Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.013%

Price spread now: Polymarket Perps against edgeX+0.146%64s7-day average +0.118% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.444% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$37 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.146%, 7d avg +0.118%

Together, before fees+0.498%+ Points / potential airdropedgeX: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.029% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.118%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	97.124	0.0006	pay 0.0003% / 4h	9m 57s	$223K	$230K	20x
Short	Polymarket Perps BRENTOIL-USD	97.266	0.0050	get 0.0006% / 1h	9m 57s	$1.6M	$405K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.146%Rate

Funding earned: $9.21
Price spread: +0.146% → +0.118%: $2.86
Slippage, 4 orders: −$27.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$32.34
Costs to cover: 0.444%
Break-even: 31.6 days

Slippage from edgeX: live order book, 27 min ago; Polymarket Perps: 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 edgeX live order book, 27 min ago	10.27 bp	14.8 bp −$15	15.6 bp −$156	59.8 bp −$5,978	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.68 bp	8.2 bp −$8	8.6 bp −$86	19.0 bp −$1,901	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	96.342	−0.805%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.210	+0.088%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	−0.014%	$236K	$401K	15x	as long as short
BloFin BZ-USDT	−0.0047%	4h	97.180	+0.058%	$1.5M	$98K	50x	as long as short
Ondo Perps BRENT-USD.P	−0.0009%	1h	97.130	+0.006%	$3.1M	$999K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.299	+0.180%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.246	+0.125%	$148.3M	$350.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.230	+0.109%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.240	+0.119%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.187	+0.065%	$2.4M	$1.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.210	+0.088%	$9.2M	$11.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.270	+0.150%	$27.9M	$18.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.183	+0.061%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.070	−0.056%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	+0.088%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.070	−0.056%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.400	+0.284%	$1.2M	$86K	100x	as long as short
edgeX BZUSDClong	+0.0006%	4h	97.124	long leg	$223K	$230K	20x
Vest BZ-PERP	+0.0010%	1h	101.26	+4.258%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.778	+0.673%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	+0.099%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.274	+0.154%	$733K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.219	+0.097%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.282	+0.163%	$155.5M	$115.5M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.266	+0.146%	$1.6M	$405K	20x
Aftermath Perps BRENTUSD	+0.0082%	1h	97.162	+0.039%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.200	+0.078%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.070	−0.056%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.208	+0.086%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0200%	1h	97.260	+0.140%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.205	+0.083%	$115K	—	111x	as long as short