Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: OKX against tradeXYZ−0.019%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

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

costs, in and out, $10k−$320.317% of the position

Long on tradeXYZ Short on OKX

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−0.004%$0 · spread now −0.019%, 7d avg −0.021%

Together, before fees−0.128%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, 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	tradeXYZ xyz:BRENTOIL	97.238	0.0050	pay 0.0006% / 1h	0m 11s	$152.4M	$125.1M	20x
Short	OKX BZ-USDT-SWAP	97.220	0	get 0.0000% / 4h	1h 00m	$16.0M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$10.5
Price spread: −0.019% → −0.021%: $0.21
Slippage, 4 orders: −$3.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.04
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; OKX: live order book, 3 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, 10 min ago	0.21 bp	9.3 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.51 bp	6.3 bp −$6	9.0 bp −$90	26.6 bp −$2,662	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	96.141	−1.128%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.255%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0028%	4h	97.160	−0.080%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.221	−0.017%	$338K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.240	+0.002%	$147.1M	$372.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.210	−0.029%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.220	−0.019%	$16.0M	$20.4M	50x
RISEx BZ/USDC	0.0000%	1h	97.180	−0.060%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.170	−0.070%	$9.2M	$12.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.250	+0.012%	$27.5M	$16.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.125	−0.116%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.162	−0.078%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.250	+0.012%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.240	+0.002%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.130	−0.111%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.240	+0.002%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	−0.150%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.767	+0.544%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.240	+0.002%	$3.3M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.238	0.000%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0038%	1h	101.25	+4.126%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.200	−0.039%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.175	−0.065%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.238	long leg	$152.4M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.280	+0.043%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.060	−0.183%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	+0.012%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	−0.111%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0113%	1h	97.125	−0.116%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0019%	1h	97.225	−0.013%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.229	−0.009%	$84K	$218K	20x	as long as short