Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Extended+0.026%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.026%, 7d avg +0.026%

Together, before fees+0.118%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	96.705	0.0032	pay 0.0004% / 1h	4m 58s	$722K	$5.3M	10x
Short	KuCoin BZUSDTM	96.730	0.0100	get 0.0050% / 4h	3h 04m	$3.8M	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $14.28
Price spread: +0.026% → +0.026%: −$0.1
Slippage, 4 orders: −$14.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.42
Costs to cover: 0.316%
Break-even: 15.5 days

Slippage from Extended: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	0.05 bp	3.6 bp −$4	13.8 bp −$138	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.52 bp	15.8 bp −$16	40.2 bp −$402	doesn't fit	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	95.731	−1.008%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.057%	$234K	$440K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.740	+0.036%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.720	+0.015%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.698	−0.007%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.710	+0.005%	$145.8M	$403.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.690	−0.016%	$10.4M	$15.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.680	−0.026%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.712	+0.007%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.660	−0.047%	$9.2M	$14.4M	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	96.710	+0.005%	$27.6M	$17.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.687	−0.019%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.668	−0.038%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.710	+0.005%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	+0.005%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.570	−0.140%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	−0.006%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.217	+0.529%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	96.613	−0.095%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.729	+0.024%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.710	+0.005%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	96.705	long leg	$722K	$5.3M	10x
Ondo Perps BRENT-USD.P	+0.0042%	1h	96.680	−0.026%	$3.1M	$1.1M	15x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.74	+4.172%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	+0.004%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.731	+0.027%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.750	+0.046%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	96.730	+0.026%	$3.8M	$930K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.630	−0.078%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S +0.0125%	1h	96.695	−0.011%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0339%	1h	96.675	−0.031%	$7K	$45K	5x	as long as short