Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: SunX against Bitget+0.021%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 3 days (all we have)−0.304%−$30 · spread now +0.021%, 7d avg +0.004%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	95.920	0	get 0.0000% / 4h	3h 32m	$27.6M	$23.2M	100x
Short	SunX BRENTOIL-USDT	95.940	0	get 0.0000% / 4h	3h 32m	$4K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.004%: $1.67
Slippage, 4 orders: −$45.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$63.59
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 6 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	0.52 bp	8.0 bp −$8	9.5 bp −$95	25.3 bp −$2,533	85.6 bp −$42.8K
Sell SunX live order book, 6 min ago	18.77 bp	26.7 bp −$27	35.4 bp −$354	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0354% / S +0.0368%	1h	95.915	−0.005%	$114K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.293	−0.654%	$10K	$4K	30x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0130%	1h	95.968	+0.050%	$81K	$262K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0128%	1h	95.990	+0.073%	$230K	$839K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0002%	1h	95.900	−0.021%	$3.1M	$1.1M	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.933	+0.013%	$332K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.920	0.000%	$145.7M	$480.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.910	−0.010%	$10.3M	$16.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.910	−0.010%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.928	+0.009%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	0.0000%	1h	95.960	+0.042%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.880	−0.042%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	95.920	long leg	$27.6M	$23.2M	100x
Variational Omni BZ	0.0000%	4h	95.916	−0.004%	$9.5M	$11.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.896	−0.025%	$26K	$410K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	95.940	+0.021%	$4K	$2.7M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.930	+0.010%	$102K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.820	−0.104%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	−0.010%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	95.917	−0.003%	$219K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.622	+0.732%	—	—	—	as long as short
BloFin BZ-USDT	+0.0029%	4h	95.890	−0.031%	$1.5M	$97K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.920	0.000%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.930	+0.010%	$670K	$5.3M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0045%	1h	95.958	+0.040%	$6K	$47K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.01	+4.264%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	95.931	+0.011%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.940	+0.021%	$147.7M	$145.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.988	+0.071%	$1.5M	$545K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.970	+0.052%	$3.7M	$992K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.880	−0.042%	$25K	$270K	50x	as long as short