Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: GRVT against Binance−0.020%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 2 days (all we have)+0.011%+$1 · spread now −0.020%, 7d avg +0.033%

Together, before fees−0.023%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.053% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	95.945	0	get 0.0000% / 4h	1h 28m	$145.6M	$479.5M	100x
Short	GRVT BZ_USDT_Perp	95.925	0	get 0.0000% / 4h	1h 28m	$34K	$388K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.033%: −$5.27
Slippage, 4 orders: −$4.05
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$28.32
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; GRVT: live order book, 54 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, 15 min ago	0.52 bp	5.5 bp −$6	6.2 bp −$62	16.2 bp −$1,624	62.1 bp −$31.0K
Sell GRVT live order book, 54 min ago	0.52 bp	5.0 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit

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 −0.0848% / S +0.0467%	1h	95.945	0.000%	$120K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0228%	1h	95.930	−0.015%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.895%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.938	−0.007%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0022%	4h	95.930	−0.015%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.110%	$232K	$647K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.935	−0.010%	$333K	$1.5M	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	95.945	long leg	$145.6M	$479.5M	100x
Bybit BZUSDT	0.0000%	8h	95.930	−0.015%	$10.2M	$16.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.920	−0.026%	$15.8M	$27.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.900	−0.046%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.920	−0.026%	$27.4M	$21.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	−0.033%	$9.2M	$8.3M	—	as long as short
GRVT BZ_USDT_Perpshort	0.0000%	4h	95.925	−0.020%	$34K	$388K	25x
SunX BRENTOIL-USDT	0.0000%	4h	95.960	+0.016%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.950	+0.006%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.860	−0.088%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	−0.036%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	95.924	−0.021%	$220K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0003%	1h	95.923	−0.022%	$5K	$45K	5x	as long as short
Paradex BZ-USD-PERP	+0.0006%	8h	95.951	+0.006%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.940	−0.005%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.905	−0.041%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.34	+4.581%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.975	+0.032%	$147.6M	$146.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.998	+0.056%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.940	−0.005%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.920	−0.026%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	95.980	+0.037%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	95.970	+0.027%	$81K	$240K	20x	as long as short