Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against OKX+0.028%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.028%, 7d avg +0.019%

Together, before fees+0.075%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, 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	OKX BZ-USDT-SWAP	97.270	0	get 0.0000% / 4h	30m 32s	$16.1M	$19.6M	50x
Short	tradeXYZ xyz:BRENTOIL	97.297	0.0050	get 0.0006% / 1h	30m 32s	$155.3M	$114.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.5
Price spread: +0.028% → +0.019%: $0.85
Slippage, 4 orders: −$5.27
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.93
Costs to cover: 0.333%
Break-even: 21.6 days

Slippage from OKX: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago	0.51 bp	6.0 bp −$6	9.6 bp −$96	25.6 bp −$2,558	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.05 bp	10.0 bp −$10	10.7 bp −$107	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	−0.684%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.113%	$236K	$412K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.297	+0.028%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.280	+0.010%	$149.2M	$352.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.250	−0.021%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.270	long leg	$16.1M	$19.6M	50x
RISEx BZ/USDC	0.0000%	1h	97.233	−0.038%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.230	−0.041%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.270	0.000%	$27.8M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.187	−0.085%	$9.4M	$6.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	−0.053%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.220	−0.051%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.200	−0.072%	$100K	$255K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.134%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.490	+0.226%	$1.2M	$86K	100x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.190	−0.082%	$1.5M	$98K	50x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.29	+4.133%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.755	+0.498%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.225	−0.046%	$224K	$229K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0019%	1h	97.200	−0.072%	$3.1M	$995K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.270	0.000%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.269	−0.001%	$735K	$3.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.264	−0.007%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.297	+0.028%	$155.3M	$114.9M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.217	−0.054%	$1.6M	$405K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	97.240	−0.031%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0095%	1h	97.274	+0.004%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.270	0.000%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.290	+0.021%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.207	−0.064%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.205	−0.067%	$115K	—	111x	as long as short