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: Extended against Polymarket Perps−0.033%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as 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−0.260%−$26 · spread now −0.033%, 7d avg −0.127%
=Together, before fees−0.673%+ Points / potential airdropExtended: Active · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.094% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.127%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.413% in total) that is about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BRENTOIL-USD | 97.834 | 0.0050 | pay 0.0006% / 1h | 51m 57s | $1.6M | $463K | 20x |
| Short | Extended XBR-USD | 97.801 | 0.0032 | get 0.0004% / 1h | 51m 57s | $678K | $3.5M | 10x |
Polymarket Perps BRENTOIL-USD
Extended XBR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 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: −0.033% → −0.127%
- $9.37
- Slippage, 4 orders
- −$9.03
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$16.44
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Extended: 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 Polymarket Perps live order book, 2 min ago | 2.20 bp | 7.4 bp −$7 | 7.6 bp −$76 | 16.4 bp −$1,641 | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.61 bp | 3.2 bp −$3 | 14.1 bp −$141 | doesn't fit | 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 | −1.040% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.311% | $235K | $416K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0008% | 1h | 97.810 | −0.025% | $34K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.807 | −0.028% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.802 | −0.033% | $147.8M | $354.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.790 | −0.045% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.790 | −0.045% | $16.2M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.759 | −0.077% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.750 | −0.086% | $9.3M | $10.8M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.810 | −0.025% | $27.9M | $17.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.658 | −0.180% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.670 | −0.167% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.810 | −0.025% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.780 | −0.055% | $100K | $251K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.770 | −0.065% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.770 | −0.065% | $1.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.338 | +0.515% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0013% | 1h | 101.88 | +4.136% | — | $735K | 10x | as long as short |
| BloFin BZ-USDT | +0.0015% | 4h | 97.800 | −0.035% | $1.5M | $98K | 50x | as long as short |
| edgeX BZUSDC | +0.0020% | 4h | 97.655 | −0.183% | $225K | $227K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.790 | −0.045% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USDshort | +0.0032% | 1h | 97.801 | −0.033% | $678K | $3.5M | 10x | |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.786 | −0.050% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.807 | −0.028% | $154.9M | $118.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USDlong | +0.0050% | 1h | 97.834 | long leg | $1.6M | $463K | 20x | |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.730 | −0.106% | $3.1M | $996K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0078% | 1h | 97.728 | −0.108% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.810 | −0.025% | $3.8M | $830K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.740 | −0.096% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.795 | −0.039% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.795 | −0.040% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
BloFin BZ-USDT
edgeX BZUSDC
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]