Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against Binance+0.016%7-day average 0.000% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.016%, 7d avg 0.000%

Together, before fees+0.064%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.490	0	get 0.0000% / 4h	3h 07m	$147.4M	$367.2M	100x
Short	tradeXYZ xyz:BRENTOIL	97.506	0.0050	get 0.0006% / 1h	7m 21s	$153.8M	$125.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.016%Rate

Funding earned: $10.5
Price spread: +0.016% → 0.000%: $1.68
Slippage, 4 orders: −$2.54
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.36
Costs to cover: 0.305%
Break-even: 19.2 days

Slippage from Binance: live order book, 6 min ago; tradeXYZ: live order book, 12 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, 6 min ago	0.51 bp	5.5 bp −$6	6.3 bp −$63	13.8 bp −$1,378	48.4 bp −$24.2K
Sell tradeXYZ live order book, 12 min ago	0.05 bp	9.9 bp −$10	10.4 bp −$104	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	96.536	−0.979%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.460	−0.031%	$237K	$443K	15x	as long as short
BloFin BZ-USDT	−0.0021%	4h	97.500	+0.010%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.474	−0.016%	$339K	$930K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.490	long leg	$147.4M	$367.2M	100x
Bybit BZUSDT	0.0000%	8h	97.480	−0.010%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.490	0.000%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.468	−0.022%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.460	−0.031%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.490	0.000%	$28.0M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.457	−0.034%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.481	−0.009%	$26K	$314K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.490	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.480	−0.010%	$102K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.440	−0.051%	$280K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	+0.051%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.467	−0.024%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.039	+0.563%	—	—	—	as long as short
Vest BZ-PERP	+0.0024%	1h	101.55	+4.165%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.490	0.000%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.497	+0.007%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.483	−0.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.506	+0.016%	$153.8M	$125.6M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.526	+0.037%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.440	−0.051%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.489	−0.001%	$82K	$208K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0081%	1h	97.448	−0.043%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.500	+0.010%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.560	+0.072%	$3.8M	$849K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.490	0.000%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0274% / S −0.1752%	1h	97.495	+0.005%	$115K	—	111x	as long as short