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: Extended against KuCoin−0.038%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

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

Long on KuCoin Short on Extended

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+0.074%+$7 · spread now −0.038%, 7d avg −0.026%

Together, before fees−0.106%+ Points / potential airdropExtended: Active · farm board−$11 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	KuCoin BZUSDTM	96.730	0.0100	pay 0.0050% / 4h	3h 05m	$3.8M	$930K	50x
Short	Extended XBR-USD	96.693	0.0032	get 0.0004% / 1h	5m 08s	$722K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$14.28
Price spread: −0.038% → −0.026%: −$1.16
Slippage, 4 orders: −$14.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$47.04
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 4 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 KuCoin live order book, 2 min ago	0.52 bp	9.6 bp −$10	37.1 bp −$371	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.05 bp	2.6 bp −$3	14.6 bp −$146	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	−1.033%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.083%	$234K	$440K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.740	+0.010%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.720	−0.010%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.698	−0.033%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.700	−0.031%	$145.8M	$403.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.690	−0.041%	$10.4M	$15.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.680	−0.052%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.712	−0.019%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.660	−0.072%	$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	−0.021%	$27.6M	$17.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.687	−0.044%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.668	−0.064%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.710	−0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	−0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.570	−0.165%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	−0.031%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.217	+0.503%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	96.613	−0.121%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.729	−0.001%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.710	−0.021%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	96.693	−0.038%	$722K	$5.3M	10x
Ondo Perps BRENT-USD.P	+0.0042%	1h	96.680	−0.052%	$3.1M	$1.1M	15x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.74	+4.146%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	−0.022%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.731	+0.001%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.750	+0.021%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	96.730	long leg	$3.8M	$930K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.630	−0.103%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S +0.0125%	1h	96.695	−0.036%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0339%	1h	96.675	−0.057%	$7K	$45K	5x	as long as short