Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Extended against Binance+0.001%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.001%, 7d avg −0.038%

Together, before fees−0.041%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.038% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.562	0	get 0.0000% / 4h	2h 05m	$147.5M	$357.7M	100x
Short	Extended XBR-USD	97.563	0.0032	get 0.0004% / 1h	5m 05s	$681K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now +0.001%Rate

Funding earned: $6.72
Price spread: +0.001% → −0.038%: $3.82
Slippage, 4 orders: −$4.44
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.9
Costs to cover: 0.194%
Break-even: 16.3 days

Slippage from Binance: live order book, 9 min ago; Extended: live order book, 4 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 Binance live order book, 9 min ago	0.51 bp	5.6 bp −$6	6.6 bp −$66	12.7 bp −$1,268	43.1 bp −$21.6K
Sell Extended live order book, 4 min ago	0.92 bp	4.2 bp −$4	12.6 bp −$126	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	96.939	−0.639%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.033%	$235K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.571	+0.009%	$339K	$930K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.562	long leg	$147.5M	$357.7M	100x
Bybit BZUSDT	0.0000%	8h	97.550	−0.013%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.540	−0.023%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.524	−0.039%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.510	−0.054%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.550	−0.013%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.538	−0.025%	$9.4M	$6.9M	—	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	97.560	−0.003%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.560	−0.002%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.550	−0.013%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	+0.069%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.530	−0.033%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.554	−0.009%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.100	+0.551%	—	—	—	as long as short
Vest BZ-PERP	+0.0014%	1h	101.60	+4.139%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0017%	4h	97.556	−0.006%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.550	−0.013%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.563	+0.001%	$681K	$3.5M	10x
BloFin BZ-USDT	+0.0045%	4h	97.560	−0.002%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.549	−0.014%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.580	+0.018%	$154.4M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.562	0.000%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.500	−0.064%	$3.1M	$995K	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.570	+0.008%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0078%	1h	97.597	+0.035%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.570	+0.008%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−0.002%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.545	−0.018%	$116K	—	111x	as long as short