Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h +0.024%

Price spread now: Binance against Deribit+0.032%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.428%+$43 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.032%, 7d avg +0.020%

Together, before fees+0.451%+$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	94.310	−0.0386	get 0.0048% / 1h	29m 16s	$34K	$382K	15x
Short	Binance BZUSDT	94.340	−0.0028	pay 0.0014% / 4h	1h 29m	$145.0M	$468.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: $75.05
Price spread: +0.032% → +0.020%: $1.16
Slippage, 4 orders: −$5.74
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $53.46
Costs to cover: 0.227%
Break-even: 2.0 days

Slippage from Deribit: live order book, 17 min ago; Binance: live order book, 8 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 Deribit live order book, 17 min ago	0.53 bp	5.1 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.53 bp	6.0 bp −$6	6.6 bp −$66	11.8 bp −$1,176	45.6 bp −$22.8K

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.490	+0.191%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	−0.0386%	1h	94.310	long leg	$34K	$382K	15x
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.318	+0.008%	$103K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.418	+0.114%	$1.9M	$2.3M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.558%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.390	+0.085%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0069%	8h	94.340	+0.032%	$10.8M	$16.9M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0040%	4h	94.448	+0.147%	$13K	$299K	25x	as long as short
BloFin BZ-USDT	−0.0039%	4h	94.340	+0.032%	$1.5M	$114K	50x	as long as short
Binance BZUSDTshort	−0.0028%	4h	94.340	+0.032%	$145.0M	$468.5M	100x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0028%	4h	94.444	+0.142%	$217K	$232K	20x	as long as short
Aster BZUSDT	0.0000%	4h	94.350	+0.042%	$323K	$795K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.350	+0.042%	$15.8M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.280	−0.032%	$8.8M	$13.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.360	+0.053%	$27.4M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.373	+0.067%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.330	+0.021%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.330	+0.021%	$242K	$315K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.410	+0.106%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.964	+0.693%	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0018%	1h	94.385	+0.080%	$7K	$37K	5x	as long as short
Vest BZ-PERP	+0.0018%	1h	98.000	+3.913%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.320	+0.011%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.349	+0.041%	$761K	$3.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0033%	8h	94.362	+0.055%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.343	+0.035%	$139.1M	$188.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.339	+0.031%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.330	+0.021%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.290	−0.021%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.440	+0.138%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.325	+0.016%	$32K	—	111x	as long as short