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 −0.056%

Price spread now: SunX against Binance−0.042%56s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as 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−$610.613% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 2 days (all we have)+0.062%+$6 · spread now −0.042%, 7d avg +0.004%

Together, before fees+0.023%+$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: SunX is 0.046% 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 +0.004%. The two prices were read 56 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	Binance BZUSDT	95.970	0	get 0.0000% / 4h	2h 06m	$145.7M	$491.4M	100x
Short	SunX BRENTOIL-USDT	95.930	0	get 0.0000% / 4h	2h 06m	$4K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.004%: −$4.6
Slippage, 4 orders: −$43.31
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$65.91
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; SunX: live order book, 11 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, 7 min ago	0.52 bp	5.5 bp −$6	7.0 bp −$70	24.5 bp −$2,446	91.5 bp −$45.8K
Sell SunX live order book, 11 min ago	18.76 bp	26.7 bp −$27	35.3 bp −$353	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 −0.0759% / S +0.0474%	1h	95.975	+0.005%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	−0.049%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.083%	$232K	$859K	15x	as long as short
Paradex BZ-USD-PERP	−0.0006%	8h	95.960	−0.011%	$3K	$521	5x	as long as short
BloFin BZ-USDT	−0.0003%	4h	95.890	−0.083%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.948	−0.023%	$333K	$1.5M	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	95.970	long leg	$145.7M	$491.4M	100x
Bybit BZUSDT	0.0000%	8h	95.960	−0.010%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.950	−0.021%	$15.8M	$29.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.970	0.000%	$2.2M	$1.3M	20x	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	95.930	−0.042%	$9.2M	$19.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.960	−0.010%	$27.5M	$24.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	−0.060%	$9.5M	$10.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.894	−0.079%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	95.930	−0.042%	$4K	$2.7M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.980	+0.010%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	−0.104%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.950	−0.021%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.895	−0.078%	$219K	$233K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.984	+0.015%	$669K	$5.2M	10x	as long as short
Lighter BRENTOIL	+0.0040%	1h	95.980	+0.010%	$3.3M	$4.5M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.251%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.999	+0.030%	$148.0M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.999	+0.030%	$1.5M	$540K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.880	−0.094%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.870	−0.104%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.890	−0.083%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.947	−0.024%	$81K	$258K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0192%	1h	95.990	+0.021%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0212%	1h	95.890	−0.083%	$6K	$45K	5x	as long as short