Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Extended against Binance−0.011%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.011%, 7d avg −0.037%

Together, before fees−0.035%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.026% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.360	0	get 0.0000% / 4h	40m 09s	$149.4M	$353.3M	100x
Short	Extended XBR-USD	97.350	0.0032	get 0.0004% / 1h	40m 09s	$738K	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.011%Rate

Funding earned: $6.72
Price spread: −0.011% → −0.037%: $2.58
Slippage, 4 orders: −$4.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.6
Costs to cover: 0.199%
Break-even: 18.0 days

Slippage from Binance: live order book, 3 min ago; Extended: 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 Binance live order book, 3 min ago	0.51 bp	5.5 bp −$6	6.7 bp −$67	13.1 bp −$1,310	45.0 bp −$22.5K
Sell Extended live order book, 4 min ago	1.44 bp	4.2 bp −$4	12.3 bp −$123	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	97.155	−0.211%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.349%	$237K	$412K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.375	+0.016%	$339K	$860K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.360	long leg	$149.4M	$353.3M	100x
Bybit BZUSDT	0.0000%	8h	97.330	−0.031%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.340	−0.021%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.284	−0.078%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.300	−0.062%	$9.2M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.360	0.000%	$27.8M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.336	−0.025%	$9.5M	$6.6M	—	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	+0.141%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.330	−0.031%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.340	−0.021%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.340	−0.021%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	+0.154%	$1.2M	$87K	100x	as long as short
BloFin BZ-USDT	+0.0001%	4h	97.260	−0.103%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.41	+4.160%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.877	+0.531%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.501	+0.145%	$225K	$227K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.330	−0.031%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0026%	1h	97.200	−0.164%	$3.1M	$1.0M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.330	−0.031%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.350	−0.011%	$738K	$3.2M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.295	−0.067%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.370	+0.010%	$155.1M	$115.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.370	+0.010%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0087%	1h	97.424	+0.066%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.360	0.000%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.500	+0.144%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.342	−0.019%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.325	−0.036%	$115K	—	111x	as long as short