BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0270%/8h= +29.6% APRnext payment +$0.34 per $10,000 · paid last 24h +0.081%

Price spread now: Polymarket Perps against Injective+0.705%51s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Polymarket Perps is 0.705% dearer against Injective than usual: you sell high and buy low: +$71 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRENT/USDC PERP	96.433	−0.0220	get 0.0028% / 1h	14m 16s	$8K	$7K	30x
Short	Polymarket Perps BRENTOIL-USD	97.113	0.0050	get 0.0006% / 1h	14m 16s	$1.6M	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. 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 InjectivebpFee Polymarket PerpsbpOrdersPrice spread, now +0.705%Rate

Funding earned: $56.7
Price spread: +0.705% → 0.000%: $70.52
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $119.2
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	2.52 bp	8.0 bp −$8	8.2 bp −$82	18.2 bp −$1,818	doesn't fit

Injective: 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 PERPlong	−0.0220%	1h	96.433	long leg	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.837%	$234K	$436K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	97.190	+0.785%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.095	+0.687%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.050	+0.640%	$147.0M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.050	+0.640%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	+0.640%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.041	+0.630%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.010	+0.598%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.050	+0.640%	$27.6M	$16.5M	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	97.168	+0.762%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.157	+0.750%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.080	+0.671%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.060	+0.650%	$104K	$233K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.120	+0.712%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.930%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.607	+1.218%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	97.141	+0.734%	$223K	$228K	20x	as long as short
BloFin BZ-USDT	+0.0025%	4h	97.170	+0.764%	$1.5M	$92K	50x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.12	+4.860%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.070	+0.661%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.063	+0.653%	$680K	$4.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.047	+0.637%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.100	+0.692%	$153.2M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.113	+0.705%	$1.6M	$491K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.010	+0.598%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.110	+0.702%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.190	+0.785%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0125%	1h	97.179	+0.774%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.068	+0.658%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0210% / S −0.0132%	1h	97.065	+0.655%	$126K	—	111x	as long as short