Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Bybit+0.010%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.010%, 7d avg +0.019%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.770	0	get 0.0000% / 8h	6h 26m	$10.3M	$14.0M	100x
Short	Bitget BZUSDT	96.780	0	get 0.0000% / 4h	2h 26m	$27.6M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.019%: −$0.86
Slippage, 4 orders: −$8.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.74
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 min ago.

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 Bybit live order book, 2 min ago	0.52 bp	7.9 bp −$8	10.5 bp −$105	93.8 bp −$9,380	doesn't fit
Sell Bitget live order book, 2 min ago	0.52 bp	7.6 bp −$8	10.6 bp −$106	25.3 bp −$2,529	67.1 bp −$33.6K

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.070	−0.723%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	+0.041%	$234K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.804	+0.035%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.770	0.000%	$146.2M	$381.9M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	96.770	long leg	$10.3M	$14.0M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	96.770	0.000%	$15.9M	$22.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.782	+0.013%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.740	−0.031%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	96.780	+0.010%	$27.6M	$16.3M	100x
Variational Omni BZ	0.0000%	4h	96.810	+0.041%	$9.3M	$7.2M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.802	+0.033%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.810	+0.041%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.800	+0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.770	0.000%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.780	+0.010%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.790	+0.020%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.325	+0.574%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.790	+0.021%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.788	+0.019%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.82	+4.185%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.785	+0.016%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.815	+0.047%	$151.6M	$129.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.847	+0.080%	$1.5M	$471K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.740	−0.031%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.860	+0.093%	$3.8M	$889K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.820	+0.052%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	96.820	+0.052%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0093%	1h	96.785	+0.016%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.806	+0.037%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0259%	1h	96.814	+0.045%	$7K	$44K	5x	as long as short