Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.002%

Price spread now: Bybit against edgeX+0.055%101s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.055%, 7d avg +0.030%

Together, before fees−0.192%+ Points / potential airdropedgeX: Active · farm board−$19 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: Bybit is 0.025% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	97.457	0.0002	pay 0.0001% / 4h	2h 47m	$224K	$228K	20x
Short	Bybit BZUSDT	97.510	0	get 0.0000% / 8h	2h 47m	$10.4M	$12.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$0.44
Price spread: +0.055% → +0.030%: $2.53
Slippage, 4 orders: −$26.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.65
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from edgeX: live order book, 64 min ago; Bybit: 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 edgeX live order book, 64 min ago	10.29 bp	14.8 bp −$15	15.7 bp −$157	61.5 bp −$6,145	doesn't fit
Sell Bybit live order book, 5 min ago	0.51 bp	9.2 bp −$9	12.8 bp −$128	99.2 bp −$9,923	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	96.684	−0.793%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.460	+0.004%	$237K	$441K	15x	as long as short
BloFin BZ-USDT	−0.0040%	4h	97.520	+0.065%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.499	+0.043%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.506	+0.051%	$147.5M	$364.8M	100x	as long as short
Bybit BZUSDTshort	0.0000%	8h	97.510	+0.055%	$10.4M	$12.6M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.520	+0.065%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.474	+0.018%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.480	+0.024%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.500	+0.045%	$28.0M	$16.6M	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	97.488	+0.032%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.497	+0.042%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.065%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	+0.055%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.450	−0.007%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.520	+0.065%	$1.2M	$83K	100x	as long as short
edgeX BZUSDClong	+0.0002%	4h	97.457	long leg	$224K	$228K	20x
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.504	+0.049%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.049	+0.608%	—	—	—	as long as short
Vest BZ-PERP	+0.0020%	1h	101.55	+4.200%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.500	+0.045%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.526	+0.071%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.498	+0.042%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.511	+0.056%	$153.8M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.528	+0.073%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.430	−0.027%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	97.486	+0.030%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.480	+0.024%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.560	+0.106%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.520	+0.065%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0294% / S −0.2173%	1h	97.495	+0.039%	$115K	—	111x	as long as short