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: OKX against SunX−0.085%57s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.611% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.085%, 7d avg −0.018%

Together, before fees+0.163%+$16 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: OKX is 0.066% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	94.360	0	get 0.0000% / 4h	1h 26m	$4K	$1.7M	20x
Short	OKX BZ-USDT-SWAP	94.280	0	get 0.0000% / 4h	1h 26m	$15.8M	$28.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. 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 SunXbpFee OKXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.018%: −$6.63
Slippage, 4 orders: −$43.07
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$67.7
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; OKX: 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 SunX live order book, 3 min ago	18.55 bp	22.6 bp −$23	31.0 bp −$310	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.53 bp	7.2 bp −$7	10.8 bp −$108	30.9 bp −$3,094	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	94.400	+0.042%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0703%	1h	94.360	0.000%	$29K	$388K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.399	+0.042%	$104K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.255	−0.111%	$2.2M	$2.5M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.504%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.390	+0.032%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0064%	8h	94.280	−0.085%	$10.7M	$16.9M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0040%	4h	94.448	+0.093%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0030%	4h	94.290	−0.074%	$144.9M	$468.0M	100x	as long as short
edgeX BZUSDC	−0.0014%	4h	94.325	−0.037%	$217K	$232K	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	94.327	−0.035%	$323K	$718K	50x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	94.280	−0.085%	$15.8M	$28.2M	50x
Gate BZ_USDT	0.0000%	8h	94.230	−0.138%	$8.8M	$13.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.300	−0.064%	$27.5M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.373	+0.014%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	94.360	long leg	$4K	$1.7M	20x
HTX BRENTOIL-USDT	0.0000%	4h	94.330	−0.032%	$242K	$315K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.480	+0.127%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.925	+0.599%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.970	+3.826%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0020%	1h	94.385	+0.027%	$7K	$37K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.330	−0.032%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.365	+0.005%	$754K	$3.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0033%	8h	94.326	−0.036%	$2K	$2K	5x	as long as short
BloFin BZ-USDT	+0.0037%	4h	94.380	+0.021%	$1.5M	$114K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.307	−0.056%	$138.6M	$189.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.335	−0.026%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.290	−0.074%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.310	−0.053%	$3.4M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.410	+0.053%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.405	+0.048%	$33K	—	111x	as long as short