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

BZ

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%
Price spread now: Binance against Polymarket Perps−0.075%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Long on Polymarket PerpsShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.389%−$39 on $10k
Price spread, last 7 days−0.109%−$11 · spread now −0.075%, 7d avg −0.089%
Together, before fees−0.499%−$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps BRENTOIL-USD97.2780.0050pay 0.0006% / 1h38m 00s$1.6M$491K20x
ShortBinance BZUSDT97.2050get 0.0000% / 4h38m 00s$147.0M$371.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$10.5
Price spread: −0.075% → −0.089%
$1.39
Slippage, 4 orders
−$7.7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$34.81
Costs to cover
0.257%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; Binance: 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, 5 min ago3.34 bp7.3 bp −$78.3 bp −$83539.0 bp −$53.9Kdoesn't fit
Sell Binance live order book, 6 min ago0.51 bp5.5 bp −$66.1 bp −$6112.1 bp −$1,21557.9 bp −$29.0K

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%1h96.376−0.927%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0096%1h97.240−0.039%$234K$437K15xas long as short
BloFin BZ-USDT−0.0051%4h97.180−0.101%$1.5M$92K50xas long as short
Hotstuff BRENTOIL-PERP−0.0040%1h97.270−0.008%$34K—20xas long as short
Aster BZUSDT0.0000%4h97.220−0.060%$338K$954K50xas long as short
Binance BZUSDTshort0.0000%4h97.205−0.075%$147.0M$371.4M100x
Bybit BZUSDT0.0000%8h97.200−0.080%$10.4M$13.1M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.210−0.070%$16.0M$20.6M50xas long as short
RISEx BZ/USDC0.0000%1h97.241−0.038%$2.2M$1.4M20xas long as short
Gate BZ_USDT0.0000%8h97.160−0.121%$9.2M$12.2M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDT0.0000%4h97.210−0.070%$27.5M$16.3M100xas long as short
Variational Omni BZ0.0000%4h97.307+0.030%$9.4M$6.9M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.319+0.042%$28K$352K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.230−0.049%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.220−0.060%$104K$237K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.190−0.090%$279K$268K75xas long as short
Phemex XBRUSDT0.0000%4h97.250−0.029%$1.2M$85K100xas long as short
edgeX BZUSDC+0.0001%4h97.311+0.034%$223K$226K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.763+0.499%———as long as short
Lighter BRENTOIL+0.0032%1h97.220−0.060%$3.3M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.235−0.044%$678K$4.5M10xas long as short
Vest BZ-PERP+0.0034%1h101.25+4.083%—$735K10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.244−0.035%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.240−0.039%$152.9M$124.7M20xas long as short
Polymarket Perps BRENTOIL-USDlong+0.0050%1h97.278long leg$1.6M$491K20x
Ondo Perps BRENT-USD.P+0.0050%1h97.170−0.111%$3.1M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h97.230−0.049%$3.8M$871K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.330+0.053%$26K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0101%1h97.292+0.014%$7K$43K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0142%1h97.242−0.037%$84K$207K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0189% / S +0.0009%1h97.215−0.065%$126K—111xas long as short