Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.003%

Price spread now: Polymarket Perps against OKX+0.094%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.483%+$48 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.094%, 7d avg +0.109%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.109%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	96.170	0	get 0.0000% / 4h	3h 54m	$15.8M	$25.5M	50x
Short	Polymarket Perps BRENTOIL-USD	96.260	0.0050	get 0.0006% / 1h	54m 26s	$1.5M	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.094%Rate

Funding earned: $10.5
Price spread: +0.094% → +0.109%: −$1.55
Slippage, 4 orders: −$10.01
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.06
Costs to cover: 0.280%
Break-even: 19.7 days

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	0.52 bp	7.5 bp −$7	11.6 bp −$116	29.3 bp −$2,925	doesn't fit
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

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]	L −0.0848% / S +0.0467%	1h	96.195	+0.026%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.686%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.104%	$232K	$483K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0066%	4h	96.139	−0.032%	$34K	$365K	25x	as long as short
BloFin BZ-USDT	−0.0005%	4h	96.170	0.000%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.042%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.196	+0.027%	$145.8M	$439.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	+0.042%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.170	long leg	$15.8M	$25.5M	50x
RISEx BZ/USDC	0.0000%	1h	96.213	+0.045%	$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	96.150	−0.021%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.190	+0.021%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.142	−0.029%	$9.3M	$7.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.210	+0.042%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.210	+0.042%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.230	+0.062%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.350	+0.187%	$1.2M	$95K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.736	+0.589%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.166	−0.004%	$220K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.229	+0.062%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	96.204	+0.036%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.29	+4.284%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.220	+0.052%	$151.0M	$143.3M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.260	+0.094%	$1.5M	$502K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.150	−0.021%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0056%	1h	96.230	+0.062%	$3.4M	$4.2M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.240	+0.073%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.100	−0.073%	$25K	$272K	50x	as long as short
Extended XBR-USD	+0.0120%	1h	96.212	+0.043%	$762K	$5.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	96.250	+0.083%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0619%	1h	96.136	−0.036%	$6K	$44K	5x	as long as short