Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: Binance against tradeXYZ−0.028%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

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

costs, in and out, $10k−$300.298% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.028%, 7d avg 0.000%

Together, before fees−0.066%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.028% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.258	0.0050	pay 0.0006% / 1h	33m 04s	$153.0M	$124.8M	20x
Short	Binance BZUSDT	97.231	0	get 0.0000% / 4h	33m 04s	$147.1M	$371.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now −0.028%Rate

Funding earned: −$10.5
Price spread: −0.028% → 0.000%: −$2.82
Slippage, 4 orders: −$1.78
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.1
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Binance: live order book, 11 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 tradeXYZ live order book, 7 min ago	0.05 bp	9.1 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.51 bp	5.5 bp −$6	6.1 bp −$61	12.1 bp −$1,215	57.9 bp −$29.0K

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	96.571	−0.706%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.019%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0017%	4h	97.230	−0.029%	$1.5M	$92K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.250	−0.008%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	−0.039%	$338K	$954K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.231	−0.028%	$147.1M	$371.1M	100x
Bybit BZUSDT	0.0000%	8h	97.210	−0.049%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.220	−0.039%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.208	−0.052%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.170	−0.090%	$9.2M	$12.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.220	−0.039%	$27.5M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.238	−0.021%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.226	−0.033%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.240	−0.019%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.230	−0.029%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.170	−0.090%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.340	+0.084%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.776	+0.533%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	97.224	−0.035%	$223K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	−0.039%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.247	−0.011%	$680K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0034%	1h	101.24	+4.094%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.209	−0.050%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.258	long leg	$153.0M	$124.8M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.268	+0.010%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.160	−0.101%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	−0.008%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.029%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.261	+0.003%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.234	−0.024%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S −0.0061%	1h	97.215	−0.044%	$126K	—	111x	as long as short