Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget0.000%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$650.645% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now 0.000%, 7d avg +0.006%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	96.790	0	get 0.0000% / 4h	2h 40m	$27.8M	$16.4M	100x
Short	SunX BRENTOIL-USDT	96.790	0	get 0.0000% / 4h	2h 40m	$4K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.006%: −$0.63
Slippage, 4 orders: −$44.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$65.15
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; SunX: live order book, 7 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 Bitget live order book, 4 min ago	0.52 bp	8.1 bp −$8	9.7 bp −$97	26.7 bp −$2,673	55.1 bp −$27.5K
Sell SunX live order book, 7 min ago	18.59 bp	26.5 bp −$26	35.2 bp −$352	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	95.962	−0.855%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.145%	$234K	$421K	15x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.031%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.787	−0.003%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.782	−0.008%	$146.2M	$388.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.780	−0.010%	$10.3M	$14.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.780	−0.010%	$15.9M	$23.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.781	−0.009%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.750	−0.041%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	96.790	long leg	$27.8M	$16.4M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.790	0.000%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.800	+0.010%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	96.790	0.000%	$4K	$2.6M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.800	+0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.041%	$277K	$284K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.780	−0.010%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.304	+0.531%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	96.798	+0.008%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.780	−0.010%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.776	−0.014%	$672K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+4.143%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.775	−0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.796	+0.006%	$151.6M	$132.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.842	+0.054%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.770	−0.021%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.790	0.000%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.840	+0.052%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.770	−0.021%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0104%	1h	96.775	−0.015%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.786	−0.004%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0273%	1h	96.811	+0.021%	$7K	$44K	5x	as long as short