Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.061%

Price spread now: edgeX against Bybit−0.068%51s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.509% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.325%+$32 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.068%, 7d avg −0.025%

Together, before fees+0.397%+ Points / potential airdropedgeX: Active · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.043% cheaper against Bybit than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.025%). If the spread goes back, that is −$4 on $10k: about 12 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.325% in total) that is about 22 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	95.960	0	get 0.0000% / 8h	2h 06m	$10.2M	$17.2M	100x
Short	edgeX BZUSDC	95.895	0.0012	get 0.0006% / 4h	2h 06m	$219K	$233K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $2.49
Price spread: −0.068% → −0.025%: −$4.26
Slippage, 4 orders: −$30.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$52.69
Costs to cover: 0.509%
Break-even: 155.3 days

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 15 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	11.6 bp −$12	12.6 bp −$126	117.2 bp −$11.7K	doesn't fit
Sell edgeX live order book, 15 min ago	9.90 bp	14.5 bp −$15	17.0 bp −$170	70.8 bp −$7,082	doesn't fit

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 −0.0755% / S +0.0473%	1h	95.905	−0.057%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	−0.039%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.094%	$232K	$859K	15x	as long as short
Paradex BZ-USD-PERP	−0.0006%	8h	95.919	−0.042%	$3K	$521	5x	as long as short
BloFin BZ-USDT	−0.0003%	4h	95.890	−0.073%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.948	−0.012%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.960	0.000%	$145.7M	$491.3M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	95.960	long leg	$10.2M	$17.2M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	95.940	−0.021%	$15.8M	$29.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.897	−0.065%	$2.2M	$1.3M	20x	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	95.900	−0.063%	$9.2M	$19.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.950	−0.010%	$27.5M	$24.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	−0.049%	$9.5M	$10.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.894	−0.069%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.930	−0.031%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.980	+0.021%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	−0.094%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.950	−0.010%	$1.2M	$101K	100x	as long as short
edgeX BZUSDCshort	+0.0012%	4h	95.895	−0.068%	$219K	$233K	20x
Extended XBR-USD	+0.0032%	1h	95.970	+0.010%	$669K	$5.2M	10x	as long as short
Lighter BRENTOIL	+0.0040%	1h	95.980	+0.021%	$3.3M	$4.5M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.262%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.993	+0.034%	$147.9M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.976	+0.017%	$1.5M	$540K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.880	−0.083%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.880	−0.083%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.890	−0.073%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.947	−0.013%	$81K	$258K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0212%	1h	95.922	−0.040%	$6K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0312%	1h	95.930	−0.031%	$33K	—	20x	as long as short