Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: tradeXYZ against Polymarket Perps+0.005%7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Polymarket Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 7 days−0.291%−$29 · spread now +0.005%, 7d avg −0.089%

Together, before fees−0.592%+ Points / potential airdroptradeXYZ: Active · farm board−$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.094% dearer against Polymarket Perps than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	97.823	0.0050	pay 0.0006% / 1h	51m 07s	$1.6M	$463K	20x
Short	tradeXYZ xyz:BRENTOIL	97.828	0.0050	get 0.0006% / 1h	51m 07s	$154.9M	$118.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.089%: $9.44
Slippage, 4 orders: −$8.71
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$25.27
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; tradeXYZ: live order book, 8 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, 2 min ago	2.20 bp	7.4 bp −$7	7.6 bp −$76	16.4 bp −$1,641	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.41 bp	10.0 bp −$10	11.3 bp −$113	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	96.817	−1.028%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.300%	$235K	$416K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.824	+0.001%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.814	−0.009%	$147.8M	$353.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.800	−0.024%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.790	−0.034%	$16.2M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.770	−0.055%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.760	−0.064%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.810	−0.013%	$27.9M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.658	−0.169%	$9.4M	$6.8M	—	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	97.771	−0.053%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.820	−0.003%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.800	−0.024%	$100K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.770	−0.054%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.790	−0.034%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.346	+0.535%	—	—	—	as long as short
Vest BZ-PERP	+0.0013%	1h	101.89	+4.158%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0014%	4h	97.767	−0.057%	$225K	$228K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.810	−0.013%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.800	−0.024%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.799	−0.024%	$678K	$3.5M	10x	as long as short
BloFin BZ-USDT	+0.0037%	4h	97.760	−0.064%	$1.5M	$98K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.800	−0.024%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.828	+0.005%	$154.9M	$118.7M	20x
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.823	long leg	$1.6M	$463K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.075%	$3.1M	$996K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0077%	1h	97.739	−0.086%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.810	−0.013%	$3.8M	$830K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.790	−0.034%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.791	−0.033%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.785	−0.039%	$116K	—	111x	as long as short