Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h −0.067%

Price spread now: Injective against edgeX−0.954%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.954% cheaper against edgeX than usual: you would sell low and buy high (−$95 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	97.270	0.0009	pay 0.0005% / 4h	3h 46m	$223K	$229K	20x
Short	Injective BRENT/USDC PERP	96.342	−0.0220	pay 0.0028% / 1h	46m 16s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now −0.954%Rate

Funding earned: −$48.12
Price spread: −0.954% → 0.000%: −$95.43
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$152.57
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 51 min ago; Injective: no order-book sample. Net counts fees only.

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 edgeX live order book, 51 min ago	10.27 bp	14.8 bp −$15	15.6 bp −$156	59.8 bp −$5,978	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 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 PERPshort	−0.0220%	1h	96.342	−0.954%	$8K	$7K	30x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.360	+0.092%	$100K	$259K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0067%	1h	97.240	−0.031%	$3.1M	$990K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.216%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.345	+0.077%	$2.4M	$1.7M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0034%	4h	97.302	+0.033%	$14K	$332K	25x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.320	+0.051%	$34K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.363	+0.095%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.353	+0.085%	$339K	$761K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.360	+0.092%	$148.8M	$352.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	97.340	+0.072%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.340	+0.072%	$16.1M	$19.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.310	+0.041%	$9.2M	$10.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.350	+0.082%	$27.9M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.269	−0.001%	$9.4M	$6.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.370	+0.103%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	0.000%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.470	+0.205%	$1.2M	$85K	100x	as long as short
edgeX BZUSDClong	+0.0009%	4h	97.270	long leg	$223K	$229K	20x
Vest BZ-PERP	+0.0010%	1h	101.33	+4.174%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.912	+0.660%	—	—	—	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.270	0.000%	$1.5M	$99K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.340	+0.072%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.385	+0.118%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.359	+0.092%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.396	+0.129%	$155.4M	$115.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.365	+0.097%	$1.6M	$370K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0074%	1h	97.328	+0.059%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.340	+0.072%	$3.8M	$798K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.330	+0.061%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.375	+0.108%	$116K	—	111x	as long as short