BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0315%/8h= −34.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.027%

Price spread now: Deribit against Polymarket Perps−0.026%7-day average −0.077% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.465%−$47 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now −0.026%, 7d avg −0.077%

Together, before fees−0.766%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.077%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	97.105	0.0050	pay 0.0006% / 1h	21m 05s	$1.6M	$336K	20x
Short	Deribit BRENTOIL_USDC-PERPETUAL	97.080	−0.0265	pay 0.0033% / 1h	21m 05s	$100K	$267K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$66.1
Price spread: −0.026% → −0.077%: $5.08
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$76.02
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Deribit: live order book, 12 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 Polymarket Perps live order book, 3 min ago	255.91 bp	862.8 bp −$863	11361.5 bp −$113.6K	doesn't fit	doesn't fit
Sell Deribit live order book, 12 min ago	0.51 bp	4.0 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit

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
Deribit BRENTOIL_USDC-PERPETUALshort	−0.0265%	1h	97.080	−0.026%	$100K	$267K	15x
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.786%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0084%	1h	96.990	−0.118%	$3.1M	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0064%	4h	97.181	+0.078%	$13K	$340K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.240	+0.139%	$237K	$410K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.077	−0.029%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.089	−0.016%	$82K	$198K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.060	−0.046%	$336K	$707K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.052	−0.054%	$147.9M	$358.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.060	−0.046%	$10.2M	$13.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	−0.057%	$16.2M	$20.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.010	−0.098%	$9.2M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.080	−0.026%	$27.9M	$19.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.246	+0.145%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.090	−0.015%	$4K	$2.3M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.080	−0.026%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.160	+0.057%	$1.2M	$82K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.98	+3.991%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.706	+0.619%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.177	+0.074%	$224K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.050	−0.057%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.121	+0.016%	$749K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	97.073	−0.033%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.082	−0.024%	$154.4M	$116.8M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.105	long leg	$1.6M	$336K	20x
Aftermath Perps BRENTUSD	+0.0059%	1h	97.268	+0.168%	$7K	$39K	5x	as long as short
BloFin BZ-USDT	+0.0060%	4h	97.040	−0.067%	$1.5M	$101K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.100	−0.005%	$3.8M	$787K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.220	+0.118%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0160%	1h	97.100	−0.005%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0327% / S −0.2771%	1h	97.055	−0.051%	$115K	—	111x	as long as short