Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: Bitget against Extended+0.006%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.006%, 7d avg +0.030%

Together, before fees−0.009%+ Points / potential airdropExtended: Active · farm board−$1 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 Bitget is 0.024% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.624	0.0032	pay 0.0004% / 1h	18m 09s	$680K	$3.6M	10x
Short	Bitget BZUSDT	97.630	0	get 0.0000% / 4h	2h 18m	$28.0M	$16.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$6.72
Price spread: +0.006% → +0.030%: −$2.41
Slippage, 4 orders: −$8.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.97
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago	2.51 bp	5.3 bp −$5	13.9 bp −$139	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.51 bp	8.4 bp −$8	10.7 bp −$107	27.8 bp −$2,784	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	96.783	−0.862%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.097%	$235K	$430K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.640	+0.016%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.623	−0.001%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.620	−0.004%	$147.7M	$361.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.610	−0.015%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.620	−0.004%	$16.1M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.593	−0.033%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.600	−0.025%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.630	+0.006%	$28.0M	$16.5M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.558	−0.068%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.585	−0.040%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.640	+0.016%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	−0.004%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.600	−0.025%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	−0.015%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.540	−0.086%	$225K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.644	+0.021%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.169	+0.558%	—	—	—	as long as short
Vest BZ-PERP	+0.0016%	1h	101.69	+4.165%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.620	−0.004%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.624	long leg	$680K	$3.6M	10x
BloFin BZ-USDT	+0.0040%	4h	97.620	−0.004%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.631	+0.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.646	+0.022%	$154.3M	$124.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.664	+0.041%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.570	−0.056%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0066%	1h	97.644	+0.020%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.650	+0.026%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.600	−0.025%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0325% / S −0.2698%	1h	97.625	+0.001%	$116K	—	111x	as long as short