Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h −0.020%

Price spread now: Extended against OKX+0.038%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.038%, 7d avg −0.016%

Together, before fees+0.058%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.054% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	96.180	0	get 0.0000% / 4h	3h 55m	$15.8M	$25.5M	50x
Short	Extended XBR-USD	96.217	0.0144	get 0.0018% / 1h	55m 45s	$762K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.038%Rate

Funding earned: $30.24
Price spread: +0.038% → −0.016%: $5.43
Slippage, 4 orders: −$16.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.4
Costs to cover: 0.313%
Break-even: 6.0 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.52 bp	7.5 bp −$7	11.6 bp −$116	29.3 bp −$2,925	doesn't fit
Sell Extended live order book, 3 min ago	2.44 bp	11.3 bp −$11	34.6 bp −$346	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.175	−0.005%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.697%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.114%	$232K	$483K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.031%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.180	0.000%	$145.8M	$439.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.180	0.000%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.180	long leg	$15.8M	$25.5M	50x
RISEx BZ/USDC	0.0000%	1h	96.170	−0.010%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.130	−0.052%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.170	−0.010%	$27.6M	$20.1M	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	96.142	−0.039%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.220	+0.042%	$34K	$365K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.180	0.000%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.190	+0.010%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.230	+0.052%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.300	+0.125%	$1.2M	$95K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.249	+0.072%	$220K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.731	+0.573%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.197	+0.018%	$83K	$233K	20x	as long as short
BloFin BZ-USDT	+0.0027%	4h	96.140	−0.042%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	96.185	+0.005%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.27	+4.252%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.205	+0.026%	$151.0M	$144.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.240	+0.062%	$1.5M	$502K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.120	−0.062%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0056%	1h	96.200	+0.021%	$3.4M	$4.2M	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.180	0.000%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.170	−0.010%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.230	+0.052%	$25K	$271K	50x	as long as short
Extended XBR-USDshort	+0.0144%	1h	96.217	+0.038%	$762K	$5.3M	10x
Aftermath Perps BRENTUSD	+0.0645%	1h	96.107	−0.076%	$6K	$44K	5x	as long as short