Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Bybit against OKX0.000%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.323% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.224%−$22 on $10k
Price spread, last 7 days+0.033%+$3 · spread now 0.000%, 7d avg −0.005%
Together, before fees−0.191%−$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BZ-USDT-SWAP95.9200get 0.0000% / 4h1h 27m$15.8M$27.5M50x
ShortBybit BZUSDT95.9200get 0.0000% / 8h1h 27m$10.2M$16.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: 0.000% → −0.005%
$0.47
Slippage, 4 orders
−$11.28
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$31.81
Costs to cover
0.323%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago0.52 bp6.4 bp −$612.2 bp −$12228.4 bp −$2,836doesn't fit
Sell Bybit live order book, 1 min ago0.52 bp10.4 bp −$1017.9 bp −$179110.7 bp −$11.1Kdoesn't fit

BZ on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BRENTOIL/USD [ETH-USDC]L −0.0848% / S +0.0467%1h95.915−0.005%$120K111xas long as short
Injective BRENT/USDC PERP−0.0220%1h95.086−0.869%$8K$7K30xas long as short
Ondo Perps BRENT-USD.P−0.0202%1h95.890−0.031%$3.0M$1.1M15xas long as short
Hotstuff BRENTOIL-PERP−0.0080%1h95.950+0.031%$33K20xas long as short
RISEx BZ/USDC−0.0075%1h95.913−0.007%$2.2M$1.3M20xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0016%1h96.050+0.136%$232K$638K15xas long as short
Aster BZUSDT0.0000%4h95.914−0.007%$333K$1.5M50xas long as short
Binance BZUSDT0.0000%4h95.930+0.010%$145.5M$479.1M100xas long as short
Bybit BZUSDTshort0.0000%8h95.9200.000%$10.2M$16.6M100x
OKX BZ-USDT-SWAPlong0.0000%4h95.920long leg$15.8M$27.5M50x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BZ_USDT0.0000%8h95.890−0.031%$9.2M$18.0M100xas long as short
Bitget BZUSDT0.0000%4h95.930+0.010%$27.4M$21.9M100xas long as short
Variational Omni BZ0.0000%4h95.913−0.007%$9.2M$8.3Mas long as short
GRVT BZ_USDT_Perp0.0000%4h95.936+0.016%$34K$388K25xas long as short
SunX BRENTOIL-USDT0.0000%4h95.940+0.021%$4K$2.7M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h95.960+0.042%$102K$279K15xas long as short
HTX BRENTOIL-USDT0.0000%4h95.890−0.031%$305K$259K75xas long as short
Phemex XBRUSDT0.0000%4h95.900−0.021%$1.2M$100K100xas long as short
edgeX BZUSDC+0.0001%4h95.941+0.021%$220K$232K20xas long as short
Aftermath Perps BRENTUSD+0.0002%1h95.923+0.003%$5K$45K5xas long as short
Paradex BZ-USD-PERP+0.0008%8h95.923+0.003%$3K$5215xas long as short
BloFin BZ-USDT+0.0015%4h95.910−0.010%$1.5M$95K50xas long as short
Lighter BRENTOIL+0.0032%1h95.940+0.021%$3.3M$4.2M20xas long as short
Extended XBR-USD+0.0032%1h95.906−0.014%$670K$5.3M10xas long as short
Vest BZ-PERP+0.0046%1h99.800+4.045%$735K10xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h95.964+0.046%$147.5M$146.9M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h95.981+0.064%$1.5M$529K20xas long as short
KuCoin BZUSDTM+0.0100%4h95.930+0.010%$3.7M$1.0M50xas long as short
ApeX Omni BZUSDT+0.0100%1h95.980+0.063%$25K$271K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0555%1h95.966+0.048%$81K$239K20xas long as short