Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against Binance+0.034%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Binance Short on tradeXYZ

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−0.076%−$8 · spread now +0.034%, 7d avg 0.000%

Together, before fees+0.012%+ Points / potential airdroptradeXYZ: Active · farm board+$1 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 tradeXYZ is 0.034% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.230	0	get 0.0000% / 4h	3h 34m	$148.6M	$355.3M	100x
Short	tradeXYZ xyz:BRENTOIL	97.263	0.0050	get 0.0006% / 1h	34m 10s	$155.4M	$115.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.034%Rate

Funding earned: $10.5
Price spread: +0.034% → 0.000%: $3.43
Slippage, 4 orders: −$1.16
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.23
Costs to cover: 0.292%
Break-even: 17.2 days

Slippage from Binance: live order book, 9 min ago; tradeXYZ: live order book, 4 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, 9 min ago	0.51 bp	5.5 bp −$6	6.3 bp −$63	12.0 bp −$1,196	26.4 bp −$13.2K
Sell tradeXYZ live order book, 4 min ago	0.05 bp	9.1 bp −$9	9.2 bp −$92	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0264%	1h	97.150	−0.082%	$100K	$263K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.913%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0076%	1h	97.130	−0.103%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.080	−0.154%	$236K	$405K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.228	−0.002%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.206	−0.025%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.250	+0.021%	$337K	$735K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.230	long leg	$148.6M	$355.3M	100x
Bybit BZUSDT	0.0000%	8h	97.230	0.000%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.230	0.000%	$16.2M	$19.9M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.180	−0.051%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.200	−0.031%	$27.9M	$18.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.329	+0.102%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.354	+0.127%	$13K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.190	−0.041%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	+0.041%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.250	+0.021%	$1.2M	$83K	100x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	97.420	+0.195%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.21	+4.093%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.872	+0.660%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.354	+0.127%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.190	−0.041%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.215	−0.015%	$753K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	97.247	+0.018%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.263	+0.034%	$155.4M	$115.7M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.250	+0.021%	$1.6M	$344K	20x	as long as short
BloFin BZ-USDT	+0.0057%	4h	97.310	+0.082%	$1.5M	$100K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.379	+0.153%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.190	−0.041%	$3.8M	$799K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.380	+0.154%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.225	−0.005%	$115K	—	111x	as long as short