BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.017%

Price spread now: RISEx against Polymarket Perps−0.052%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.127%+$13 on $10k

Price spread, last 7 days−0.049%−$5 · spread now −0.052%, 7d avg −0.053%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.127%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	97.531	0.0050	pay 0.0006% / 1h	39m 14s	$1.6M	$463K	20x
Short	RISEx BZ/USDC	97.481	0	get 0.0000% / 1h	39m 14s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$10.5
Price spread: −0.052% → −0.053%: $0.12
Slippage, 4 orders: −$9.45
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$33.82
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; RISEx: 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	3.49 bp	7.5 bp −$7	7.5 bp −$75	14.5 bp −$1,448	doesn't fit
Sell RISEx live order book, 5 min ago	1.23 bp	4.2 bp −$4	5.5 bp −$55	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	96.333	−1.228%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.268%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0053%	4h	97.460	−0.073%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.488	−0.045%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.438	−0.096%	$147.6M	$367.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.440	−0.093%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.440	−0.093%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.481	−0.052%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.400	−0.134%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.470	−0.063%	$27.9M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.458	−0.075%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.462	−0.070%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.510	−0.022%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.500	−0.032%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.216%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.460	−0.073%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.427	−0.107%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.048	+0.530%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.55	+4.121%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.450	−0.083%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.501	−0.030%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.497	−0.035%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.455	−0.078%	$153.9M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.531	long leg	$1.6M	$463K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−0.083%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.506	−0.026%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.530	−0.001%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.490	−0.042%	$3.8M	$860K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−0.165%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.413	−0.121%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0240% / S −0.1046%	1h	97.495	−0.037%	$115K	—	111x	as long as short