Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against GRVT+0.044%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.044%, 7d avg +0.010%

Together, before fees−0.115%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.034% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	97.487	0	get 0.0000% / 4h	2h 31m	$34K	$327K	25x
Short	SunX BRENTOIL-USDT	97.530	0	get 0.0000% / 4h	2h 31m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.010%: $3.42
Slippage, 4 orders: −$44.91
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$58.49
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from GRVT: live order book, 16 min ago; SunX: live order book, 6 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 GRVT live order book, 16 min ago	0.51 bp	6.0 bp −$6	7.7 bp −$77	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	9.24 bp	17.4 bp −$17	26.2 bp −$262	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	96.783	−0.722%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	+0.044%	$235K	$434K	15x	as long as short
BloFin BZ-USDT	−0.0025%	4h	97.510	+0.023%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.515	+0.029%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	+0.013%	$147.7M	$362.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.510	+0.023%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.510	+0.023%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.488	+0.001%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.470	−0.018%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	+0.023%	$28.0M	$16.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.500	+0.013%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perplong	0.0000%	4h	97.487	long leg	$34K	$327K	25x
SunX BRENTOIL-USDTshort	0.0000%	4h	97.530	+0.044%	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	+0.023%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.500	+0.013%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.500	+0.013%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.479	−0.008%	$224K	$229K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.519	+0.033%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.058	+0.586%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.510	+0.023%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0018%	1h	101.58	+4.198%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.500	+0.013%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.517	+0.030%	$680K	$3.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.513	+0.026%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.525	+0.039%	$153.9M	$124.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.562	+0.077%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.470	−0.018%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0052%	1h	97.540	+0.054%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.520	+0.034%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.510	+0.023%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0312% / S −0.2547%	1h	97.515	+0.029%	$115K	—	111x	as long as short