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 +0.027%
Price spread now: Bybit against Deribit−0.021%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.339% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.287%+$29 on $10k
Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.021%, 7d avg −0.003%
Together, before fees+0.359%+$36 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BRENTOIL_USDC-PERPETUAL96.0000get 0.0000% / 1h49m 12s$102K$279K15x
ShortBybit BZUSDT95.9800get 0.0000% / 8h49m 12s$10.4M$16.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.021% → −0.003%
−$1.75
Slippage, 4 orders
−$15.92
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$35.67
Costs to cover
0.339%
Break-even
never at this rate
Slippage from Deribit: live order book, 29 min ago; Bybit: live order book, 4 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 Deribit live order book, 29 min ago0.52 bp4.0 bp −$44.8 bp −$48doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.52 bp9.1 bp −$918.2 bp −$182112.6 bp −$11.3Kdoesn't fit

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%1h95.965−0.036%$120K111xas long as short
Injective BRENT/USDC PERP−0.0220%1h95.369−0.657%$8K$7K30xas long as short
tradeXYZ xyz:BRENTOIL−0.0127%1h96.016+0.017%$147.6M$143.7M20xas long as short
BloFin BZ-USDT−0.0051%4h95.960−0.042%$1.5M$95K50xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0040%1h96.060+0.063%$232K$577K15xas long as short
RISEx BZ/USDC−0.0020%1h95.969−0.032%$2.2M$1.3M20xas long as short
Aster BZUSDT0.0000%4h96.101+0.105%$334K$1.4M50xas long as short
Binance BZUSDT0.0000%4h95.961−0.040%$145.7M$470.3M100xas long as short
Bybit BZUSDTshort0.0000%8h95.980−0.021%$10.4M$16.0M100x
OKX BZ-USDT-SWAP0.0000%4h95.960−0.042%$15.8M$26.9M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BZ_USDT0.0000%8h95.930−0.073%$9.2M$16.3M100xas long as short
Bitget BZUSDT0.0000%4h95.970−0.031%$27.4M$21.1M100xas long as short
Variational Omni BZ0.0000%4h95.963−0.039%$9.3M$8.2Mas long as short
GRVT BZ_USDT_Perp0.0000%4h95.980−0.021%$34K$375K25xas long as short
SunX BRENTOIL-USDT0.0000%4h95.980−0.021%$4K$2.7M20xas long as short
Deribit BRENTOIL_USDC-PERPETUALlong0.0000%1h96.000long leg$102K$279K15x
HTX BRENTOIL-USDT0.0000%4h95.940−0.062%$305K$249K75xas long as short
Phemex XBRUSDT0.0000%4h95.960−0.042%$1.2M$96K100xas long as short
edgeX BZUSDC+0.0006%4h95.963−0.038%$220K$233K20xas long as short
Hotstuff BRENTOIL-PERP+0.0016%1h96.040+0.042%$33K20xas long as short
Paradex BZ-USD-PERP+0.0017%8h95.964−0.038%$3K$5215xas long as short
Aftermath Perps BRENTUSD+0.0028%1h96.054+0.056%$6K$45K5xas long as short
Lighter BRENTOIL+0.0032%1h96.010+0.010%$3.3M$4.3M20xas long as short
Vest BZ-PERP+0.0046%1h99.760+3.917%$735K10xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h96.056+0.058%$1.5M$529K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h95.940−0.062%$3.0M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h95.980−0.021%$3.7M$991K50xas long as short
ApeX Omni BZUSDT+0.0100%1h95.970−0.031%$25K$271K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0113%1h96.008+0.008%$81K$235K20xas long as short
Extended XBR-USD+0.0248%1h96.008+0.008%$670K$5.2M10xas long as short