Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against tradeXYZ+0.023%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on tradeXYZ Short on Polymarket Perps

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+0.049%+$5 · spread now +0.023%, 7d avg +0.089%

Together, before fees+0.350%+ Points / potential airdroptradeXYZ: Active · farm board+$35 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: Polymarket Perps is 0.067% cheaper against tradeXYZ than usual: you would sell low and buy high, −$7 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	tradeXYZ xyz:BRENTOIL	97.062	0.0050	pay 0.0006% / 1h	51m 47s	$152.1M	$125.6M	20x
Short	Polymarket Perps BRENTOIL-USD	97.084	0.0050	get 0.0006% / 1h	51m 47s	$1.5M	$446K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against tradeXYZ. 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 tradeXYZbpFee Polymarket PerpsbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.089%: −$6.66
Slippage, 4 orders: −$5.7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$38.36
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Polymarket Perps: live order book, 2 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 tradeXYZ live order book, 8 min ago	0.05 bp	9.1 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.65 bp	7.2 bp −$7	7.2 bp −$72	19.1 bp −$1,914	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.207	−0.881%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.260%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.021	−0.042%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.052	−0.011%	$146.7M	$375.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.020	−0.043%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	−0.012%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.963	−0.102%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.920	−0.146%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.970	−0.095%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.050	−0.012%	$27.4M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.939	−0.127%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.949	−0.117%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.980	−0.084%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	−0.043%	$104K	$238K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	−0.074%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.010	−0.054%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.547	+0.500%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	96.922	−0.144%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.050	−0.012%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.028	−0.035%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.05	+4.109%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.046	−0.016%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.062	long leg	$152.1M	$125.6M	20x
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.084	+0.023%	$1.5M	$446K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.084%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.100	+0.039%	$3.8M	$876K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.950	−0.115%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0063%	1h	97.015	−0.048%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0203%	1h	96.932	−0.134%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.019	−0.045%	$84K	$218K	20x	as long as short