BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.038%

Price spread now: Coinbase International against Polymarket Perps−0.034%7-day average −0.196% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.644%−$64 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.034%, 7d avg −0.196%

Together, before fees−0.764%−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.162% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.196%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	96.843	0.0050	pay 0.0006% / 1h	20m 02s	$1.5M	$470K	20x
Short	Coinbase International BRENTOIL-PERP-INTX	96.810	−0.0136	pay 0.0017% / 1h	20m 02s	$234K	$425K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$39.06
Price spread: −0.034% → −0.196%: $16.19
Slippage, 4 orders: −$8.63
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$49.5
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Coinbase International: live order book, 48 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 Polymarket Perps live order book, 3 min ago	2.12 bp	6.1 bp −$6	7.5 bp −$75	21.8 bp −$2,179	doesn't fit
Sell Coinbase International live order book, 48 min ago	1.55 bp	6.6 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit

BZ on 30 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	96.070	−0.798%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0136%	1h	96.810	−0.034%	$234K	$425K	15x
Aster BZUSDT	0.0000%	4h	96.778	−0.067%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.798	−0.047%	$146.4M	$379.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.780	−0.065%	$10.3M	$13.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.820	−0.024%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.760	−0.085%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.730	−0.117%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.830	−0.013%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.747	−0.099%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.764	−0.082%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.790	−0.055%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.790	−0.055%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.096%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.770	−0.075%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.749	−0.097%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.307	+0.479%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.790	−0.055%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.770	−0.075%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.819	−0.025%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.83	+4.117%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.770	−0.076%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.791	−0.054%	$151.6M	$127.8M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.843	long leg	$1.5M	$470K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.740	−0.106%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.860	+0.018%	$3.8M	$886K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.770	−0.075%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0087%	1h	96.785	−0.060%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0247%	1h	96.792	−0.053%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.812	−0.032%	$83K	$218K	20x	as long as short