Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.012%

Price spread now: Extended against edgeX+0.041%93s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$360.363% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.041%, 7d avg +0.038%

Together, before fees+0.035%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 93 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	97.375	0.0008	pay 0.0004% / 4h	3h 43m	$223K	$228K	20x
Short	Extended XBR-USD	97.415	0.0032	get 0.0004% / 1h	43m 59s	$677K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.041%Rate

Funding earned: $4.99
Price spread: +0.041% → +0.038%: $0.28
Slippage, 4 orders: −$22.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.04
Costs to cover: 0.363%
Break-even: 50.5 days

Slippage from edgeX: live order book, 8 min ago; Extended: 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, 8 min ago	10.29 bp	14.8 bp −$15	15.7 bp −$157	61.5 bp −$6,145	doesn't fit
Sell Extended live order book, 5 min ago	0.41 bp	2.9 bp −$3	12.2 bp −$122	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	96.333	−1.070%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.108%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.396	+0.021%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.384	+0.009%	$147.6M	$368.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.400	+0.026%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.390	+0.015%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.363	−0.013%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	+0.015%	$34K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.350	−0.026%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.420	+0.046%	$27.9M	$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	97.348	−0.028%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	−0.025%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.380	+0.005%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.370	−0.005%	$104K	$241K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.057%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.015%	$1.2M	$84K	100x	as long as short
edgeX BZUSDClong	+0.0008%	4h	97.375	long leg	$223K	$228K	20x
BloFin BZ-USDT	+0.0010%	4h	97.350	−0.026%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.934	+0.574%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.42	+4.154%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	+0.005%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.415	+0.041%	$677K	$4.2M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.367	−0.008%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.440	+0.067%	$153.7M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.413	+0.039%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.320	−0.057%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.390	+0.015%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.430	+0.056%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.410	+0.036%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0105%	1h	97.331	−0.045%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0235% / S −0.0303%	1h	97.365	−0.010%	$126K	—	111x	as long as short