BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h +0.020%

Price spread now: Polymarket Perps against GMX+0.049%7-day average +0.089% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.049%, 7d avg +0.089%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.040% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.121%, 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	GMX BRENTOIL/USD [ETH-USDC]	97.365	L +0.0235% / S −0.0303%	pay 0.0029% / 1h	44m 04s	$126K	—	111x
Short	Polymarket Perps BRENTOIL-USD	97.413	0.0050	get 0.0006% / 1h	44m 04s	$1.6M	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GMX. 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 GMXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$38.95
Price spread: +0.049% → +0.089%: −$4
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$62.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	2.57 bp	6.6 bp −$7	8.2 bp −$82	21.7 bp −$2,174	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.060%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.098%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.365	0.000%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.400	+0.036%	$147.7M	$368.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.400	+0.036%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.410	+0.046%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.363	−0.002%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	+0.026%	$34K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.360	−0.005%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.360	−0.005%	$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	97.348	−0.017%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	−0.014%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.380	+0.015%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.370	+0.005%	$104K	$241K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.046%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.026%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	+0.010%	$223K	$228K	20x	as long as short
BloFin BZ-USDT	+0.0010%	4h	97.350	−0.015%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.934	+0.585%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.42	+4.165%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	+0.015%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.396	+0.032%	$677K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.367	+0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.440	+0.077%	$153.7M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.413	+0.049%	$1.6M	$463K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.320	−0.046%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.390	+0.025%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.430	+0.067%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.410	+0.046%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0105%	1h	97.331	−0.035%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]long	L +0.0235% / S −0.0303%	1h	97.365	long leg	$126K	—	111x