Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: SunX against Injective+1.143%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 SunX

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 SunX is 1.143% dearer against Injective than usual: you sell high and buy low: +$114 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	96.141	−0.0220	get 0.0028% / 1h	3m 13s	$8K	$7K	30x
Short	SunX BRENTOIL-USDT	97.240	0	get 0.0000% / 4h	1h 03m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +1.143%Rate

Funding earned: $46.2
Price spread: +1.143% → 0.000%: $114.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $152.49
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SunX: 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 SunX live order book, 4 min ago	18.54 bp	26.4 bp −$26	35.1 bp −$351	doesn't fit	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	96.141	long leg	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	+0.883%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.140	+1.039%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.193	+1.094%	$337K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.165	+1.066%	$147.0M	$372.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.190	+1.091%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.150	+1.050%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.207	+1.108%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.230	+1.133%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.130	+1.029%	$9.2M	$12.4M	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	97.200	+1.102%	$27.5M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.086	+0.983%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.075	+0.972%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.240	+1.143%	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.170	+1.070%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	+0.893%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.160	+1.060%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	+0.989%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.726	+1.649%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.170	+1.070%	$3.3M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.179	+1.080%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0039%	1h	101.24	+5.304%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.225	+1.128%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.200	+1.102%	$152.4M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.254	+1.158%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.180	+1.081%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.220	+1.122%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	+1.029%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0116%	1h	97.102	+0.999%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0022%	1h	97.185	+1.086%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.208	+1.109%	$84K	$218K	20x	as long as short