Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: tradeXYZ against KuCoin−0.015%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.015%, 7d avg +0.008%

Together, before fees−0.045%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.370	0.0100	pay 0.0050% / 4h	3m 52s	$3.8M	$800K	50x
Short	tradeXYZ xyz:BRENTOIL	97.355	0.0050	get 0.0006% / 1h	3m 52s	$155.4M	$115.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$10.5
Price spread: −0.015% → +0.008%: −$2.35
Slippage, 4 orders: −$10.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$53.61
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; tradeXYZ: 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 KuCoin live order book, 4 min ago	0.51 bp	13.5 bp −$13	35.5 bp −$355	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.36 bp	9.4 bp −$9	10.0 bp −$100	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0264%	1h	97.300	−0.072%	$100K	$256K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.056%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.113%	$237K	$402K	15x	as long as short
BloFin BZ-USDT	−0.0035%	4h	97.360	−0.010%	$1.5M	$99K	50x	as long as short
Ondo Perps BRENT-USD.P	−0.0016%	1h	97.350	−0.021%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.376	+0.006%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.330	−0.041%	$148.2M	$351.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.330	−0.041%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.320	−0.051%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.319	−0.053%	$2.4M	$1.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.290	−0.082%	$9.2M	$11.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.350	−0.021%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.402	+0.033%	$9.5M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.430	+0.062%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	−0.010%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.290	−0.082%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.400	+0.031%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.432	+0.064%	$224K	$229K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.40	+4.139%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.903	+0.548%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.290	−0.082%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.379	+0.009%	$743K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.367	−0.003%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.355	−0.015%	$155.4M	$115.3M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.392	+0.023%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0076%	1h	97.344	−0.027%	$7K	$40K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.370	long leg	$3.8M	$800K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.450	+0.082%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.329	−0.042%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	97.440	+0.072%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.325	−0.046%	$115K	—	111x	as long as short