Settings8H · net · $10k
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Funding arb · Price arb /

BZ

RWAall BZ markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: tradeXYZ against Polymarket Perps−0.014%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Long on Polymarket PerpsShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days−0.301%−$30 on $10k
Price spread, last 7 days−0.277%−$28 · spread now −0.014%, 7d avg −0.089%
Together, before fees−0.577%+ Points / potential airdroptradeXYZ: Active · farm board−$58 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.075% dearer against Polymarket Perps than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BRENTOIL-USD97.8080.0050pay 0.0006% / 1h23m 58s$1.6M$463K20x
ShorttradeXYZ xyz:BRENTOIL97.7940.0050get 0.0006% / 1h23m 58s$155.2M$115.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$0
Price spread: −0.014% → −0.089%
$7.45
Slippage, 4 orders
−$7.61
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$26.16
Costs to cover
0.336%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; tradeXYZ: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 4 min ago1.89 bp5.9 bp −$67.3 bp −$7314.0 bp −$1,396doesn't fit
Sell tradeXYZ live order book, 6 min ago0.05 bp9.3 bp −$910.2 bp −$102doesn't fitdoesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h97.018−0.808%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0088%1h97.810+0.002%$236K$417K15xas long as short
Aster BZUSDT0.0000%4h97.782−0.027%$340K$930K50xas long as short
Binance BZUSDT0.0000%4h97.780−0.029%$147.9M$349.3M100xas long as short
Bybit BZUSDT0.0000%8h97.760−0.049%$10.4M$13.1M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.780−0.029%$16.1M$19.8M50xas long as short
RISEx BZ/USDC0.0000%1h97.748−0.061%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.730−0.080%$9.3M$11.0M100xas long as short
Bitget BZUSDT0.0000%4h97.760−0.049%$27.9M$17.4M100xas long as short
Variational Omni BZ0.0000%4h97.748−0.061%$9.4M$6.9M—as long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BZ_USDT_Perp0.0000%4h97.798−0.010%$24K$305K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.790−0.018%$4K$2.4M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.770−0.039%$100K$252K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.730−0.080%$280K$253K75xas long as short
Phemex XBRUSDT0.0000%4h98.010+0.207%$1.2M$86K100xas long as short
edgeX BZUSDC+0.0001%4h97.760−0.049%$225K$227K20xas long as short
BloFin BZ-USDT+0.0004%4h97.780−0.029%$1.5M$97K50xas long as short
Vest BZ-PERP+0.0009%1h101.90+4.184%—$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.315+0.518%———as long as short
Lighter BRENTOIL+0.0032%1h97.780−0.029%$3.3M$4.1M20xas long as short
Extended XBR-USD+0.0032%1h97.778−0.031%$682K$3.3M10xas long as short
Hotstuff BRENTOIL-PERP+0.0040%1h97.790−0.018%$34K—20xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.771−0.038%$3K$3365xas long as short
tradeXYZ xyz:BRENTOILshort+0.0050%1h97.794−0.014%$155.2M$115.6M20x
Polymarket Perps BRENTOIL-USDlong+0.0050%1h97.808long leg$1.6M$463K20x
Ondo Perps BRENT-USD.P+0.0050%1h97.710−0.100%$3.1M$1.0M15xas long as short
Aftermath Perps BRENTUSD+0.0086%1h97.776−0.032%$7K$41K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.780−0.029%$3.8M$808K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.790−0.018%$26K$273K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0158%1h97.793−0.015%$82K$206K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0329% / S −0.2771%1h97.765−0.044%$116K—111xas long as short