Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0017%/8hnext payment −$0.08 per $10,000 · paid last 24h −0.043%

Price spread now: OKX against edgeX+0.049%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.049%, 7d avg +0.020%

Together, before fees−0.076%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.030% dearer against edgeX than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.085% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.083	0.0017	pay 0.0008% / 4h	5m 21s	$220K	$234K	20x
Short	OKX BZ-USDT-SWAP	96.130	0	get 0.0000% / 4h	5m 21s	$15.8M	$30.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$3.5
Price spread: +0.049% → +0.020%: $2.95
Slippage, 4 orders: −$23.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.8
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 min ago; OKX: live order book, 3 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 edgeX live order book, 26 min ago	10.41 bp	14.9 bp −$15	15.9 bp −$159	66.5 bp −$6,645	doesn't fit
Sell OKX live order book, 3 min ago	0.52 bp	5.8 bp −$6	9.5 bp −$95	24.3 bp −$2,429	doesn't fit

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 PERP	−0.0220%	1h	95.342	−0.771%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0191% / S +0.0326%	1h	96.135	+0.054%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	95.990	−0.097%	$230K	$839K	15x	as long as short
BloFin BZ-USDT	−0.0053%	4h	96.080	−0.003%	$1.5M	$96K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	96.150	+0.070%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.151	+0.071%	$333K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.130	+0.049%	$145.2M	$477.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.130	+0.049%	$10.4M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.130	+0.049%	$15.8M	$30.3M	50x
RISEx BZ/USDC	0.0000%	1h	96.127	+0.046%	$2.2M	$1.2M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.090	+0.008%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.140	+0.060%	$27.7M	$23.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.105	+0.023%	$9.5M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.109	+0.028%	$35K	$408K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.130	+0.049%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.160	+0.080%	$103K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.110	+0.028%	$319K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.130	+0.049%	$1.2M	$99K	100x	as long as short
Ondo Perps BRENT-USD.P	+0.0011%	1h	96.110	+0.028%	$3.1M	$1.1M	15x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.879	+0.829%	—	—	—	as long as short
edgeX BZUSDClong	+0.0017%	4h	96.083	long leg	$220K	$234K	20x
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.127	+0.046%	$81K	$262K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.150	+0.070%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.172	+0.093%	$671K	$5.2M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0044%	1h	96.128	+0.047%	$6K	$48K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.23	+4.316%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.148	+0.068%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.165	+0.086%	$149.0M	$144.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.186	+0.107%	$1.5M	$552K	20x	as long as short
KuCoin BZUSDTM	+0.0070%	4h	96.170	+0.091%	$3.7M	$987K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.090	+0.008%	$25K	$270K	50x	as long as short