Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.015%

Price spread now: Extended against KuCoin−0.045%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.045%, 7d avg −0.028%

Together, before fees−0.114%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.070	0.0100	pay 0.0050% / 4h	11m 07s	$3.8M	$870K	50x
Short	Extended XBR-USD	97.026	0.0032	get 0.0004% / 1h	11m 07s	$680K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$14.28
Price spread: −0.045% → −0.028%: −$1.71
Slippage, 4 orders: −$14.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$47.71
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Extended: live order book, 3 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 KuCoin live order book, 6 min ago	0.51 bp	11.4 bp −$11	40.6 bp −$406	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	1.03 bp	4.9 bp −$5	16.5 bp −$165	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	96.433	−0.656%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.175%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−0.062%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.072	+0.002%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.020	−0.052%	$146.9M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.010	−0.062%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.020	−0.052%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.026	−0.045%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.010	−0.062%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.052%	$27.7M	$16.5M	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	97.017	−0.055%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.072%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	−0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	−0.052%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.062%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.227%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.070%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.576	+0.521%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.08	+4.131%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	−0.031%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.026	−0.045%	$680K	$4.3M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.049	−0.022%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.053	−0.018%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.089	+0.020%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.093%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	+0.021%	$33K	—	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.070	long leg	$3.8M	$870K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.103%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.119	+0.051%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.061	−0.010%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0149%	1h	97.025	−0.046%	$126K	—	111x	as long as short