BZ

Alert

Funding spread now, next payment 14:00 UTC+0.0270%/8h

next payment, per $10,000+$0.34paid, last 24h+0.081%paid, last 4 days+0.251%to open and closeno order book

Long on Injective Short on Polymarket Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRENT/USDC PERP	95.910	−0.0220	get 0.0028% / 1h	30m 28s	$15K	$97	30x
Short	Polymarket Perps BRENTOIL-USD	96.665	0.0050	get 0.0006% / 1h	30m 28s	$1.6M	$500K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Polymarket PerpsbpOrdersRate

Funding earned: $56.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $48.68
Break-even: 1.0 days

Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.787%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Injective no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 5 min ago	2.17 bp	6.5 bp −$6	8.1 bp −$81	23.9 bp −$2,388	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERPlong	−0.0220%	1h	$15K	$97	30x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0164%	1h	$136K	$162K	15x	as long as short
Vest BZ-PERP	−0.0141%	1h	—	—	10x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0138%	1h	$174K	$347K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	$259K	$659K	15x	as long as short
Aster BZUSDT	−0.0058%	4h	$339K	$1.5M	50x	as long as short
Binance BZUSDT	−0.0056%	4h	$149.1M	$366.1M	100x	as long as short
edgeX BZUSDC	−0.0045%	4h	$221K	$237K	20x	as long as short
Aftermath Perps BRENTUSD	−0.0024%	1h	$7K	$50K	5x	as long as short
Variational Omni BZ	−0.0014%	4h	$10.1M	$11.5M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	$10.8M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	$16.8M	$28.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	$2.3M	$350K	20x	as long as short
Gate BZ_USDT	0.0000%	8h	$9.3M	$16.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$28.8M	$18.2M	100x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.2M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$289K	$133K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	$1.2M	$82K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.3M	$3.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$704K	$4.7M	10x	as long as short
BloFin BZ-USDT	+0.0034%	4h	$1.6M	$56K	50x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	$3K	$282	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$143.8M	$106.1M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	$1.6M	$500K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	$3.1M	$972K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0079% / S +0.0072%	1h	$53K	—	111x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$858K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0120%	1h	$33K	—	20x	as long as short