Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps−0.087%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.705%−$70 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.087%, 7d avg −0.165%

Together, before fees−0.706%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.078% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.165%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−0.705% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	95.833	0.0050	pay 0.0006% / 1h	47m 32s	$1.5M	$529K	20x
Short	Gate BZ_USDT	95.750	0	get 0.0000% / 8h	1h 47m	$9.2M	$18.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.087%Rate

Funding earned: −$10.5
Price spread: −0.087% → −0.165%: $7.81
Slippage, 4 orders: −$17.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.72
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.61 bp	6.6 bp −$7	6.7 bp −$67	16.5 bp −$1,654	doesn't fit
Sell Gate live order book, 1 min ago	1.57 bp	12.5 bp −$13	23.3 bp −$233	30.2 bp −$3,023	42.1 bp −$21.0K

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0799% / S +0.0481%	1h	95.785	−0.050%	$114K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0586%	1h	95.780	−0.055%	$3.0M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0352%	1h	95.810	−0.024%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.610%	$8K	$7K	30x	as long as short
Lighter BRENTOIL	−0.0168%	1h	95.810	−0.024%	$3.3M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0141%	1h	95.810	−0.024%	$147.4M	$146.8M	20x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.775	−0.061%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0054%	4h	95.740	−0.097%	$1.5M	$95K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0042%	4h	95.760	−0.076%	$34K	$396K	25x	as long as short
Paradex BZ-USD-PERP	−0.0017%	8h	95.791	−0.044%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.226%	$232K	$679K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.836	+0.003%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.830	−0.003%	$145.4M	$482.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.820	−0.014%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.820	−0.014%	$15.8M	$28.6M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	95.750	−0.087%	$9.2M	$18.0M	100x
Bitget BZUSDT	0.0000%	4h	95.810	−0.024%	$27.4M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.737	−0.100%	$9.2M	$9.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.810	−0.024%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.810	−0.024%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.740	−0.097%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.880	+0.049%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	95.735	−0.102%	$219K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0015%	1h	95.802	−0.032%	$5K	$45K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	95.900	+0.070%	$674K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.960	+4.306%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	95.833	long leg	$1.5M	$529K	20x
KuCoin BZUSDTM	+0.0100%	4h	95.820	−0.014%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.830	−0.003%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.836	+0.004%	$81K	$244K	20x	as long as short