Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: Phemex against OKX+0.021%7-day average +0.221% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.456%+$46 on $10k
Price spread, last 3 days (all we have)+0.264%+$26 · spread now +0.021%, 7d avg +0.221%
Together, before fees+0.720%+$72 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: Phemex is 0.200% cheaper against OKX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.221%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BZ-USDT-SWAP97.0100get 0.0000% / 4h1h 51m$15.9M$20.8M50x
ShortPhemex XBRUSDT97.0300get 0.0000% / 4h1h 51m$1.2M$84K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.021% → +0.221%
−$19.99
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$41.99
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 2 min ago; Phemex: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago0.52 bp6.6 bp −$79.5 bp −$9530.0 bp −$2,997doesn't fit
Sell Phemex live order book, 2 min ago2.06 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

BZ on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.207−0.828%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0104%1h96.810−0.206%$234K$425K15xas long as short
Aster BZUSDT0.0000%4h97.035+0.026%$337K$998K50xas long as short
Binance BZUSDT0.0000%4h97.030+0.021%$146.7M$375.7M100xas long as short
Bybit BZUSDT0.0000%8h97.000−0.010%$10.3M$13.4M100xas long as short
OKX BZ-USDT-SWAPlong0.0000%4h97.010long leg$15.9M$20.8M50x
RISEx BZ/USDC0.0000%1h97.041+0.032%$2.3M$1.3M20xas long as short
Gate BZ_USDT0.0000%8h96.980−0.031%$9.2M$12.3M100xas long as short
Bitget BZUSDT0.0000%4h97.020+0.010%$27.4M$16.4M100xas long as short
Variational Omni BZ0.0000%4h97.006−0.004%$9.4M$7.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BZ_USDT_Perp0.0000%4h96.921−0.091%$37K$343K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.060+0.052%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.040+0.031%$104K$238K15xas long as short
HTX BRENTOIL-USDT0.0000%4h96.990−0.021%$278K$269K75xas long as short
Phemex XBRUSDTshort0.0000%4h97.030+0.021%$1.2M$84K100x
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.569+0.576%as long as short
edgeX BZUSDC+0.0015%4h96.887−0.127%$222K$227K20xas long as short
Lighter BRENTOIL+0.0032%1h97.020+0.010%$3.3M$4.5M20xas long as short
Extended XBR-USD+0.0032%1h97.028+0.018%$677K$4.9M10xas long as short
Vest BZ-PERP+0.0046%1h101.09+4.206%$735K10xas long as short
Hotstuff BRENTOIL-PERP+0.0048%1h97.030+0.021%$33K20xas long as short
Paradex BZ-USD-PERP+0.0049%8h97.046+0.037%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.040+0.031%$152.0M$125.6M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.104+0.097%$1.5M$446K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h96.980−0.031%$3.1M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h97.090+0.082%$3.8M$876K50xas long as short
ApeX Omni BZUSDT+0.0100%1h96.970−0.041%$25K$273K50xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0180% / S +0.0062%1h97.025+0.015%$126K111xas long as short
Aftermath Perps BRENTUSD+0.0198%1h96.948−0.064%$7K$44K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0298%1h97.048+0.039%$84K$218K20xas long as short