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 0.000%

Price spread now: SunX against Bybit+0.031%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

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

costs, in and out, $10k−$660.661% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.031%, 7d avg +0.012%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.070	0	get 0.0000% / 8h	4h 22m	$10.4M	$16.7M	100x
Short	SunX BRENTOIL-USDT	96.100	0	get 0.0000% / 4h	22m 58s	$4K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.012%: $1.87
Slippage, 4 orders: −$47.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$64.22
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 min ago; SunX: live order book, 8 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, 9 min ago	0.52 bp	7.0 bp −$7	11.5 bp −$115	79.6 bp −$7,958	doesn't fit
Sell SunX live order book, 8 min ago	18.73 bp	26.6 bp −$27	35.3 bp −$353	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	95.676	−0.410%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0113% / S +0.0312%	1h	96.085	+0.016%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.400	+0.343%	$231K	$842K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	96.090	+0.021%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0011%	4h	96.050	−0.021%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.091	+0.022%	$333K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.037	−0.034%	$145.2M	$476.5M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	96.070	long leg	$10.4M	$16.7M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	96.020	−0.052%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.064	−0.006%	$2.2M	$1.2M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.030	−0.042%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.070	0.000%	$27.7M	$23.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.975	−0.099%	$9.5M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.990	−0.083%	$37K	$406K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	96.100	+0.031%	$4K	$2.7M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.130	+0.062%	$103K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.114%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.280	+0.219%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	95.988	−0.085%	$220K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.835	+0.796%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.097	+0.028%	$81K	$265K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	96.000	−0.073%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.090	+0.021%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.072	+0.002%	$672K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.16	+4.257%	—	$664K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.056	−0.015%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.075	+0.005%	$149.3M	$144.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.125	+0.057%	$1.5M	$552K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0058%	1h	96.091	+0.021%	$6K	$48K	5x	as long as short
KuCoin BZUSDTM	+0.0076%	4h	96.000	−0.073%	$3.7M	$967K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.010	−0.062%	$25K	$271K	50x	as long as short