BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: Extended against Polymarket Perps+0.026%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.413%−$41 on $10k

Price spread, last 7 days−0.108%−$11 · spread now +0.026%, 7d avg −0.120%

Together, before fees−0.521%+ Points / potential airdropExtended: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.146% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.120%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. At the pace of the last 7 days (−0.413% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	95.479	0.0050	pay 0.0006% / 1h	19m 20s	$1.6M	$394K	20x
Short	Extended XBR-USD	95.504	0.0032	get 0.0004% / 1h	19m 20s	$719K	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$3.78
Price spread: +0.026% → −0.120%: $14.61
Slippage, 4 orders: −$13.9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.06
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	1.78 bp	9.9 bp −$10	17.4 bp −$174	6628.5 bp −$662.8K	doesn't fit
Sell Extended live order book, 2 min ago	1.83 bp	4.8 bp −$5	25.3 bp −$253	doesn't fit	doesn't fit

BZ on 31 exchanges

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
Kraken Futures PF_BRENTOILUSD	−0.0338%	1h	95.472	−0.007%	$95K	$244K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.483	+0.004%	$2.4M	$1.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0273%	1h	95.470	−0.009%	$61K	$309K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.480	+0.001%	$271K	$645K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0060%	4h	95.610	+0.137%	$14K	$320K	25x	as long as short
BloFin BZ-USDT	−0.0032%	4h	95.480	+0.001%	$1.6M	$108K	50x	as long as short
Bybit BZUSDT	−0.0002%	8h	95.490	+0.012%	$10.0M	$15.3M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.550	+0.075%	$329K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.506	+0.028%	$147.2M	$417.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.490	+0.012%	$16.2M	$24.7M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.450	−0.030%	$9.1M	$12.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.490	+0.012%	$28.0M	$25.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.465	−0.014%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.520	+0.043%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.480	+0.001%	$273K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.520	+0.043%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	95.472	−0.007%	$219K	$231K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.010	+0.557%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	99.220	+3.918%	—	$735K	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0019%	1h	95.440	−0.041%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.490	+0.012%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	95.504	+0.026%	$719K	$3.2M	10x
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.673%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0041%	8h	95.473	−0.006%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0042%	1h	95.548	+0.072%	$7K	$38K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.512	+0.035%	$149.0M	$136.6M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	95.479	long leg	$1.6M	$394K	20x
KuCoin BZUSDTM	+0.0100%	4h	95.560	+0.085%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.520	+0.043%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	95.510	+0.032%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0707%	1h	95.485	+0.006%	$33K	—	111x	as long as short