Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: Bitget against tradeXYZ−0.025%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.025%, 7d avg −0.007%

Together, before fees−0.108%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, 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	tradeXYZ xyz:BRENTOIL	97.044	0.0050	pay 0.0006% / 1h	9m 36s	$153.1M	$126.7M	20x
Short	Bitget BZUSDT	97.020	0	get 0.0000% / 4h	9m 36s	$27.7M	$16.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$10.5
Price spread: −0.025% → −0.007%: −$1.74
Slippage, 4 orders: −$4.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.25
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Bitget: live order book, 4 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 tradeXYZ live order book, 9 min ago	0.05 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.03 bp	7.0 bp −$7	8.5 bp −$85	17.7 bp −$1,769	49.3 bp −$24.7K

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	96.433	−0.630%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.202%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−0.035%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.068	+0.025%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.014	−0.031%	$146.9M	$369.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.020	−0.025%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.010	−0.035%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.012	−0.033%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.990	−0.056%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.020	−0.025%	$27.7M	$16.5M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.017	−0.028%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.034	−0.010%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.050	+0.006%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.030	−0.014%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	−0.056%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.253%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.016	−0.029%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.580	+0.552%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.07	+4.149%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	−0.004%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.032	−0.013%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.021	−0.023%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.044	long leg	$153.1M	$126.7M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.074	+0.031%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.066%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.080	+0.037%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.050	+0.006%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	97.080	+0.037%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0125%	1h	97.103	+0.061%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.071	+0.028%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0213% / S −0.0155%	1h	97.025	−0.020%	$126K	—	111x	as long as short