Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.006%
Price spread now: Kraken Futures against Extended−0.024%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Long on ExtendedShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.869%−$87 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.024%, 7d avg −0.002%
Together, before fees−0.937%+ Points / potential airdropExtended: Active · farm board−$94 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.022% cheaper against Extended than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of −0.002%). If the spread goes back, that is −$2 on $10k: about 22 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.869%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XBR-USD97.5030.0032pay 0.0004% / 1h8m 08s$737K$2.9M10x
ShortKraken Futures PF_BRENTOILUSD97.4800.0113get 0.0014% / 1h8m 08s$82K$200K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$16.97
Price spread: −0.024% → −0.002%
−$2.2
Slippage, 4 orders
−$23.38
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$23.61
Costs to cover
0.384%
Break-even
16.7 days
Slippage from Extended: live order book, 6 min ago; Kraken Futures: live order book, 29 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 Extended live order book, 6 min ago0.88 bp3.6 bp −$411.3 bp −$113doesn't fitdoesn't fit
Sell Kraken Futures live order book, 29 min ago5.44 bp19.4 bp −$1936.1 bp −$361doesn't fitdoesn't fit

BZ on 31 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
Deribit BRENTOIL_USDC-PERPETUAL−0.0263%1h97.460−0.044%$100K$256K15xas long as short
Injective BRENT/USDC PERP−0.0220%1h96.342−1.191%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0056%1h97.480−0.024%$237K$402K15xas long as short
Ondo Perps BRENT-USD.P−0.0014%1h97.360−0.147%$3.1M$1.0M15xas long as short
Aster BZUSDT0.0000%4h97.470−0.034%$339K$860K50xas long as short
Binance BZUSDT0.0000%4h97.466−0.038%$148.7M$351.1M100xas long as short
Bybit BZUSDT0.0000%8h97.440−0.065%$10.3M$13.3M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.430−0.075%$16.1M$19.6M50xas long as short
RISEx BZ/USDC0.0000%1h97.398−0.108%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.410−0.096%$9.2M$11.2M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDT0.0000%4h97.470−0.034%$28.0M$18.5M100xas long as short
Variational Omni BZ0.0000%4h97.183−0.329%$9.4M$6.1M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.187−0.324%$14K$332K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.430−0.075%$4K$2.4M20xas long as short
HTX BRENTOIL-USDT0.0000%4h97.430−0.075%$280K$254K75xas long as short
Phemex XBRUSDT0.0000%4h97.450−0.055%$1.2M$86K100xas long as short
Vest BZ-PERP+0.0010%1h101.48+4.079%—$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.043+0.554%———as long as short
edgeX BZUSDC+0.0020%4h97.166−0.346%$223K$228K20xas long as short
BloFin BZ-USDT+0.0022%4h97.410−0.096%$1.5M$99K50xas long as short
Lighter BRENTOIL+0.0032%1h97.460−0.044%$3.3M$4.0M20xas long as short
Extended XBR-USDlong+0.0032%1h97.503long leg$737K$2.9M10x
Paradex BZ-USD-PERP+0.0050%8h97.421−0.085%$2K$1K5xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.474−0.030%$155.8M$114.8M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.496−0.007%$1.6M$398K20xas long as short
Aftermath Perps BRENTUSD+0.0082%1h97.226−0.285%$7K$40K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.450−0.055%$3.8M$801K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.230−0.280%$25K$273K50xas long as short
Kraken Futures PF_BRENTOILUSDshort+0.0113%1h97.480−0.024%$82K$200K20x
Hotstuff BRENTOIL-PERP+0.0120%1h97.430−0.075%$34K—20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0329% / S −0.2771%1h97.455−0.049%$116K—111xas long as short