.073%$1.5M$95K50xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0016%1h96.050+0.198%$232K$647K15xas long as short
Aster BZUSDT0.0000%4h95.912+0.054%$333K$1.5M50xas long as short
Binance BZUSDT0.0000%4h95.920+0.063%$145.5M$479.6M100xas long as short
Bybit BZUSDT0.0000%8h95.920+0.063%$10.2M$16.6M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h95.920+0.063%$15.8M$27.5M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BZ_USDT0.0000%8h95.880+0.021%$9.2M$18.0M100xas long as short
Bitget BZUSDT0.0000%4h95.920+0.063%$27.4M$21.9M100xas long as short
Variational Omni BZ0.0000%4h95.913+0.055%$9.2M$8.3Mas long as short
GRVT BZ_USDT_Perp0.0000%4h95.925+0.068%$34K$388K25xas long as short
SunX BRENTOIL-USDT0.0000%4h95.960+0.104%$4K$2.7M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h95.950+0.094%$102K$279K15xas long as short
HTX BRENTOIL-USDTlong0.0000%4h95.860long leg$305K$259K75x
Phemex XBRUSDT0.0000%4h95.910+0.052%$1.2M$100K100xas long as short
edgeX BZUSDC+0.0001%4h95.924+0.067%$220K$234K20xas long as short
Aftermath Perps BRENTUSD+0.0003%1h95.923+0.066%$5K$45K5xas long as short
Paradex BZ-USD-PERP+0.0006%8h95.951+0.094%$3K$5215xas long as short
Lighter BRENTOIL+0.0032%1h95.940+0.083%$3.3M$4.2M20xas long as short
Extended XBR-USD+0.0032%1h95.905+0.047%$670K$5.3M10xas long as short
Vest BZ-PERP+0.0046%1h100.34+4.673%$735K10xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h95.954+0.098%$147.5M$146.9M20xas long as short
Polymarket Perps BRENTOIL-USDshort+0.0050%1h95.998+0.144%$1.5M$529K20x
KuCoin BZUSDTM+0.0100%4h95.940+0.083%$3.7M$1.0M50xas long as short
ApeX Omni BZUSDT+0.0100%1h95.920+0.063%$25K$271K50xas long as short
Hotstuff BRENTOIL-PERP+0.0128%1h95.980+0.125%$33K20xas long as short
Kraken Futures PF_BRENTOILUSD+0.0555%1h95.970+0.115%$81K$240K20xas long as short