Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Extended+0.029%7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days+0.413%+$41 on $10k
+Price spread, last 7 days+0.264%+$26 · spread now +0.029%, 7d avg +0.127%
=Together, before fees+0.677%+ Points / potential airdropExtended: Active · farm board+$68 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.098% cheaper against Extended than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.127%). If the spread goes back, that is −$10 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.413% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XBR-USD | 97.794 | 0.0032 | pay 0.0004% / 1h | 51m 37s | $678K | $3.5M | 10x |
| Short | Polymarket Perps BRENTOIL-USD | 97.823 | 0.0050 | get 0.0006% / 1h | 51m 37s | $1.6M | $463K | 20x |
Extended XBR-USD
Polymarket Perps BRENTOIL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.78
- Price spread: +0.029% → +0.127%
- −$9.79
- Slippage, 4 orders
- −$9.03
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$28.04
- Costs to cover
- 0.220%
- Break-even
- 58.9 days
Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago | 0.61 bp | 3.7 bp −$4 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 2.20 bp | 7.7 bp −$8 | 8.0 bp −$80 | 19.9 bp −$1,992 | 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 | −1.000% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.270% | $235K | $416K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.786 | −0.009% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.780 | −0.015% | $147.8M | $353.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.780 | −0.015% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.790 | −0.005% | $16.1M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.770 | −0.025% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.750 | −0.045% | $9.3M | $10.8M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.790 | −0.005% | $27.9M | $17.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.658 | −0.140% | $9.4M | $6.8M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow 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 | −0.024% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.810 | +0.016% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.780 | −0.015% | $100K | $251K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.770 | −0.025% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.770 | −0.025% | $1.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.338 | +0.556% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0013% | 1h | 101.89 | +4.188% | — | $735K | 10x | as long as short |
| edgeX BZUSDC | +0.0014% | 4h | 97.767 | −0.028% | $225K | $228K | 20x | as long as short |
| BloFin BZ-USDT | +0.0015% | 4h | 97.800 | +0.006% | $1.5M | $98K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0016% | 1h | 97.810 | +0.016% | $34K | — | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.800 | +0.006% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USDlong | +0.0032% | 1h | 97.794 | long leg | $678K | $3.5M | 10x | |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.800 | +0.005% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.819 | +0.025% | $154.9M | $118.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USDshort | +0.0050% | 1h | 97.823 | +0.029% | $1.6M | $463K | 20x | |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.750 | −0.045% | $3.1M | $996K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0078% | 1h | 97.728 | −0.068% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.810 | +0.016% | $3.8M | $830K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.790 | −0.005% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.795 | +0.001% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.795 | +0.001% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
edgeX BZUSDC
BloFin BZ-USDT
Hotstuff BRENTOIL-PERP
Lighter BRENTOIL
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]