Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.016%

Price spread now: Binance against Extended−0.012%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.012%, 7d avg +0.038%

Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.050% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.361	0.0032	pay 0.0004% / 1h	42m 54s	$676K	$4.5M	10x
Short	Binance BZUSDT	97.350	0	get 0.0000% / 4h	42m 54s	$147.2M	$371.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: −$6.72
Price spread: −0.012% → +0.038%: −$4.96
Slippage, 4 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.18
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Binance: live order book, 16 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 Extended live order book, 1 min ago	0.98 bp	4.2 bp −$4	12.3 bp −$123	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.51 bp	5.5 bp −$6	6.2 bp −$62	11.4 bp −$1,143	54.1 bp −$27.1K

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	96.376	−1.012%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.125%	$234K	$437K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	97.320	−0.042%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0012%	4h	97.330	−0.032%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.319	−0.044%	$338K	$954K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.350	−0.012%	$147.2M	$371.3M	100x
Bybit BZUSDT	0.0000%	8h	97.320	−0.042%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.320	−0.042%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.326	−0.036%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.280	−0.084%	$9.2M	$12.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.350	−0.012%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.257	−0.107%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.295	−0.068%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	−0.001%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.340	−0.022%	$104K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.200	−0.166%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	−0.032%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.213	−0.152%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.879	+0.532%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.350	−0.012%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.361	long leg	$676K	$4.5M	10x
Vest BZ-PERP	+0.0035%	1h	101.35	+4.097%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.335	−0.027%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.367	+0.006%	$152.7M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.388	+0.027%	$1.6M	$469K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.260	−0.104%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.370	+0.009%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.320	−0.042%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0102%	1h	97.296	−0.067%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.355	−0.006%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0009%	1h	97.335	−0.027%	$126K	—	111x	as long as short