Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Extended against OKX+0.029%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.029%, 7d avg −0.017%

Together, before fees−0.012%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.046% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.120	0	get 0.0000% / 4h	1h 01m	$16.0M	$20.4M	50x
Short	Extended XBR-USD	97.149	0.0032	get 0.0004% / 1h	1m 09s	$675K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.029%Rate

Funding earned: $6.72
Price spread: +0.029% → −0.017%: $4.61
Slippage, 4 orders: −$5.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.31
Costs to cover: 0.206%
Break-even: 16.7 days

Slippage from OKX: live order book, 2 min ago; Extended: 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 OKX live order book, 2 min ago	0.51 bp	6.6 bp −$7	10.9 bp −$109	30.5 bp −$3,053	doesn't fit
Sell Extended live order book, 3 min ago	0.87 bp	3.9 bp −$4	14.4 bp −$144	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	96.141	−1.008%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.134%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0028%	4h	97.160	+0.041%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.138	+0.018%	$337K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.140	+0.021%	$146.9M	$372.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.120	0.000%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.120	long leg	$16.0M	$20.4M	50x
RISEx BZ/USDC	0.0000%	1h	97.150	+0.030%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.160	+0.041%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.080	−0.041%	$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	97.150	+0.031%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.125	+0.005%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.162	+0.043%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.190	+0.072%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.140	+0.021%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.130	+0.010%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.150	+0.031%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	−0.029%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.684	+0.581%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.140	+0.021%	$3.3M	$4.8M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.149	+0.029%	$675K	$4.6M	10x
Vest BZ-PERP	+0.0039%	1h	101.21	+4.211%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.152	+0.032%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.144	+0.025%	$152.3M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.218	+0.101%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.130	+0.010%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.170	+0.051%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	+0.010%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0119%	1h	97.145	+0.025%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0020%	1h	97.145	+0.026%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.166	+0.048%	$84K	$218K	20x	as long as short