Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Polymarket Perps−0.042%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 4 days (all we have)−0.315%−$31 · spread now −0.042%, 7d avg −0.071%

Together, before fees−0.746%−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.029% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.071%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.431% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	97.001	0.0050	pay 0.0006% / 1h	46m 40s	$1.5M	$446K	20x
Short	SunX BRENTOIL-USDT	96.960	0	get 0.0000% / 4h	1h 46m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$10.5
Price spread: −0.042% → −0.071%: $2.86
Slippage, 4 orders: −$46.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$70.47
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; SunX: live order book, 11 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	1.86 bp	5.9 bp −$6	6.7 bp −$67	14.4 bp −$1,436	doesn't fit
Sell SunX live order book, 11 min ago	18.57 bp	26.4 bp −$26	35.1 bp −$351	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	96.207	−0.819%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.197%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	96.960	−0.042%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0030%	4h	96.940	−0.063%	—	$87K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.896	−0.108%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.910	−0.093%	$146.5M	$375.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.910	−0.094%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	−0.084%	$15.9M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.942	−0.061%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.880	−0.125%	$9.2M	$12.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.950	−0.053%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.006	+0.005%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	+0.011%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	96.960	−0.042%	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	−0.073%	$103K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.084%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.900	−0.104%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	96.943	−0.059%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.463	+0.476%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	−0.084%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.928	−0.075%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.00	+4.123%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.946	−0.056%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.940	−0.063%	$151.9M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.001	long leg	$1.5M	$446K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.910	−0.094%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.990	−0.011%	$3.8M	$875K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.930	−0.073%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0059%	1h	96.925	−0.078%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0194%	1h	96.969	−0.033%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.945	−0.058%	$83K	$218K	20x	as long as short