Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.017%

Price spread now: BloFin against tradeXYZ−0.104%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.104%, 7d avg −0.090%

Together, before fees−0.098%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: −$1 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	96.600	0.0050	pay 0.0006% / 1h	23m 07s	$151.5M	$139.7M	20x
Short	BloFin BZ-USDT	96.500	0.0014	get 0.0007% / 4h	3h 23m	$1.5M	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$7.51
Price spread: −0.104% → −0.090%: −$1.39
Slippage, 4 orders: −$3.31
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.21
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; BloFin: 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 tradeXYZ live order book, 7 min ago	0.31 bp	9.7 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.52 bp	7.0 bp −$7	10.9 bp −$109	21.9 bp −$2,189	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	95.669	−0.964%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.549%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.565	−0.036%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.569	−0.032%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.577	−0.024%	$145.7M	$422.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.570	−0.031%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.580	−0.021%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.534	−0.069%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.520	−0.083%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.580	−0.021%	$27.6M	$19.3M	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	96.459	−0.146%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.503	−0.100%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.560	−0.041%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.590	−0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.114%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.570	−0.031%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.107	+0.525%	—	—	—	as long as short
BloFin BZ-USDTshort	+0.0014%	4h	96.500	−0.104%	$1.5M	$95K	50x
edgeX BZUSDC	+0.0017%	4h	96.499	−0.105%	$221K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.576	−0.025%	$83K	$235K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.560	−0.041%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.580	−0.021%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.572	−0.029%	$746K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0033%	1h	96.460	−0.145%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.533	−0.069%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.60	+4.141%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	96.600	long leg	$151.5M	$139.7M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.590	−0.010%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.600	0.000%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.104%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0406%	1h	96.525	−0.078%	$7K	$45K	5x	as long as short