Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.018%

Price spread now: Extended against BloFin+0.033%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now +0.033%, 7d avg +0.021%

Together, before fees+0.161%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, 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	BloFin BZ-USDT	97.660	0.0012	pay 0.0006% / 4h	2h 25m	$1.5M	$97K	50x
Short	Extended XBR-USD	97.692	0.0032	get 0.0004% / 1h	25m 10s	$680K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.033%Rate

Funding earned: $4.24
Price spread: +0.033% → +0.021%: $1.2
Slippage, 4 orders: −$6.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.53
Costs to cover: 0.240%
Break-even: 37.6 days

Slippage from BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.51 bp	8.0 bp −$8	10.8 bp −$108	25.2 bp −$2,520	doesn't fit
Sell Extended live order book, 4 min ago	1.69 bp	4.2 bp −$4	14.4 bp −$144	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	96.783	−0.898%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.133%	$235K	$434K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.713	+0.054%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.703	+0.044%	$147.9M	$362.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.690	+0.031%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.690	+0.031%	$16.1M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.668	+0.008%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.660	0.000%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.700	+0.041%	$28.0M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.619	−0.042%	$9.4M	$7.0M	—	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	97.601	−0.061%	$34K	$309K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.700	+0.041%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.680	+0.020%	$101K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.590	−0.072%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.680	+0.020%	$1.2M	$83K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.704	+0.045%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.231	+0.585%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.644	−0.017%	$225K	$227K	20x	as long as short
BloFin BZ-USDTlong	+0.0012%	4h	97.660	long leg	$1.5M	$97K	50x
Vest BZ-PERP	+0.0017%	1h	101.75	+4.188%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.680	+0.020%	$3.3M	$4.6M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.692	+0.033%	$680K	$3.7M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.683	+0.024%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.704	+0.045%	$154.3M	$124.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.720	+0.061%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.600	−0.061%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0060%	1h	97.611	−0.050%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.630	−0.031%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.700	+0.041%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.620	−0.041%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0319% / S −0.2554%	1h	97.685	+0.026%	$116K	—	111x	as long as short