Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.061%

Price spread now: Bybit against edgeX−0.018%81s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.459% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.018%, 7d avg +0.026%

Together, before fees−0.308%+ Points / potential airdropedgeX: Active · farm board−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.043% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	95.917	0.0004	pay 0.0002% / 4h	3h 32m	$219K	$234K	20x
Short	Bybit BZUSDT	95.900	0	get 0.0000% / 8h	3h 32m	$10.3M	$16.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$0.81
Price spread: −0.018% → +0.026%: −$4.34
Slippage, 4 orders: −$25.92
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.08
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; Bybit: live order book, 2 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 edgeX live order book, 15 min ago	10.41 bp	14.9 bp −$15	15.8 bp −$158	59.4 bp −$5,943	doesn't fit
Sell Bybit live order book, 2 min ago	0.52 bp	10.1 bp −$10	12.3 bp −$123	56.7 bp −$5,671	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0354% / S +0.0368%	1h	95.915	−0.002%	$114K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.293	−0.651%	$10K	$4K	30x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0130%	1h	95.968	+0.053%	$81K	$262K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0128%	1h	95.990	+0.076%	$230K	$839K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0002%	1h	95.900	−0.018%	$3.1M	$1.1M	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.928	+0.012%	$332K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.920	+0.003%	$145.7M	$480.6M	100x	as long as short
Bybit BZUSDTshort	0.0000%	8h	95.900	−0.018%	$10.3M	$16.8M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	95.900	−0.018%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.928	+0.012%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	0.0000%	1h	95.960	+0.045%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.880	−0.039%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.920	+0.003%	$27.6M	$23.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.916	−0.001%	$9.5M	$11.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.896	−0.021%	$26K	$410K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.940	+0.024%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.930	+0.014%	$102K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.820	−0.101%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	−0.007%	$1.2M	$100K	100x	as long as short
edgeX BZUSDClong	+0.0004%	4h	95.917	long leg	$219K	$234K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.622	+0.735%	—	—	—	as long as short
BloFin BZ-USDT	+0.0029%	4h	95.890	−0.028%	$1.5M	$97K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.920	+0.003%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.930	+0.014%	$670K	$5.3M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0045%	1h	95.958	+0.043%	$6K	$47K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.01	+4.267%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	95.931	+0.014%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.934	+0.018%	$147.7M	$145.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.988	+0.074%	$1.5M	$545K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.970	+0.055%	$3.7M	$992K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.880	−0.039%	$25K	$270K	50x	as long as short