Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bitget against Polymarket Perps−0.002%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.438%−$44 on $10k

Price spread, last 7 days−0.268%−$27 · spread now −0.002%, 7d avg −0.097%

Together, before fees−0.706%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.095% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.097%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.438% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	97.722	0.0050	pay 0.0006% / 1h	19m 11s	$1.6M	$463K	20x
Short	Bitget BZUSDT	97.720	0	get 0.0000% / 4h	1h 19m	$27.9M	$17.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$10.5
Price spread: −0.002% → −0.097%: $9.52
Slippage, 4 orders: −$8.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.78
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Bitget: live order book, 5 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 Polymarket Perps live order book, 4 min ago	2.15 bp	6.1 bp −$6	7.0 bp −$70	14.8 bp −$1,484	doesn't fit
Sell Bitget live order book, 5 min ago	1.02 bp	7.6 bp −$8	10.0 bp −$100	26.8 bp −$2,685	66.8 bp −$33.4K

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	97.018	−0.720%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	−0.023%	$237K	$417K	15x	as long as short
BloFin BZ-USDT	−0.0048%	4h	97.710	−0.012%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.717	−0.005%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.720	−0.002%	$147.8M	$350.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.680	−0.043%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.720	−0.002%	$16.1M	$19.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.649	−0.075%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.690	−0.033%	$9.3M	$11.1M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.720	−0.002%	$27.9M	$17.4M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.718	−0.004%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.779	+0.058%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.690	−0.033%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.680	−0.043%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.690	−0.033%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.800	+0.080%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.768	+0.047%	$225K	$227K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.81	+4.183%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.276	+0.567%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.720	−0.002%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.712	−0.010%	$682K	$3.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.699	−0.023%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.730	+0.008%	$155.1M	$115.8M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.722	long leg	$1.6M	$463K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.640	−0.084%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.741	+0.019%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.700	−0.023%	$3.8M	$817K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.740	+0.018%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.695	−0.028%	$82K	$206K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0200%	1h	97.710	−0.012%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.675	−0.048%	$116K	—	111x	as long as short