Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Binance against Bybit+0.021%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 2 days (all we have)−0.039%−$4 · spread now +0.021%, 7d avg +0.008%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.890	0	get 0.0000% / 8h	6h 18m	$10.4M	$13.8M	100x
Short	Binance BZUSDT	96.910	0	get 0.0000% / 4h	2h 18m	$146.5M	$379.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.008%: $1.28
Slippage, 4 orders: −$6.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.37
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: 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 Bybit live order book, 5 min ago	0.52 bp	7.7 bp −$8	10.9 bp −$109	94.5 bp −$9,449	doesn't fit
Sell Binance live order book, 10 min ago	0.52 bp	5.5 bp −$6	5.5 bp −$55	11.2 bp −$1,120	43.2 bp −$21.6K

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	95.978	−0.941%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.083%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.880	−0.010%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.918	+0.029%	$337K	$1.2M	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	96.910	+0.021%	$146.5M	$379.5M	100x
Bybit BZUSDTlong	0.0000%	8h	96.890	long leg	$10.4M	$13.8M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	+0.010%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.896	+0.007%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.860	−0.031%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.910	+0.021%	$27.6M	$16.2M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.747	−0.147%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.764	−0.130%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.890	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	+0.041%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.144%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.840	−0.052%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	96.747	−0.148%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.449	+0.577%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.900	+0.010%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.913	+0.024%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.97	+4.211%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.901	+0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.927	+0.038%	$151.8M	$127.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.950	+0.062%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.850	−0.041%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.980	+0.093%	$3.8M	$886K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.780	−0.114%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0085%	1h	96.905	+0.015%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0240%	1h	96.818	−0.074%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.882	−0.008%	$83K	$218K	20x	as long as short