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 −0.015%

Price spread now: Gate against Polymarket Perps−0.093%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.523%−$52 on $10k

Price spread, last 7 days−0.063%−$6 · spread now −0.093%, 7d avg −0.166%

Together, before fees−0.586%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.073% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.093% now, against its 7-day average of −0.166%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.523% in total) that is about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	96.900	0.0050	pay 0.0006% / 1h	33m 59s	$1.5M	$444K	20x
Short	Gate BZ_USDT	96.810	0	get 0.0000% / 8h	5h 33m	$9.2M	$12.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: −$10.5
Price spread: −0.093% → −0.166%: $7.27
Slippage, 4 orders: −$12.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.15
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	1.81 bp	5.8 bp −$6	7.3 bp −$73	15.7 bp −$1,571	doesn't fit
Sell Gate live order book, 5 min ago	1.03 bp	10.3 bp −$10	18.8 bp −$188	28.9 bp −$2,892	41.1 bp −$20.5K

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	−0.760%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.850	−0.052%	$233K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.850	−0.052%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.850	−0.051%	$146.6M	$374.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.820	−0.083%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.840	−0.062%	$15.9M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.836	−0.066%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.810	−0.093%	$9.2M	$12.3M	100x
Bitget BZUSDT	0.0000%	4h	96.850	−0.052%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.786	−0.118%	$9.3M	$7.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.821	−0.082%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.870	−0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.860	−0.041%	$103K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.760	−0.144%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.850	−0.052%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	96.804	−0.099%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.396	+0.512%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.850	−0.052%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.866	−0.035%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	100.90	+4.128%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0046%	4h	96.770	−0.134%	$1.5M	$86K	50x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.846	−0.056%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.860	−0.041%	$151.8M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.900	long leg	$1.5M	$444K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.800	−0.103%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.860	−0.041%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.910	+0.010%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.810	−0.093%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0178%	1h	96.862	−0.039%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0048%	1h	96.845	−0.057%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0299%	1h	96.836	−0.066%	$83K	$218K	20x	as long as short