BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0639%/8h= +69.9% APRnext payment +$0.80 per $10,000 · paid last 24h −0.047%

Price spread now: Deribit against Polymarket Perps−0.019%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.454%−$45 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now −0.019%, 7d avg −0.082%

Together, before fees−0.656%−$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.063% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.082%. Mind the row above: over the last 4 days funding on this pair cost −0.454%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	95.998	0.0050	pay 0.0006% / 1h	12m 33s	$1.5M	$540K	20x
Short	Deribit BRENTOIL_USDC-PERPETUAL	95.980	0.0689	get 0.0086% / 1h	12m 33s	$102K	$281K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.019%Rate

Funding earned: $134.1
Price spread: −0.019% → −0.082%: $6.28
Slippage, 4 orders: −$14.06
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $111.32
Costs to cover: 0.291%
Break-even: 1.2 days

Slippage from Polymarket Perps: live order book, 1 min ago; Deribit: live order book, 11 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, 1 min ago	2.55 bp	6.6 bp −$7	8.0 bp −$80	3177.0 bp −$317.7K	doesn't fit
Sell Deribit live order book, 11 min ago	0.52 bp	10.2 bp −$10	11.1 bp −$111	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0726% / S +0.0468%	1h	95.925	−0.076%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	−0.078%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.054%	$232K	$859K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.952	−0.048%	$333K	$1.6M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.920	−0.081%	$145.7M	$492.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.920	−0.081%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.910	−0.092%	$15.8M	$30.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.912	−0.090%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.890	−0.113%	$9.1M	$19.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.900	−0.102%	$27.5M	$24.0M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	95.921	−0.081%	$9.5M	$10.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.860	−0.144%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.950	−0.050%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.040%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.930	−0.071%	$1.2M	$101K	100x	as long as short
Paradex BZ-USD-PERP	+0.0005%	8h	95.935	−0.065%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0015%	4h	95.920	−0.081%	$1.5M	$97K	50x	as long as short
edgeX BZUSDC	+0.0019%	4h	95.975	−0.024%	$220K	$235K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.853	−0.152%	$669K	$5.2M	10x	as long as short
Lighter BRENTOIL	+0.0040%	1h	95.900	−0.102%	$3.3M	$4.4M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.221%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.960	−0.040%	$147.9M	$148.5M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	95.998	long leg	$1.5M	$540K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.900	−0.102%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.860	−0.144%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.020	+0.023%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.961	−0.038%	$81K	$259K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0194%	1h	95.965	−0.034%	$6K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0344%	1h	95.960	−0.040%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	+0.0689%	1h	95.980	−0.019%	$102K	$281K	15x