Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.021%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.021%, 7d avg +0.012%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.280	0	get 0.0000% / 4h	3h 53m	$16.1M	$19.8M	50x
Short	Bitget BZUSDT	97.300	0	get 0.0000% / 4h	3h 53m	$28.0M	$18.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.012%: $0.9
Slippage, 4 orders: −$6.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.71
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: 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 OKX live order book, 5 min ago	0.51 bp	5.7 bp −$6	10.3 bp −$103	33.0 bp −$3,305	doesn't fit
Sell Bitget live order book, 6 min ago	0.51 bp	7.2 bp −$7	9.6 bp −$96	35.4 bp −$3,537	104.6 bp −$52.3K

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	96.342	−0.964%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.290	+0.010%	$100K	$258K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0116%	4h	97.241	−0.040%	$14K	$332K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0073%	1h	97.140	−0.144%	$3.1M	$990K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.206%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.200	−0.083%	$2.4M	$1.7M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.255	−0.026%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.342	+0.063%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.293	+0.014%	$148.4M	$352.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.280	0.000%	$10.3M	$13.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.280	long leg	$16.1M	$19.8M	50x
Gate BZ_USDT	0.0000%	8h	97.220	−0.062%	$9.2M	$10.3M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.300	+0.021%	$28.0M	$18.7M	100x
Variational Omni BZ	0.0000%	4h	97.279	−0.001%	$9.4M	$6.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.220	−0.062%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	−0.010%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.113%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.240	−0.041%	$223K	$229K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.23	+4.060%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.767	+0.501%	—	—	—	as long as short
BloFin BZ-USDT	+0.0022%	4h	97.240	−0.041%	$1.5M	$99K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	97.220	−0.062%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.290	+0.010%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.323	+0.044%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.212	−0.070%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.283	+0.003%	$155.3M	$115.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.240	−0.041%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0079%	1h	97.335	+0.057%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.220	−0.062%	$3.8M	$799K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.200	−0.082%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.285	+0.005%	$115K	—	111x	as long as short