Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Extended+0.056%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.056%, 7d avg +0.028%

Together, before fees+0.105%+ Points / potential airdropExtended: Active · farm board+$10 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 KuCoin is 0.028% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.206	0.0032	pay 0.0004% / 1h	32m 40s	$738K	$3.1M	10x
Short	KuCoin BZUSDTM	97.260	0.0100	get 0.0050% / 4h	32m 40s	$3.8M	$801K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $14.28
Price spread: +0.056% → +0.028%: $2.78
Slippage, 4 orders: −$20.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.48
Costs to cover: 0.375%
Break-even: 17.0 days

Slippage from Extended: live order book, 1 min ago; KuCoin: 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 Extended live order book, 1 min ago	1.54 bp	5.3 bp −$5	24.7 bp −$247	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.51 bp	14.1 bp −$14	40.6 bp −$406	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	96.605	−0.618%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.047%	$236K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0005%	4h	97.280	+0.076%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.277	+0.074%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.243	+0.038%	$149.2M	$352.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.210	+0.004%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.220	+0.015%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.181	−0.026%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.170	−0.037%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	+0.015%	$27.8M	$18.3M	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	97.286	+0.082%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	+0.013%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	+0.076%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	+0.076%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.068%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.570	+0.375%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.34	+4.253%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.311	+0.109%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.823	+0.635%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	+0.045%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0023%	1h	97.150	−0.057%	$3.1M	$994K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.230	+0.025%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.206	long leg	$738K	$3.1M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.202	−0.004%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.268	+0.064%	$155.2M	$114.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	+0.107%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.308	+0.105%	$7K	$40K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.260	+0.056%	$3.8M	$801K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.160	−0.047%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.289	+0.085%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.275	+0.071%	$115K	—	111x	as long as short