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

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Bitget−0.057%83s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$280.283% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.057%, 7d avg −0.005%
Together, before fees+0.041%+ Points / potential airdropGRVT: Active · farm board+$4 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 0.052% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BZUSDT97.8300get 0.0000% / 4h1h 36m$28.0M$17.3M100x
ShortGRVT BZ_USDT_Perp97.7740get 0.0000% / 4h1h 36m$24K$305K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.057% → −0.005%
−$5.19
Slippage, 4 orders
−$7.3
Fee Bitget: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$33.49
Costs to cover
0.283%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; GRVT: live order book, 6 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 ago0.51 bp7.3 bp −$78.8 bp −$8813.3 bp −$1,32738.8 bp −$19.4K
Sell GRVT live order book, 6 min ago0.51 bp5.9 bp −$610.5 bp −$105doesn't fitdoesn'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
Injective BRENT/USDC PERP−0.0220%1h97.018−0.830%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0088%1h97.810−0.020%$236K$418K15xas long as short
Aster BZUSDT0.0000%4h97.831+0.001%$340K$930K50xas long as short
Binance BZUSDT0.0000%4h97.820−0.010%$147.8M$350.7M100xas long as short
Bybit BZUSDT0.0000%8h97.800−0.031%$10.1M$12.9M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.810−0.020%$16.1M$19.8M50xas long as short
RISEx BZ/USDC0.0000%1h97.793−0.038%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.770−0.061%$9.3M$10.9M100xas long as short
Bitget BZUSDTlong0.0000%4h97.830long leg$28.0M$17.3M100x
Variational Omni BZ0.0000%4h97.768−0.063%$9.4M$6.8Mas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BZ_USDT_Perpshort0.0000%4h97.774−0.057%$24K$305K25x
SunX BRENTOIL-USDT0.0000%4h97.840+0.010%$4K$2.4M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.820−0.010%$100K$251K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.780−0.051%$281K$253K75xas long as short
Phemex XBRUSDT0.0000%4h98.030+0.204%$1.2M$87K100xas long as short
edgeX BZUSDC+0.0008%4h97.853+0.024%$225K$228K20xas long as short
Vest BZ-PERP+0.0011%1h101.96+4.222%$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.377+0.559%as long as short
Lighter BRENTOIL+0.0032%1h97.820−0.010%$3.3M$4.0M20xas long as short
Extended XBR-USD+0.0032%1h97.827−0.003%$682K$3.4M10xas long as short
BloFin BZ-USDT+0.0041%4h97.820−0.010%$1.5M$97K50xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.815−0.015%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.834+0.004%$155.2M$115.9M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.859+0.030%$1.6M$463K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.8300.000%$3.1M$995K15xas long as short
Hotstuff BRENTOIL-PERP+0.0080%1h97.880+0.051%$34K20xas long as short
Aftermath Perps BRENTUSD+0.0080%1h97.846+0.016%$7K$41K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.840+0.010%$3.8M$812K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.810−0.020%$26K$273K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0157%1h97.835+0.005%$82K$206K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0329% / S −0.2771%1h97.825−0.005%$116K111xas long as short