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Funding arb · Price arb /

BZ

RWAall BZ markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against HTX+0.347%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Long on HTXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.439%+$44 on $10k
Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.347%, 7d avg +0.126%
Together, before fees+0.270%+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.222% dearer against HTX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.126%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BRENTOIL-USDT97.5800get 0.0000% / 4h56m 43s$280K$253K75x
ShortPolymarket Perps BRENTOIL-USD97.9190.0050get 0.0006% / 1h56m 43s$1.6M$462K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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

Funding earned
$10.5
Price spread: +0.347% → +0.126%
$22.19
Slippage, 4 orders
−$12.31
Fee HTX: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$0.38
Costs to cover
0.323%
Break-even
6.7 days
Slippage from HTX: live order book, 45 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 45 min ago2.56 bp8.6 bp −$915.6 bp −$156doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 2 min ago2.20 bp7.8 bp −$87.9 bp −$7920.8 bp −$2,079doesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h97.155−0.436%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0056%1h97.700+0.123%$237K$415K15xas long as short
BloFin BZ-USDT−0.0018%4h97.830+0.256%$1.5M$96K50xas long as short
Aster BZUSDT0.0000%4h97.846+0.272%$340K$880K50xas long as short
Binance BZUSDT0.0000%4h97.844+0.270%$148.8M$353.2M100xas long as short
Bybit BZUSDT0.0000%8h97.820+0.246%$10.3M$13.3M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.850+0.277%$16.1M$19.8M50xas long as short
RISEx BZ/USDC0.0000%1h97.813+0.239%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.770+0.195%$9.3M$10.7M100xas long as short
Bitget BZUSDT0.0000%4h97.860+0.287%$28.1M$18.2M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.538−0.043%$9.4M$6.8M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.523−0.059%$30K$315K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.830+0.256%$4K$2.4M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.800+0.225%$100K$253K15xas long as short
HTX BRENTOIL-USDTlong0.0000%4h97.580long leg$280K$253K75x
Phemex XBRUSDT0.0000%4h97.820+0.246%$1.2M$87K100xas long as short
Vest BZ-PERP+0.0008%1h102.01+4.540%—$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.388+0.828%———as long as short
edgeX BZUSDC+0.0011%4h97.780+0.205%$225K$229K20xas long as short
Lighter BRENTOIL+0.0032%1h97.830+0.256%$3.3M$3.9M20xas long as short
Extended XBR-USD+0.0032%1h97.804+0.229%$722K$3.3M10xas long as short
Hotstuff BRENTOIL-PERP+0.0048%1h97.840+0.266%$34K—20xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.829+0.255%$3K$3555xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.860+0.287%$155.8M$115.6M20xas long as short
Polymarket Perps BRENTOIL-USDshort+0.0050%1h97.919+0.347%$1.6M$462K20x
Ondo Perps BRENT-USD.P+0.0050%1h97.750+0.174%$3.1M$1.0M15xas long as short
KuCoin BZUSDTM+0.0100%4h97.810+0.236%$3.8M$808K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.560−0.020%$26K$273K50xas long as short
Aftermath Perps BRENTUSD+0.0103%1h97.666+0.088%$7K$41K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0112%1h97.861+0.288%$82K$204K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0329% / S −0.2771%1h97.845+0.272%$116K—111xas long as short