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

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: Deribit against Bitget+0.010%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.302% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.313%−$31 on $10k
Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.010%, 7d avg −0.004%
Together, before fees−0.475%−$47 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BZUSDT95.9500get 0.0000% / 4h2h 25m$27.5M$24.1M100x
ShortDeribit BRENTOIL_USDC-PERPETUAL95.9600get 0.0000% / 1h25m 47s$102K$281K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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: +0.010% → −0.004%
$1.49
Slippage, 4 orders
−$11.21
Fee Bitget: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$28.72
Costs to cover
0.302%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 62 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, 3 min ago0.52 bp9.2 bp −$914.3 bp −$14356.3 bp −$5,626100.3 bp −$50.1K
Sell Deribit live order book, 62 min ago0.52 bp4.0 bp −$44.6 bp −$46doesn't fitdoesn't fit

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]L −0.0665% / S +0.0458%1h95.945−0.005%$114K29xas long as short
Injective BRENT/USDC PERP−0.0220%1h95.398−0.575%$10K$4K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0112%1h96.050+0.104%$232K$859K15xas long as short
BloFin BZ-USDT−0.0013%4h95.940−0.010%$1.5M$97K50xas long as short
Aster BZUSDT0.0000%4h95.993+0.045%$335K$1.7M50xas long as short
Binance BZUSDT0.0000%4h95.958+0.008%$145.6M$488.5M100xas long as short
Bybit BZUSDT0.0000%8h95.980+0.031%$10.2M$17.2M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h95.930−0.021%$15.8M$30.2M50xas long as short
RISEx BZ/USDC0.0000%1h95.944−0.006%$2.2M$1.3M20xas long as short
Gate BZ_USDT0.0000%8h95.930−0.021%$9.1M$19.1M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDTlong0.0000%4h95.950long leg$27.5M$24.1M100x
Variational Omni BZ0.0000%4h95.981+0.032%$9.5M$11.2Mas long as short
GRVT BZ_USDT_Perp0.0000%4h95.970+0.021%$34K$406K25xas long as short
SunX BRENTOIL-USDT0.0000%4h95.9500.000%$4K$2.7M20xas long as short
Deribit BRENTOIL_USDC-PERPETUALshort0.0000%1h95.960+0.010%$102K$281K15x
HTX BRENTOIL-USDT0.0000%4h95.880−0.073%$318K$233K75xas long as short
Phemex XBRUSDT0.0000%4h95.970+0.021%$1.2M$101K100xas long as short
edgeX BZUSDC+0.0013%4h95.961+0.012%$220K$234K20xas long as short
Extended XBR-USD+0.0032%1h95.936−0.014%$669K$5.2M10xas long as short
Lighter BRENTOIL+0.0040%1h95.970+0.021%$3.3M$4.4M20xas long as short
Vest BZ-PERP+0.0046%1h100.05+4.273%$735K10xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h96.019+0.072%$1.5M$549K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h95.890−0.063%$3.1M$1.1M15xas long as short
Paradex BZ-USD-PERP+0.0052%8h95.956+0.007%$3K$5215xas long as short
tradeXYZ xyz:BRENTOIL+0.0077%1h96.022+0.075%$148.2M$147.2M20xas long as short
KuCoin BZUSDTM+0.0100%4h95.920−0.031%$3.8M$1.1M50xas long as short
ApeX Omni BZUSDT+0.0100%1h96.050+0.104%$25K$270K50xas long as short
Aftermath Perps BRENTUSD+0.0157%1h96.021+0.074%$6K$45K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0158%1h95.977+0.028%$81K$263K20xas long as short
Hotstuff BRENTOIL-PERP+0.0384%1h96.040+0.094%$33K20xas long as short