Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps+0.031%7-day average −0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.439%−$44 on $10k

Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.031%, 7d avg −0.124%

Together, before fees−0.705%−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.155% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.124%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.439% 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	93.941	0.0050	pay 0.0006% / 1h	49m 00s	$1.5M	$487K	20x
Short	HTX BRENTOIL-USDT	93.970	0	get 0.0000% / 4h	1h 49m	$267K	$265K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$10.5
Price spread: +0.031% → −0.124%: $15.5
Slippage, 4 orders: −$15.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.21
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; HTX: live order book, 60 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	4.47 bp	8.5 bp −$8	8.8 bp −$88	63.7 bp −$6,370	doesn't fit
Sell HTX live order book, 60 min ago	3.13 bp	9.1 bp −$9	10.2 bp −$102	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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	+0.372%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0601%	1h	93.910	−0.033%	$45K	$374K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.940	−0.001%	$95K	$265K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.909	−0.034%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.953%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0089%	8h	94.010	+0.073%	$10.7M	$16.8M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.108%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	94.133	+0.205%	$13K	$299K	25x	as long as short
BloFin BZ-USDT	−0.0049%	4h	93.970	+0.031%	$1.5M	$110K	50x	as long as short
Binance BZUSDT	−0.0032%	4h	94.010	+0.073%	$145.2M	$467.4M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0023%	4h	93.931	−0.011%	$216K	$231K	20x	as long as short
Aster BZUSDT	0.0000%	4h	93.992	+0.054%	$322K	$822K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.020	+0.084%	$15.7M	$28.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.960	+0.020%	$8.8M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.030	+0.095%	$27.7M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.891	−0.053%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.970	+0.031%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	93.970	+0.031%	$267K	$265K	75x
Phemex XBRUSDT	0.0000%	4h	94.370	+0.457%	$1.2M	$80K	100x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0009%	1h	94.020	+0.084%	$129.1M	$183.1M	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.672	+0.778%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.610	+3.906%	—	$736K	10x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	93.944	+0.003%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0027%	1h	94.079	+0.147%	$7K	$38K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.960	+0.020%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	93.987	+0.049%	$749K	$3.8M	10x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	93.941	long leg	$1.5M	$487K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.860	−0.086%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.940	−0.001%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.860	−0.086%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.005	+0.068%	$32K	—	111x	as long as short