Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against Binance−0.005%7-day average +0.054% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

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

Price spread, last 2 days (all we have)+0.098%+$10 · spread now −0.005%, 7d avg +0.054%

Together, before fees+0.187%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.059% cheaper against Binance than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.054%). If the spread goes back, that is −$6 on $10k: about 4.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	96.735	0	get 0.0000% / 4h	2h 59m	$145.9M	$401.9M	100x
Short	tradeXYZ xyz:BRENTOIL	96.730	0.0050	get 0.0006% / 1h	59m 39s	$151.7M	$138.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.005%Rate

Funding earned: $10.5
Price spread: −0.005% → +0.054%: −$5.93
Slippage, 4 orders: −$2.7
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.13
Costs to cover: 0.307%
Break-even: 24.4 days

Slippage from Binance: live order book, 14 min ago; tradeXYZ: live order book, 10 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, 14 min ago	0.52 bp	5.5 bp −$6	6.3 bp −$63	13.0 bp −$1,302	48.1 bp −$24.1K
Sell tradeXYZ live order book, 10 min ago	0.21 bp	9.7 bp −$10	11.0 bp −$110	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	95.731	−1.038%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.088%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.067%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.726	−0.009%	$336K	$1.2M	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	96.735	long leg	$145.9M	$401.9M	100x
Bybit BZUSDT	0.0000%	8h	96.730	−0.005%	$10.4M	$15.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.740	+0.005%	$15.9M	$24.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.757	+0.022%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.720	−0.015%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.740	+0.005%	$27.7M	$17.1M	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	96.668	−0.069%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.061%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	−0.005%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	+0.016%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.036%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	−0.015%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.262	+0.545%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.037%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.750	+0.015%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.740	+0.005%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.754	+0.020%	$718K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.76	+4.161%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.704	−0.031%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.730	−0.005%	$151.7M	$138.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.773	+0.039%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.690	−0.046%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.700	−0.036%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.750	+0.016%	$3.8M	$921K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+0.005%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	−0.010%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	+0.002%	$7K	$44K	5x	as long as short