BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: Extended against Polymarket Perps−0.013%49s7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.217% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.413%−$41 on $10k

Price spread, last 7 days−0.280%−$28 · spread now −0.013%, 7d avg −0.127%

Together, before fees−0.693%+ Points / potential airdropExtended: Active · farm board−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.114% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.127%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.413% in total) that is about 46 hours. The two prices were read 49 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	Polymarket Perps BRENTOIL-USD	97.529	0.0050	pay 0.0006% / 1h	46m 41s	$1.6M	$463K	20x
Short	Extended XBR-USD	97.516	0.0032	get 0.0004% / 1h	46m 41s	$680K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$3.78
Price spread: −0.013% → −0.127%: $11.38
Slippage, 4 orders: −$8.74
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.14
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 7 min ago; Extended: live order book, 2 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, 7 min ago	1.95 bp	7.5 bp −$7	7.5 bp −$75	14.4 bp −$1,441	doesn't fit
Sell Extended live order book, 2 min ago	0.97 bp	3.8 bp −$4	11.8 bp −$118	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.684	−0.866%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.460	−0.071%	$237K	$441K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.516	−0.014%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.510	−0.019%	$147.6M	$364.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.520	−0.009%	$10.4M	$12.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.530	+0.001%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.485	−0.045%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.480	−0.050%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	−0.019%	$28.0M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.488	−0.042%	$9.3M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.497	−0.032%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.540	+0.011%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.530	+0.001%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.450	−0.081%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	+0.011%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.457	−0.074%	$224K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.533	+0.004%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.067	+0.552%	—	—	—	as long as short
Vest BZ-PERP	+0.0020%	1h	101.57	+4.143%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.510	−0.019%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.516	−0.013%	$680K	$3.8M	10x
BloFin BZ-USDT	+0.0040%	4h	97.540	+0.011%	$1.5M	$97K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.507	−0.022%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.524	−0.005%	$153.8M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.529	long leg	$1.6M	$463K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.460	−0.071%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0054%	1h	97.490	−0.040%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0056%	1h	97.530	+0.001%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.570	+0.042%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.520	−0.009%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0295% / S −0.2195%	1h	97.515	−0.014%	$115K	—	111x	as long as short