BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0216%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h +0.042%

Price spread now: Polymarket Perps against Deribit−0.003%7-day average +0.080% · 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−$36as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.455%+$46 on $10k

Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.003%, 7d avg +0.080%

Together, before fees+0.628%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.083% cheaper against Deribit than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.080%). If the spread goes back, that is −$8 on $10k: about 31 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	96.160	−0.0166	get 0.0021% / 1h	39m 32s	$103K	$278K	15x
Short	Polymarket Perps BRENTOIL-USD	96.157	0.0050	get 0.0006% / 1h	39m 32s	$1.5M	$529K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.003%Rate

Funding earned: $45.32
Price spread: −0.003% → +0.080%: −$8.34
Slippage, 4 orders: −$12.93
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $9.05
Costs to cover: 0.279%
Break-even: 5.6 days

Slippage from Deribit: live order book, 39 min ago; Polymarket Perps: live order book, 4 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 Deribit live order book, 39 min ago	0.52 bp	4.0 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.34 bp	6.3 bp −$6	6.8 bp −$68	17.3 bp −$1,726	doesn't fit

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	96.125	−0.036%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	−0.0360%	1h	96.150	−0.010%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.823%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	−0.0166%	1h	96.160	long leg	$103K	$278K	15x
tradeXYZ xyz:BRENTOIL	−0.0110%	1h	96.158	−0.002%	$149.8M	$143.1M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.094%	$232K	$578K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.142	−0.018%	$2.2M	$1.3M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0016%	4h	96.079	−0.084%	$34K	$375K	25x	as long as short
Binance BZUSDT	−0.0015%	4h	96.160	0.000%	$145.9M	$466.7M	100x	as long as short
edgeX BZUSDC	−0.0010%	4h	96.063	−0.101%	$220K	$232K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BZ-USDT	−0.0002%	4h	96.090	−0.073%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	−0.042%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.140	−0.021%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.140	−0.021%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.100	−0.062%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.130	−0.031%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.063	−0.101%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.150	−0.010%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.135%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.130	−0.031%	$1.2M	$96K	100x	as long as short
Paradex BZ-USD-PERP	+0.0013%	8h	96.124	−0.037%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.110	−0.052%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	96.128	−0.034%	$6K	$45K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.740	+3.723%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.157	−0.003%	$1.5M	$529K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.100	−0.062%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−0.062%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.150	−0.010%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.139	−0.022%	$81K	$233K	20x	as long as short
Extended XBR-USD	+0.0136%	1h	96.017	−0.149%	$671K	$5.2M	10x	as long as short