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% APRpaid last 24h 0.000%

Price spread now: SunX against Bybit−0.010%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.010%, 7d avg +0.010%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.021% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it 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	Bybit BZUSDT	96.610	0	get 0.0000% / 8h	7h 21m	$10.4M	$15.9M	100x
Short	SunX BRENTOIL-USDT	96.600	0	get 0.0000% / 4h	3h 21m	$4K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.010%: −$2.07
Slippage, 4 orders: −$46.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$67.8
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: 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 Bybit live order book, 2 min ago	0.52 bp	8.6 bp −$9	11.8 bp −$118	93.0 bp −$9,305	doesn't fit
Sell SunX live order book, 5 min ago	18.65 bp	26.6 bp −$27	35.3 bp −$353	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	95.669	−0.974%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.559%	$232K	$467K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.645	+0.036%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.633	+0.024%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.610	0.000%	$145.8M	$422.1M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	96.610	long leg	$10.4M	$15.9M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	96.590	−0.021%	$15.9M	$25.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.602	−0.009%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.570	−0.041%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.630	+0.021%	$27.6M	$19.2M	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	−0.156%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.503	−0.111%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	96.600	−0.010%	$4K	$2.6M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.670	+0.062%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.124%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.630	+0.021%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.183	+0.593%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.500	−0.114%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0017%	4h	96.499	−0.115%	$221K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.659	+0.051%	$83K	$235K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.610	0.000%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.615	+0.005%	$737K	$5.4M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.550	−0.062%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	96.590	−0.021%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	96.606	−0.004%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.69	+4.223%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.631	+0.022%	$151.6M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.685	+0.078%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.640	+0.031%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.114%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0399%	1h	96.524	−0.089%	$7K	$45K	5x	as long as short