Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Extended against Binance+0.079%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

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

costs, in and out, $10k−$190.186% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.079%, 7d avg −0.036%

Together, before fees−0.121%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.115% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	96.794	0	get 0.0000% / 4h	3h 16m	$147.5M	$359.9M	100x
Short	Extended XBR-USD	96.870	0.0032	get 0.0004% / 1h	16m 47s	$749K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now +0.079%Rate

Funding earned: $6.72
Price spread: +0.079% → −0.036%: $11.48
Slippage, 4 orders: −$3.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.43
Costs to cover: 0.186%
Break-even: 7.4 days

Slippage from Binance: live order book, 12 min ago; Extended: 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 Binance live order book, 12 min ago	0.51 bp	5.5 bp −$6	6.0 bp −$60	11.0 bp −$1,099	37.6 bp −$18.8K
Sell Extended live order book, 2 min ago	0.57 bp	4.5 bp −$5	12.7 bp −$127	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	96.342	−0.467%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0163%	1h	96.860	+0.068%	$99K	$268K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0094%	4h	96.917	+0.127%	$13K	$327K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0086%	1h	96.750	−0.046%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	96.880	+0.088%	$277K	$541K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	96.789	−0.006%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	96.879	+0.087%	$81K	$202K	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.871	+0.079%	$336K	$707K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	96.794	long leg	$147.5M	$359.9M	100x
Bybit BZUSDT	0.0000%	8h	96.710	−0.087%	$10.1M	$13.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.660	−0.139%	$16.2M	$20.4M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.770	−0.025%	$9.2M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.790	−0.005%	$27.9M	$19.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.031	+0.244%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.860	+0.068%	$4K	$2.2M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	+0.212%	$278K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.030	+0.243%	$1.2M	$81K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.72	+4.056%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.394	+0.620%	—	—	—	as long as short
BloFin BZ-USDT	+0.0017%	4h	96.830	+0.037%	$1.5M	$101K	50x	as long as short
edgeX BZUSDC	+0.0019%	4h	96.945	+0.155%	$224K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.800	+0.006%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	96.870	+0.079%	$749K	$2.6M	10x
Paradex BZ-USD-PERP	+0.0042%	8h	96.829	+0.035%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.857	+0.065%	$153.2M	$117.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.850	+0.057%	$1.6M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	97.072	+0.287%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.830	+0.037%	$3.7M	$949K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.110	+0.326%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	96.830	+0.037%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0326% / S −0.2771%	1h	96.825	+0.032%	$115K	—	111x	as long as short