Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: KuCoin against tradeXYZ+0.023%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$410.407% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.023%, 7d avg −0.010%

Together, before fees−0.001%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.033% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	96.928	0.0050	pay 0.0006% / 1h	24m 21s	$151.8M	$125.1M	20x
Short	KuCoin BZUSDTM	96.950	0.0100	get 0.0050% / 4h	1h 24m	$3.8M	$870K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $10.5
Price spread: +0.023% → −0.010%: $3.25
Slippage, 4 orders: −$10.68
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.93
Costs to cover: 0.407%
Break-even: 25.0 days

Slippage from tradeXYZ: live order book, 4 min ago; KuCoin: 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, 4 min ago	0.21 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.51 bp	13.9 bp −$14	41.5 bp −$415	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	96.164	−0.788%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.029%	$233K	$431K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	96.910	−0.019%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.894	−0.035%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.930	+0.002%	$146.8M	$373.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.910	−0.019%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	−0.029%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.900	−0.029%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.890	−0.039%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.930	+0.002%	$27.4M	$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	96.955	+0.028%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.959	+0.032%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.000	+0.074%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	+0.064%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.008%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.990	+0.064%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.479	+0.569%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	96.953	+0.026%	$222K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0024%	4h	96.980	+0.054%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.900	−0.029%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.912	−0.016%	$676K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	100.96	+4.160%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.905	−0.024%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	96.928	long leg	$151.8M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.960	+0.033%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	+0.002%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	96.950	+0.023%	$3.8M	$870K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.000	+0.074%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0162%	1h	96.951	+0.024%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0040%	1h	96.935	+0.007%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.011	+0.086%	$84K	$218K	20x	as long as short