Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.029%

Price spread now: Bitget against tradeXYZ−0.021%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 7 days+0.115%+$11 · spread now −0.021%, 7d avg −0.003%

Together, before fees−0.074%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, 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	95.940	0.0050	pay 0.0006% / 1h	32m 01s	$147.7M	$145.0M	20x
Short	Bitget BZUSDT	95.920	0	get 0.0000% / 4h	3h 32m	$27.6M	$23.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$10.5
Price spread: −0.021% → −0.003%: −$1.79
Slippage, 4 orders: −$5.18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.47
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Bitget: live order book, 2 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, 11 min ago	0.21 bp	9.6 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.52 bp	7.9 bp −$8	10.1 bp −$101	23.3 bp −$2,327	61.5 bp −$30.8K

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0354% / S +0.0368%	1h	95.915	−0.026%	$114K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.293	−0.674%	$10K	$4K	30x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0130%	1h	95.968	+0.029%	$81K	$262K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0128%	1h	95.990	+0.052%	$230K	$839K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0002%	1h	95.900	−0.042%	$3.1M	$1.1M	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.933	−0.008%	$332K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.920	−0.021%	$145.7M	$480.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.910	−0.031%	$10.3M	$16.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.910	−0.031%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.928	−0.012%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	0.0000%	1h	95.960	+0.021%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.880	−0.063%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	95.920	−0.021%	$27.6M	$23.2M	100x
Variational Omni BZ	0.0000%	4h	95.916	−0.025%	$9.5M	$11.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.896	−0.045%	$26K	$410K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.940	0.000%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.930	−0.010%	$102K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.820	−0.125%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	−0.031%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	95.917	−0.024%	$219K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.622	+0.711%	—	—	—	as long as short
BloFin BZ-USDT	+0.0029%	4h	95.890	−0.052%	$1.5M	$97K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.920	−0.021%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.930	−0.010%	$670K	$5.3M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0045%	1h	95.958	+0.019%	$6K	$47K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.01	+4.242%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	95.931	−0.010%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	95.940	long leg	$147.7M	$145.0M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.988	+0.050%	$1.5M	$545K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.970	+0.031%	$3.7M	$992K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.880	−0.063%	$25K	$270K	50x	as long as short