Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against SunX+0.058%7-day average +0.059% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.058%, 7d avg +0.059%

Together, before fees+0.132%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	97.650	0	get 0.0000% / 4h	2h 25m	$4K	$2.4M	20x
Short	tradeXYZ xyz:BRENTOIL	97.707	0.0050	get 0.0006% / 1h	25m 30s	$154.3M	$124.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.058%Rate

Funding earned: $10.5
Price spread: +0.058% → +0.059%: −$0.08
Slippage, 4 orders: −$42.8
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$58.39
Costs to cover: 0.688%
Break-even: 45.9 days

Slippage from SunX: live order book, 2 min ago; tradeXYZ: live order book, 4 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, 2 min ago	18.43 bp	22.4 bp −$22	30.5 bp −$305	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.51 bp	9.5 bp −$10	10.2 bp −$102	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	96.783	−0.888%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.123%	$235K	$434K	15x	as long as short
BloFin BZ-USDT	−0.0015%	4h	97.620	−0.031%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.692	+0.043%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.690	+0.041%	$147.9M	$361.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.680	+0.031%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.680	+0.031%	$16.1M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.668	+0.018%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.650	0.000%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.700	+0.051%	$28.0M	$16.5M	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	97.619	−0.032%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.601	−0.050%	$34K	$309K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.650	long leg	$4K	$2.4M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.630	−0.020%	$101K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.590	−0.061%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.620	−0.031%	$1.2M	$83K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.644	−0.006%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.174	+0.536%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.644	−0.006%	$225K	$227K	20x	as long as short
Vest BZ-PERP	+0.0017%	1h	101.69	+4.137%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.690	+0.041%	$3.3M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.666	+0.016%	$680K	$3.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.683	+0.034%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.707	+0.058%	$154.3M	$124.5M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.674	+0.025%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.600	−0.051%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0059%	1h	97.607	−0.044%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.630	−0.020%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.710	+0.061%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.620	−0.031%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0318% / S −0.2532%	1h	97.625	−0.026%	$116K	—	111x	as long as short