Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: OKX against Injective+1.076%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 1.076% dearer against Injective than usual: you sell high and buy low: +$108 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRENT/USDC PERP	96.333	−0.0220	get 0.0028% / 1h	44m 32s	$8K	$7K	30x
Short	OKX BZ-USDT-SWAP	97.370	0	get 0.0000% / 4h	3h 44m	$16.0M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now +1.076%Rate

Funding earned: $46.2
Price spread: +1.076% → 0.000%: $107.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $143.83
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.51 bp	5.8 bp −$6	11.0 bp −$110	28.4 bp −$2,839	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	−0.0220%	1h	96.333	long leg	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	+0.973%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.373	+1.079%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.360	+1.066%	$147.6M	$368.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.370	+1.076%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.370	+1.076%	$16.0M	$20.4M	50x
RISEx BZ/USDC	0.0000%	1h	97.363	+1.069%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	+1.097%	$34K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.330	+1.035%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.370	+1.076%	$27.9M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.348	+1.054%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	+1.057%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.390	+1.097%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.380	+1.087%	$104K	$241K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	+1.025%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.400	+1.108%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	+1.082%	$223K	$228K	20x	as long as short
BloFin BZ-USDT	+0.0010%	4h	97.350	+1.056%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.931	+1.659%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.41	+5.270%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.370	+1.076%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.394	+1.102%	$677K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.367	+1.074%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.409	+1.117%	$153.6M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.416	+1.124%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.320	+1.025%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.399	+1.107%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.430	+1.139%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.410	+1.118%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0107%	1h	97.331	+1.036%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0235% / S −0.0297%	1h	97.365	+1.071%	$126K	—	111x	as long as short