BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h +0.042%

Price spread now: RISEx against Polymarket Perps−0.069%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.130%+$13 on $10k

Price spread, last 7 days+0.197%+$20 · spread now −0.069%, 7d avg −0.047%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and RISEx is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.047%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.130%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	96.066	0.0050	pay 0.0006% / 1h	45m 12s	$1.5M	$529K	20x
Short	RISEx BZ/USDC	96.000	−0.0020	pay 0.0003% / 1h	45m 12s	$2.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$14.74
Price spread: −0.069% → −0.047%: −$2.2
Slippage, 4 orders: −$5.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$36.56
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; RISEx: live order book, 4 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	1.30 bp	5.3 bp −$5	6.6 bp −$66	2302.5 bp −$230.3K	doesn't fit
Sell RISEx live order book, 4 min ago	0.52 bp	3.5 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.035	−0.032%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.726%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0166%	1h	96.107	+0.043%	$147.8M	$143.8M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	−0.006%	$232K	$577K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	96.030	−0.037%	$33K	—	20x	as long as short
RISEx BZ/USDCshort	−0.0020%	1h	96.000	−0.069%	$2.2M	$1.3M	20x
Binance BZUSDT	−0.0002%	4h	96.060	−0.006%	$145.8M	$469.6M	100x	as long as short
Aster BZUSDT	0.0000%	4h	96.119	+0.055%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.040	−0.027%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.050	−0.017%	$15.8M	$26.9M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.020	−0.048%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.020	−0.048%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.107%	$9.3M	$7.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.970	−0.100%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.040	−0.027%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.080	+0.015%	$103K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.131%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.050	−0.017%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.954	−0.116%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0009%	8h	95.982	−0.087%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0010%	4h	96.040	−0.027%	$1.5M	$95K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0030%	1h	96.054	−0.012%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.040	−0.027%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.04	+4.137%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.066	long leg	$1.5M	$529K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.960	−0.110%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.000	−0.069%	$3.7M	$990K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.960	−0.110%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.075	+0.009%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0152%	1h	96.006	−0.063%	$671K	$5.2M	10x	as long as short