Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Extended against SunX−0.029%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.029%, 7d avg −0.002%

Together, before fees+0.083%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.027% cheaper against SunX than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of −0.002%). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	96.710	0	get 0.0000% / 4h	3h 00m	$4K	$2.6M	20x
Short	Extended XBR-USD	96.682	0.0032	get 0.0004% / 1h	0m 44s	$720K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: $6.72
Price spread: −0.029% → −0.002%: −$2.67
Slippage, 4 orders: −$41.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$50.58
Costs to cover: 0.546%
Break-even: 59.7 days

Slippage from SunX: live order book, 6 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 SunX live order book, 6 min ago	18.61 bp	22.6 bp −$23	30.7 bp −$307	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.05 bp	2.6 bp −$3	16.3 bp −$163	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	95.731	−1.012%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.062%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.041%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.686	−0.025%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.710	0.000%	$145.9M	$402.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.700	−0.010%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.700	−0.010%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.666	−0.045%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.640	−0.072%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.700	−0.010%	$27.6M	$17.8M	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	96.668	−0.043%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.035%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	96.710	long leg	$4K	$2.6M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.660	−0.052%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	−0.010%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.213	+0.520%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.012%	$221K	$233K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.690	−0.021%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.709	−0.001%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.680	−0.031%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	96.682	−0.029%	$720K	$5.3M	10x
Vest BZ-PERP	+0.0046%	1h	100.73	+4.157%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	−0.001%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.706	−0.004%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.729	+0.020%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.660	−0.052%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.720	+0.010%	$3.8M	$925K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+0.031%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0122%	1h	96.685	−0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0324%	1h	96.730	+0.021%	$7K	$44K	5x	as long as short