Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX0.000%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.013%+$1 · spread now 0.000%, 7d avg +0.012%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	93.900	0	get 0.0000% / 4h	1h 46m	$15.7M	$28.5M	50x
Short	Bitget BZUSDT	93.900	0	get 0.0000% / 4h	1h 46m	$27.6M	$30.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.012%: −$1.15
Slippage, 4 orders: −$8.01
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.17
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: 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 OKX live order book, 5 min ago	0.53 bp	6.9 bp −$7	10.5 bp −$105	29.9 bp −$2,994	doesn't fit
Sell Bitget live order book, 5 min ago	1.07 bp	9.1 bp −$9	11.6 bp −$116	29.6 bp −$2,960	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	+0.415%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0602%	1h	93.770	−0.138%	$39K	$379K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.798	−0.108%	$96K	$266K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.914	+0.015%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.997%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0091%	8h	93.880	−0.021%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.064%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	93.947	+0.050%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0035%	4h	93.890	−0.011%	$144.8M	$470.2M	100x	as long as short
edgeX BZUSDC	−0.0023%	4h	93.931	+0.033%	$216K	$231K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	93.844	−0.060%	$322K	$819K	50x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	93.900	long leg	$15.7M	$28.5M	50x
Gate BZ_USDT	0.0000%	8h	93.830	−0.075%	$8.8M	$12.7M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	93.900	0.000%	$27.6M	$30.2M	100x
Variational Omni BZ	0.0000%	4h	93.891	−0.010%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.940	+0.043%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.910	+0.011%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.200	+0.319%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.280	+0.404%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.520	+3.855%	—	$736K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0018%	1h	93.790	−0.117%	$128.8M	$183.9M	20x	as long as short
Lighter BRENTOIL	+0.0024%	1h	93.790	−0.117%	$3.4M	$5.6M	20x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	93.870	−0.032%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0029%	1h	94.047	+0.156%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0032%	4h	93.850	−0.053%	$1.5M	$110K	50x	as long as short
Extended XBR-USD	+0.0032%	1h	93.830	−0.075%	$756K	$3.8M	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.864	−0.038%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.890	−0.011%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.780	−0.128%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.860	−0.043%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	93.815	−0.091%	$32K	—	111x	as long as short