Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.018%

Price spread now: OKX against Bybit0.000%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.010%−$1 · spread now 0.000%, 7d avg +0.005%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.010	0	get 0.0000% / 8h	4h 21m	$10.4M	$16.7M	100x
Short	OKX BZ-USDT-SWAP	96.010	0	get 0.0000% / 4h	21m 38s	$15.8M	$30.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.005%: −$0.54
Slippage, 4 orders: −$7.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.24
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	0.52 bp	8.6 bp −$9	13.4 bp −$134	77.9 bp −$7,792	doesn't fit
Sell OKX live order book, 1 min ago	0.52 bp	5.9 bp −$6	8.1 bp −$81	25.0 bp −$2,496	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	95.676	−0.348%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0118% / S +0.0313%	1h	96.045	+0.036%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.400	+0.406%	$231K	$842K	15x	as long as short
BloFin BZ-USDT	−0.0011%	4h	96.050	+0.042%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.084	+0.077%	$332K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.010	0.000%	$145.1M	$476.5M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	96.010	long leg	$10.4M	$16.7M	100x
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.010	0.000%	$15.8M	$30.3M	50x
RISEx BZ/USDC	0.0000%	1h	96.026	+0.017%	$2.2M	$1.2M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.990	−0.021%	$9.1M	$18.9M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.030	+0.021%	$27.7M	$23.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.975	−0.037%	$9.5M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.070	+0.062%	$37K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.070	+0.062%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.080	+0.073%	$103K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.052%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.270	+0.271%	$1.2M	$101K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.799	+0.822%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.052	+0.044%	$220K	$234K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0024%	1h	96.000	−0.010%	$3.1M	$1.1M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.075	+0.068%	$81K	$265K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.050	+0.042%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.053	+0.045%	$672K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.15	+4.312%	—	$664K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.050	+0.042%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.075	+0.068%	$149.3M	$144.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.132	+0.127%	$1.5M	$552K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0058%	1h	96.119	+0.114%	$6K	$48K	5x	as long as short
KuCoin BZUSDTM	+0.0074%	4h	96.000	−0.010%	$3.7M	$967K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.010	0.000%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0208%	1h	96.080	+0.073%	$33K	—	20x	as long as short