Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against SunX−0.058%74s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.698% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.058%, 7d avg −0.008%

Together, before fees+0.230%+ Points / potential airdropGRVT: Active · farm board+$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: GRVT is 0.050% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.008%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

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	43m 59s	$4K	$2.5M	20x
Short	GRVT BZ_USDT_Perp	97.264	0	get 0.0000% / 4h	43m 59s	$28K	$352K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.008%: −$4.98
Slippage, 4 orders: −$52.83
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$74.81
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; GRVT: live order book, 14 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, 3 min ago	18.51 bp	22.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 14 min ago	0.51 bp	5.0 bp −$5	11.7 bp −$117	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.376	−0.970%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.082%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0049%	4h	97.260	−0.062%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.291	−0.029%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.340	+0.021%	$147.2M	$371.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.310	−0.010%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.310	−0.010%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.289	−0.032%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.260	−0.062%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.340	+0.021%	$27.5M	$16.3M	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	97.257	−0.065%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perpshort	0.0000%	4h	97.264	−0.058%	$28K	$352K	25x
SunX BRENTOIL-USDTlong	0.0000%	4h	97.320	long leg	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.320	0.000%	$104K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.200	−0.123%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	−0.031%	$1.2M	$84K	100x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	97.320	0.000%	$34K	—	20x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.213	−0.110%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.856	+0.551%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.320	0.000%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.352	+0.033%	$676K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0036%	1h	101.32	+4.110%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.293	−0.028%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.345	+0.026%	$152.7M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.344	+0.025%	$1.6M	$469K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.250	−0.072%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.340	+0.021%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.260	−0.062%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.290	−0.031%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.318	−0.002%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0189% / S +0.0009%	1h	97.305	−0.015%	$126K	—	111x	as long as short