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 −0.002%

Price spread now: Binance against SunX−0.031%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.185%+$18 · spread now −0.031%, 7d avg +0.013%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.044% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	97.320	0	get 0.0000% / 4h	3h 55m	$4K	$2.4M	20x
Short	Binance BZUSDT	97.290	0	get 0.0000% / 4h	3h 55m	$148.4M	$353.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → +0.013%: −$4.39
Slippage, 4 orders: −$41.85
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.23
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Binance: 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 SunX live order book, 11 min ago	18.47 bp	22.5 bp −$22	30.5 bp −$305	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.51 bp	5.5 bp −$6	6.4 bp −$64	13.1 bp −$1,312	58.7 bp −$29.4K

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	97.290	−0.031%	$100K	$258K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.005%	$8K	$7K	30x	as long as short
BloFin BZ-USDT	−0.0059%	4h	97.380	+0.062%	$1.5M	$99K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.164%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0050%	1h	97.240	−0.082%	$3.1M	$996K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.278	−0.043%	$2.4M	$1.7M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.284	−0.037%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.326	+0.006%	$338K	$860K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.290	−0.031%	$148.4M	$353.4M	100x
Bybit BZUSDT	0.0000%	8h	97.280	−0.041%	$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-SWAP	0.0000%	4h	97.240	−0.082%	$16.0M	$19.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.230	−0.092%	$9.2M	$10.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.290	−0.031%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.279	−0.042%	$9.4M	$6.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.500	+0.185%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.320	long leg	$4K	$2.4M	20x
HTX BRENTOIL-USDT	0.0000%	4h	97.270	−0.051%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.360	+0.041%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.30	+4.090%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.858	+0.552%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.484	+0.169%	$224K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.290	−0.031%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.316	−0.004%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.313	−0.007%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.317	−0.003%	$155.4M	$115.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.335	+0.015%	$1.6M	$395K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.430	+0.113%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.394	+0.076%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.280	−0.041%	$3.8M	$799K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.500	+0.185%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.295	−0.026%	$115K	—	111x	as long as short