Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Extended+0.040%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

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

costs, in and out, $10k−$310.305% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.040%, 7d avg +0.028%

Together, before fees+0.124%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.511	0.0032	pay 0.0004% / 1h	39m 33s	$675K	$4.1M	10x
Short	KuCoin BZUSDTM	97.550	0.0100	get 0.0050% / 4h	3h 39m	$3.8M	$868K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $14.28
Price spread: +0.040% → +0.028%: $1.17
Slippage, 4 orders: −$13.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.07
Costs to cover: 0.305%
Break-even: 14.4 days

Slippage from Extended: live order book, 4 min ago; KuCoin: live order book, 3 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 Extended live order book, 4 min ago	0.10 bp	3.3 bp −$3	13.1 bp −$131	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.03 bp	15.5 bp −$16	42.6 bp −$426	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	96.333	−1.208%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.247%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.488	−0.024%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	−0.011%	$147.7M	$367.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.510	−0.001%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.490	−0.022%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.481	−0.031%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.470	−0.042%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	−0.001%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.458	−0.054%	$9.3M	$6.9M	—	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	97.462	−0.050%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.009%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	−0.001%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.196%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	−0.001%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.440	−0.073%	$1.5M	$92K	50x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.427	−0.087%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.053	+0.556%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.53	+4.122%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.490	−0.022%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.511	long leg	$675K	$4.1M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.497	−0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.521	+0.010%	$154.0M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.529	+0.018%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−0.063%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.502	−0.010%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.530	+0.019%	$34K	—	20x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.550	+0.040%	$3.8M	$868K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−0.145%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.393	−0.121%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0239% / S −0.0325%	1h	97.495	−0.016%	$127K	—	111x	as long as short