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

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.056%
Price spread now: Binance against Bybit+0.002%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.314%+$31 on $10k
Price spread, last 2 days (all we have)−0.022%−$2 · spread now +0.002%, 7d avg +0.009%
Together, before fees+0.292%+$29 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BZUSDT95.9200get 0.0000% / 8h1h 27m$10.2M$16.6M100x
ShortBinance BZUSDT95.9220get 0.0000% / 4h1h 27m$145.5M$479.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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: +0.002% → +0.009%
−$0.63
Slippage, 4 orders
−$9.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$31.51
Costs to cover
0.309%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 16 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 Bybit live order book, 1 min ago0.52 bp9.4 bp −$916.5 bp −$165111.0 bp −$11.1Kdoesn't fit
Sell Binance live order book, 16 min ago0.52 bp5.5 bp −$66.8 bp −$6813.9 bp −$1,39452.5 bp −$26.2K

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 −0.0848% / S +0.0467%1h95.925+0.005%$120K29xas long as short
Injective BRENT/USDC PERP−0.0220%1h95.086−0.869%$8K$7K30xas long as short
Ondo Perps BRENT-USD.P−0.0214%1h95.9200.000%$3.0M$1.1M15xas long as short
RISEx BZ/USDC−0.0075%1h95.913−0.007%$2.2M$1.3M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL−0.0063%1h95.950+0.031%$102K$279K15xas long as short
Hotstuff BRENTOIL-PERP−0.0024%1h95.950+0.031%$33K20xas long as short
BloFin BZ-USDT−0.0022%4h95.930+0.010%$1.5M$95K50xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0016%1h96.050+0.136%$232K$647K15xas long as short
Aster BZUSDT0.0000%4h95.912−0.008%$333K$1.5M50xas long as short
Binance BZUSDTshort0.0000%4h95.922+0.002%$145.5M$479.3M100x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BZUSDTlong0.0000%8h95.920long leg$10.2M$16.6M100x
OKX BZ-USDT-SWAP0.0000%4h95.9200.000%$15.8M$27.5M50xas long as short
Gate BZ_USDT0.0000%8h95.880−0.042%$9.2M$18.0M100xas long as short
Bitget BZUSDT0.0000%4h95.930+0.010%$27.4M$21.9M100xas long as short
Variational Omni BZ0.0000%4h95.913−0.007%$9.2M$8.3Mas long as short
GRVT BZ_USDT_Perp0.0000%4h95.925+0.005%$34K$388K25xas long as short
SunX BRENTOIL-USDT0.0000%4h95.940+0.021%$4K$2.7M20xas long as short
HTX BRENTOIL-USDT0.0000%4h95.890−0.031%$305K$259K75xas long as short
Phemex XBRUSDT0.0000%4h95.890−0.031%$1.2M$100K100xas long as short
edgeX BZUSDC+0.0001%4h95.924+0.004%$220K$234K20xas long as short
Aftermath Perps BRENTUSD+0.0003%1h95.923+0.003%$5K$45K5xas long as short
Paradex BZ-USD-PERP+0.0007%8h95.933+0.013%$3K$5215xas long as short
Lighter BRENTOIL+0.0032%1h95.940+0.021%$3.3M$4.2M20xas long as short
Extended XBR-USD+0.0032%1h95.906−0.015%$670K$5.3M10xas long as short
Vest BZ-PERP+0.0046%1h100.03+4.285%$735K10xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h95.956+0.038%$147.5M$146.9M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h95.985+0.068%$1.5M$529K20xas long as short
KuCoin BZUSDTM+0.0100%4h95.9200.000%$3.7M$1.0M50xas long as short
ApeX Omni BZUSDT+0.0100%1h95.9200.000%$25K$271K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0555%1h95.955+0.036%$81K$240K20xas long as short