Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0050%/8hpaid last 24h −0.033%

Price spread now: Bitget against Polymarket Perps−0.046%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.735%−$74 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.046%, 7d avg −0.091%

Together, before fees−0.600%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.045% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.046% now, against its 7-day average of −0.091%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.735% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	96.074	0.0050	pay 0.0006% / 1h	28m 48s	$1.5M	$552K	20x
Short	Bitget BZUSDT	96.030	0	get 0.0000% / 4h	28m 48s	$27.7M	$23.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$10.5
Price spread: −0.046% → −0.091%: $4.51
Slippage, 4 orders: −$10.69
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$36.68
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Bitget: 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 Polymarket Perps live order book, 4 min ago	3.37 bp	7.4 bp −$7	7.6 bp −$76	17.4 bp −$1,742	doesn't fit
Sell Bitget live order book, 4 min ago	0.52 bp	8.0 bp −$8	10.1 bp −$101	27.1 bp −$2,714	53.9 bp −$27.0K

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	95.676	−0.414%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.400	+0.339%	$231K	$842K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0083% / S +0.0296%	1h	96.005	−0.072%	$105K	—	111x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.070	−0.004%	$103K	$279K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.102	+0.029%	$333K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.029	−0.047%	$145.2M	$476.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.030	−0.046%	$10.4M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.030	−0.046%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.025	−0.051%	$2.1M	$1.2M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.990	−0.087%	$9.1M	$18.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDTshort	0.0000%	4h	96.030	−0.046%	$27.7M	$23.0M	100x
Variational Omni BZ	0.0000%	4h	96.135	+0.063%	$9.6M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.310	+0.246%	$28K	$393K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.050	−0.025%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.010	−0.067%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.150	+0.079%	$1.2M	$101K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.769	+0.723%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.296	+0.231%	$220K	$235K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.051	−0.024%	$81K	$265K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0030%	1h	95.970	−0.108%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.080	+0.006%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.079	+0.005%	$672K	$5.2M	10x	as long as short
BloFin BZ-USDT	+0.0037%	4h	96.030	−0.046%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.11	+4.201%	—	$664K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.023	−0.053%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.086	+0.012%	$149.5M	$144.4M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.074	long leg	$1.5M	$552K	20x
Aftermath Perps BRENTUSD	+0.0067%	1h	96.277	+0.211%	$6K	$48K	5x	as long as short
KuCoin BZUSDTM	+0.0072%	4h	96.040	−0.035%	$3.7M	$965K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.320	+0.256%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0152%	1h	96.050	−0.025%	$33K	—	20x	as long as short