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: tradeXYZ against Bitget−0.041%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.043%+$4 · spread now −0.041%, 7d avg +0.007%

Together, before fees+0.180%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.048% cheaper against Bitget than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.007%). If the spread goes back, that is −$5 on $10k: about 3.2 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	Bitget BZUSDT	97.010	0	get 0.0000% / 4h	1h 49m	$27.4M	$16.4M	100x
Short	tradeXYZ xyz:BRENTOIL	96.970	0.0050	get 0.0006% / 1h	49m 52s	$151.9M	$125.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.5
Price spread: −0.041% → +0.007%: −$4.84
Slippage, 4 orders: −$4.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.79
Costs to cover: 0.345%
Break-even: 26.2 days

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.03 bp	8.2 bp −$8	10.3 bp −$103	27.3 bp −$2,729	63.4 bp −$31.7K
Sell tradeXYZ live order book, 10 min ago	0.05 bp	9.8 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit

BZ on 30 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	96.207	−0.828%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.206%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.981	−0.030%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.959	−0.053%	$146.6M	$375.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.960	−0.052%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.990	−0.021%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.011	+0.001%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.030	+0.021%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.950	−0.062%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	97.010	long leg	$27.4M	$16.4M	100x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.006	−0.004%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.921	−0.091%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.020	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−0.021%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	−0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.010	0.000%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.529	+0.535%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.887	−0.127%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.960	−0.052%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.000	−0.010%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.05	+4.165%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.016	+0.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.970	−0.041%	$151.9M	$125.6M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.062	+0.054%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.000	−0.010%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.050	+0.041%	$3.8M	$876K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.970	−0.041%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0062%	1h	96.985	−0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0198%	1h	96.969	−0.042%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.027	+0.017%	$84K	$218K	20x	as long as short