Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Bitget−0.021%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.324% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.068%−$7 on $10k
Price spread, last 7 days−0.020%−$2 · spread now −0.021%, 7d avg −0.018%
Together, before fees−0.089%−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BZUSDT97.1400get 0.0000% / 4h3h 22m$27.9M$19.1M100x
ShortBybit BZUSDT97.1200get 0.0000% / 8h7h 22m$10.2M$13.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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

Funding earned
$0
Price spread: −0.021% → −0.018%
−$0.22
Slippage, 4 orders
−$9.36
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$32.58
Costs to cover
0.324%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 6 min ago1.02 bp7.4 bp −$79.4 bp −$9416.9 bp −$1,69346.1 bp −$23.1K
Sell Bybit live order book, 5 min ago0.51 bp9.3 bp −$913.4 bp −$13498.1 bp −$9,809doesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BRENTOIL_USDC-PERPETUAL−0.0264%1h97.220+0.082%$100K$266K15xas long as short
Injective BRENT/USDC PERP−0.0220%1h96.342−0.821%$8K$7K30xas long as short
Ondo Perps BRENT-USD.P−0.0080%1h97.130−0.010%$3.1M$1.0M15xas long as short
GRVT BZ_USDT_Perp−0.0064%4h97.137−0.003%$13K$340K25xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0056%1h97.240+0.103%$237K$410K15xas long as short
RISEx BZ/USDC−0.0039%1h97.182+0.043%$2.4M$1.8M20xas long as short
Kraken Futures PF_BRENTOILUSD−0.0002%1h97.235+0.097%$82K$198K20xas long as short
Aster BZUSDT0.0000%4h97.211+0.073%$337K$714K50xas long as short
Binance BZUSDT0.0000%4h97.142+0.002%$147.9M$357.8M100xas long as short
Bybit BZUSDTshort0.0000%8h97.120−0.021%$10.2M$13.3M100x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BZ-USDT-SWAP0.0000%4h97.110−0.031%$16.3M$20.0M50xas long as short
Gate BZ_USDT0.0000%8h97.1400.000%$9.2M$10.7M100xas long as short
Bitget BZUSDTlong0.0000%4h97.140long leg$27.9M$19.1M100x
Variational Omni BZ0.0000%4h97.246+0.109%$9.4M$6.1Mas long as short
SunX BRENTOIL-USDT0.0000%4h97.250+0.113%$4K$2.3M20xas long as short
HTX BRENTOIL-USDT0.0000%4h97.240+0.103%$279K$251K75xas long as short
Phemex XBRUSDT0.0000%4h97.300+0.165%$1.2M$82K100xas long as short
edgeX BZUSDC+0.0001%4h97.137−0.003%$224K$229K20xas long as short
Vest BZ-PERP+0.0007%1h101.12+4.097%$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.772+0.651%as long as short
Lighter BRENTOIL+0.0032%1h97.210+0.072%$3.4M$4.3M20xas long as short
Extended XBR-USD+0.0032%1h97.216+0.079%$749K$2.7M10xas long as short
Paradex BZ-USD-PERP+0.0045%8h97.214+0.076%$2K$1K5xas long as short
BloFin BZ-USDT+0.0047%4h97.220+0.082%$1.5M$101K50xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.144+0.004%$154.5M$116.7M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.220+0.082%$1.6M$344K20xas long as short
Aftermath Perps BRENTUSD+0.0055%1h97.323+0.188%$7K$39K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.240+0.103%$3.8M$789K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.310+0.175%$26K$273K50xas long as short
Hotstuff BRENTOIL-PERP+0.0176%1h97.260+0.124%$34K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0328% / S −0.2771%1h97.235+0.098%$115K111xas long as short