Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: KuCoin against Polymarket Perps−0.025%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 7 days−0.044%−$4 · spread now −0.025%, 7d avg −0.099%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.074% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.099%. Mind the row above: over the last 7 days funding on this pair cost −0.232%, 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	96.754	0.0050	pay 0.0006% / 1h	4m 24s	$1.5M	$506K	20x
Short	KuCoin BZUSDTM	96.730	0.0100	get 0.0050% / 4h	3h 04m	$3.8M	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.025%Rate

Funding earned: $10.5
Price spread: −0.025% → −0.099%: $7.41
Slippage, 4 orders: −$19.07
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.17
Costs to cover: 0.391%
Break-even: 21.1 days

Slippage from Polymarket Perps: live order book, 4 min ago; KuCoin: live order book, 3 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	2.22 bp	6.2 bp −$6	7.9 bp −$79	21.2 bp −$2,124	doesn't fit
Sell KuCoin live order book, 3 min ago	0.52 bp	15.8 bp −$16	40.2 bp −$402	doesn't fit	doesn't fit

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	95.731	−1.057%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.107%	$234K	$440K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0088%	1h	96.730	−0.025%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.720	−0.035%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.720	−0.035%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.712	−0.043%	$145.8M	$403.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.690	−0.066%	$10.4M	$15.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.700	−0.056%	$15.9M	$24.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.699	−0.057%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.660	−0.097%	$9.2M	$14.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.710	−0.045%	$27.6M	$17.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.687	−0.069%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.668	−0.089%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.710	−0.045%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	−0.045%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.570	−0.190%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	−0.056%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.240	+0.502%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	96.613	−0.146%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.729	−0.026%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.720	−0.035%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.710	−0.046%	$722K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0043%	1h	96.660	−0.097%	$3.1M	$1.1M	15x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.75	+4.130%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.694	−0.062%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.724	−0.031%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.754	long leg	$1.5M	$506K	20x
KuCoin BZUSDTMshort	+0.0100%	4h	96.730	−0.025%	$3.8M	$930K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.630	−0.128%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S +0.0124%	1h	96.705	−0.051%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0336%	1h	96.695	−0.061%	$7K	$44K	5x	as long as short