Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Polymarket Perps−0.095%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.703%−$70 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.095%, 7d avg −0.165%

Together, before fees−0.723%−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.071% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.095% now, against its 7-day average of −0.165%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.703% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	96.131	0.0050	pay 0.0006% / 1h	41m 26s	$1.5M	$529K	20x
Short	Gate BZ_USDT	96.040	0	get 0.0000% / 8h	41m 26s	$9.2M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.095%Rate

Funding earned: −$10.5
Price spread: −0.095% → −0.165%: $7.08
Slippage, 4 orders: −$18.38
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.8
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Gate: 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	2.34 bp	6.3 bp −$6	7.6 bp −$76	18.0 bp −$1,797	doesn't fit
Sell Gate live order book, 2 min ago	0.52 bp	14.1 bp −$14	23.2 bp −$232	31.5 bp −$3,149	43.4 bp −$21.7K

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.075	−0.058%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.793%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0148%	1h	96.119	−0.012%	$147.8M	$143.8M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	−0.074%	$232K	$577K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.110	−0.022%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.058	−0.076%	$2.2M	$1.3M	20x	as long as short
Binance BZUSDT	−0.0016%	4h	96.080	−0.053%	$145.8M	$467.7M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0012%	4h	96.060	−0.074%	$34K	$375K	25x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	−0.011%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.080	−0.053%	$10.4M	$16.0M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.100	−0.032%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.040	−0.095%	$9.2M	$16.3M	100x
Bitget BZUSDT	0.0000%	4h	96.080	−0.053%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.175%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.090	−0.043%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.100	−0.032%	$103K	$278K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.105%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.080	−0.053%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.149%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0011%	8h	96.080	−0.053%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.080	−0.053%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0033%	1h	96.110	−0.022%	$6K	$45K	5x	as long as short
BloFin BZ-USDT	+0.0037%	4h	96.040	−0.095%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.740	+3.754%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.131	long leg	$1.5M	$529K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.070	−0.063%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.070	−0.063%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.130	−0.001%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.111	−0.021%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0128%	1h	96.011	−0.125%	$671K	$5.2M	10x	as long as short