Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Polymarket Perps against KuCoin0.000%7-day average +0.098% · 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−$46as in the Price arb table

costs, in and out, $10k−$370.365% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.232%+$23 on $10k

Price spread, last 7 days+0.099%+$10 · spread now 0.000%, 7d avg +0.098%

Together, before fees+0.331%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.098% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.098%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.232%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	96.980	0.0100	pay 0.0050% / 4h	1h 29m	$3.8M	$872K	50x
Short	Polymarket Perps BRENTOIL-USD	96.980	0.0050	get 0.0006% / 1h	29m 13s	$1.5M	$444K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.5
Price spread: 0.000% → +0.098%: −$9.85
Slippage, 4 orders: −$16.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$56.88
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Polymarket Perps: live order book, 4 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 KuCoin live order book, 8 min ago	0.52 bp	7.5 bp −$8	37.4 bp −$374	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.50 bp	7.4 bp −$7	7.6 bp −$76	16.6 bp −$1,659	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	96.164	−0.841%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.082%	$233K	$431K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.900	−0.082%	$1.5M	$86K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.924	−0.058%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.930	−0.052%	$146.7M	$374.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.910	−0.072%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	−0.062%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.912	−0.071%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.880	−0.103%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.930	−0.052%	$27.4M	$16.4M	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	96.885	−0.098%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.880	−0.103%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.920	−0.062%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	−0.052%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.113%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.052%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.864	−0.120%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.473	+0.509%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.940	−0.041%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.944	−0.037%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	101.00	+4.145%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.910	−0.072%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.952	−0.029%	$151.9M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.980	0.000%	$1.5M	$444K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	−0.113%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.930	−0.052%	$33K	—	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	96.980	long leg	$3.8M	$872K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.900	−0.082%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0166%	1h	96.911	−0.071%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0044%	1h	96.935	−0.046%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.958	−0.023%	$84K	$218K	20x	as long as short