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 −0.017%

Price spread now: Binance against tradeXYZ−0.015%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.015%, 7d avg 0.000%

Together, before fees−0.063%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, 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	tradeXYZ xyz:BRENTOIL	97.718	0.0050	pay 0.0006% / 1h	11m 00s	$154.5M	$124.2M	20x
Short	Binance BZUSDT	97.703	0	get 0.0000% / 4h	2h 11m	$147.8M	$360.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now −0.015%Rate

Funding earned: −$10.5
Price spread: −0.015% → 0.000%: −$1.55
Slippage, 4 orders: −$2.15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.2
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.20 bp	9.3 bp −$9	10.2 bp −$102	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.51 bp	5.5 bp −$6	5.9 bp −$59	11.9 bp −$1,193	34.9 bp −$17.4K

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.939	−0.797%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.192%	$235K	$430K	15x	as long as short
BloFin BZ-USDT	−0.0041%	4h	97.680	−0.039%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.712	−0.006%	$340K	$930K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.703	−0.015%	$147.8M	$360.4M	100x
Bybit BZUSDT	0.0000%	8h	97.690	−0.029%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.700	−0.018%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.670	−0.049%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.670	−0.049%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.700	−0.018%	$27.8M	$17.3M	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	97.609	−0.112%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.656	−0.064%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.700	−0.018%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.690	−0.029%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.660	−0.059%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.640	−0.080%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	97.667	−0.053%	$225K	$227K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.687	−0.031%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.237	+0.531%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	101.74	+4.116%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.710	−0.008%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.700	−0.018%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.712	−0.006%	$680K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.679	−0.040%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.718	long leg	$154.5M	$124.2M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.730	+0.012%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.610	−0.111%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0071%	1h	97.687	−0.032%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.710	−0.008%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.710	−0.008%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.685	−0.034%	$116K	—	111x	as long as short