Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Extended against Bitget−0.041%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.041%, 7d avg −0.027%

Together, before fees+0.055%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	93.940	0	get 0.0000% / 4h	1h 49m	$27.7M	$30.1M	100x
Short	Extended XBR-USD	93.901	0.0032	get 0.0004% / 1h	49m 52s	$749K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $6.72
Price spread: −0.041% → −0.027%: −$1.43
Slippage, 4 orders: −$11.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.29
Costs to cover: 0.286%
Break-even: 31.3 days

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 2 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 Bitget live order book, 2 min ago	1.07 bp	7.6 bp −$8	9.5 bp −$95	28.1 bp −$2,810	doesn't fit
Sell Extended live order book, 2 min ago	2.71 bp	5.3 bp −$5	13.4 bp −$134	doesn't fit	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	94.290	+0.373%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0496%	1h	93.770	−0.181%	$45K	$374K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.771	−0.180%	$94K	$264K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.888	−0.056%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.954%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0093%	8h	93.900	−0.043%	$10.7M	$16.8M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.010	+0.075%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	94.133	+0.206%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0031%	4h	93.904	−0.038%	$145.1M	$466.8M	100x	as long as short
edgeX BZUSDC	−0.0007%	4h	94.025	+0.090%	$216K	$231K	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	93.884	−0.060%	$338K	$822K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.940	0.000%	$15.7M	$28.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.840	−0.106%	$8.8M	$12.7M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	93.940	long leg	$27.7M	$30.1M	100x
Variational Omni BZ	0.0000%	4h	93.891	−0.052%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.830	−0.117%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.970	+0.032%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.180	+0.255%	$1.2M	$80K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	93.890	−0.053%	$1.5M	$110K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0009%	1h	93.965	+0.027%	$129.0M	$183.0M	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.672	+0.779%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.500	+3.790%	—	$736K	10x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	93.760	−0.192%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0030%	1h	94.143	+0.216%	$7K	$38K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.940	0.000%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	93.901	−0.041%	$749K	$3.8M	10x
Ondo Perps BRENT-USD.P	+0.0042%	1h	93.810	−0.138%	$3.0M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.815	−0.133%	$1.5M	$487K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.830	−0.117%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.170	+0.245%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.005	+0.069%	$32K	—	111x	as long as short