Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.083%

Price spread now: Injective against BloFin−0.968%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.968% cheaper against BloFin than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.280	0.0034	pay 0.0017% / 4h	24m 47s	$1.5M	$96K	50x
Short	Injective BRENT/USDC PERP	95.348	−0.0220	pay 0.0028% / 1h	24m 47s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −0.968%Rate

Funding earned: −$53.37
Price spread: −0.968% → 0.000%: −$96.8
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$162.19
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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 BloFin live order book, 3 min ago	0.52 bp	7.6 bp −$8	11.7 bp −$117	21.0 bp −$2,101	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0848% / S +0.0467%	1h	96.255	−0.026%	$120K	—	111x	as long as short
Injective BRENT/USDC PERPshort	−0.0220%	1h	95.348	−0.968%	$8K	$7K	30x
Hotstuff BRENTOIL-PERP	−0.0176%	1h	96.340	+0.062%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0061%	1h	96.290	+0.010%	$103K	$275K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.218%	$232K	$570K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.260	−0.021%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.259	−0.022%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.256	−0.025%	$145.9M	$456.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.280	0.000%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.250	−0.031%	$15.8M	$26.7M	50x	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	96.220	−0.062%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.270	−0.010%	$27.4M	$20.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.254	−0.027%	$9.3M	$7.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.259	−0.021%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.280	0.000%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.230	−0.052%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.083%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0013%	4h	96.286	+0.006%	$221K	$232K	20x	as long as short
Paradex BZ-USD-PERP	+0.0023%	8h	96.255	−0.026%	$3K	$521	5x	as long as short
BloFin BZ-USDTlong	+0.0034%	4h	96.280	long leg	$1.5M	$96K	50x
Vest BZ-PERP	+0.0046%	1h	99.870	+3.729%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.321	+0.043%	$151.2M	$144.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.328	+0.050%	$1.5M	$527K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0065%	1h	96.362	+0.085%	$6K	$45K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.200	−0.083%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.280	0.000%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.322	+0.044%	$82K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0320%	1h	96.290	+0.010%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0369%	1h	96.240	−0.042%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0592%	1h	96.099	−0.188%	$670K	$5.2M	10x	as long as short