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Funding arb · Price arb /

BZ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: GRVT against Polymarket Perps−0.059%63s7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.283% of the position
Long on Polymarket PerpsShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.429%−$43 on $10k
Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.059%, 7d avg −0.093%
Together, before fees−0.595%+ Points / potential airdropGRVT: Active · farm board−$59 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.034% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.093%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.429% in total) that is about 13 hours. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BRENTOIL-USD97.3970.0050pay 0.0006% / 1h38m 00s$1.6M$405K20x
ShortGRVT BZ_USDT_Perp97.3400get 0.0000% / 4h38m 00s$18K$330K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
−$10.5
Price spread: −0.059% → −0.093%
$3.42
Slippage, 4 orders
−$11.26
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$35.34
Costs to cover
0.283%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; GRVT: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 5 min ago2.15 bp6.2 bp −$67.1 bp −$7121.3 bp −$2,133doesn't fit
Sell GRVT live order book, 65 min ago0.51 bp5.9 bp −$610.5 bp −$105doesn't fitdoesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h97.155−0.248%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0056%1h97.700+0.311%$237K$412K15xas long as short
BloFin BZ-USDT−0.0034%4h97.360−0.038%$1.5M$95K50xas long as short
Aster BZUSDT0.0000%4h97.369−0.028%$339K$860K50xas long as short
Binance BZUSDT0.0000%4h97.330−0.069%$149.4M$353.1M100xas long as short
Bybit BZUSDT0.0000%8h97.290−0.110%$10.2M$13.3M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.270−0.130%$16.1M$19.6M50xas long as short
RISEx BZ/USDC0.0000%1h97.355−0.043%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.300−0.100%$9.2M$10.9M100xas long as short
Bitget BZUSDT0.0000%4h97.330−0.069%$27.8M$18.3M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.336−0.063%$9.5M$6.6M—as long as short
GRVT BZ_USDT_Perpshort0.0000%4h97.340−0.059%$18K$330K25x
SunX BRENTOIL-USDT0.0000%4h97.410+0.013%$4K$2.4M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.360−0.038%$100K$254K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.330−0.069%$279K$254K75xas long as short
Phemex XBRUSDT0.0000%4h97.530+0.137%$1.2M$87K100xas long as short
edgeX BZUSDC+0.0007%4h97.345−0.054%$224K$228K20xas long as short
Vest BZ-PERP+0.0008%1h101.45+4.161%—$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.901+0.517%———as long as short
Ondo Perps BRENT-USD.P+0.0027%1h97.310−0.089%$3.1M$999K15xas long as short
Lighter BRENTOIL+0.0032%1h97.350−0.048%$3.3M$3.9M20xas long as short
Extended XBR-USD+0.0032%1h97.292−0.108%$738K$3.1M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.363−0.035%$2K$1K5xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.375−0.023%$155.2M$114.4M20xas long as short
Polymarket Perps BRENTOIL-USDlong+0.0050%1h97.397long leg$1.6M$405K20x
Aftermath Perps BRENTUSD+0.0091%1h97.405+0.008%$7K$40K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.370−0.028%$3.8M$802K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.320−0.079%$26K$273K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0113%1h97.375−0.023%$82K$200K20xas long as short
Hotstuff BRENTOIL-PERP+0.0120%1h97.420+0.024%$34K—20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0328% / S −0.2771%1h97.355−0.043%$116K—111xas long as short