Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−0.051%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.051%, 7d avg −0.007%

Together, before fees+0.196%+$20 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: Bitget is 0.045% 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 −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	97.150	0	get 0.0000% / 4h	3h 58m	$4K	$2.5M	20x
Short	Bitget BZUSDT	97.100	0	get 0.0000% / 4h	3h 58m	$27.7M	$16.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.007%: −$4.46
Slippage, 4 orders: −$44.03
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.49
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Bitget: live order book, 5 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, 8 min ago	18.56 bp	22.6 bp −$23	30.6 bp −$306	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.03 bp	7.6 bp −$8	9.1 bp −$91	18.3 bp −$1,831	48.5 bp −$24.2K

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	96.433	−0.738%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.103%	$233K	$438K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.098	−0.054%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.110	−0.041%	$147.0M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.080	−0.072%	$10.4M	$12.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.110	−0.041%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.094	−0.058%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.120	−0.031%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.060	−0.093%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.100	−0.051%	$27.7M	$16.6M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.028	−0.126%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.050	−0.103%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.150	long leg	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.140	−0.010%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.020	−0.134%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.220	+0.072%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	97.110	−0.041%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.677	+0.542%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.030	−0.123%	$223K	$228K	20x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.15	+4.117%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.120	−0.031%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.110	−0.041%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.102	−0.049%	$3K	$336	5x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.191	+0.042%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.060	−0.093%	$3.1M	$1.1M	15x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0052%	1h	97.136	−0.014%	$153.2M	$126.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.131	−0.020%	$84K	$206K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.150	0.000%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.040	−0.113%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.068	−0.084%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0222% / S −0.0218%	1h	97.135	−0.015%	$126K	—	111x	as long as short