Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against Binance+0.010%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.010%, 7d avg −0.008%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.620	0	get 0.0000% / 4h	2h 18m	$147.7M	$361.5M	100x
Short	Bitget BZUSDT	97.630	0	get 0.0000% / 4h	2h 18m	$28.0M	$16.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.008%: $1.79
Slippage, 4 orders: −$4.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.6
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 5 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 Binance live order book, 10 min ago	0.51 bp	5.5 bp −$6	6.4 bp −$64	16.1 bp −$1,607	53.3 bp −$26.7K
Sell Bitget live order book, 5 min ago	1.02 bp	7.7 bp −$8	10.3 bp −$103	25.8 bp −$2,583	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	96.783	−0.857%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.092%	$235K	$430K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.640	+0.020%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.620	0.000%	$339K	$930K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.620	long leg	$147.7M	$361.5M	100x
Bybit BZUSDT	0.0000%	8h	97.610	−0.010%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.620	0.000%	$16.1M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.593	−0.028%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.580	−0.041%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.630	+0.010%	$28.0M	$16.5M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.558	−0.064%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.585	−0.035%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.650	+0.031%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	0.000%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.600	−0.020%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	−0.010%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.540	−0.082%	$225K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.618	−0.002%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.173	+0.566%	—	—	—	as long as short
Vest BZ-PERP	+0.0016%	1h	101.70	+4.179%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.640	+0.020%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.610	−0.011%	$680K	$3.6M	10x	as long as short
BloFin BZ-USDT	+0.0040%	4h	97.620	0.000%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.631	+0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.664	+0.045%	$154.3M	$124.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.678	+0.059%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.570	−0.051%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0064%	1h	97.629	+0.009%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.650	+0.031%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.600	−0.020%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0324% / S −0.2679%	1h	97.625	+0.005%	$116K	—	111x	as long as short