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 +0.014%

Price spread now: KuCoin against tradeXYZ+0.008%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days−0.055%−$6 · spread now +0.008%, 7d avg −0.010%

Together, before fees+0.013%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, 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	97.262	0.0050	pay 0.0006% / 1h	59m 06s	$152.5M	$125.1M	20x
Short	KuCoin BZUSDTM	97.270	0.0100	get 0.0050% / 4h	59m 06s	$3.8M	$870K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $10.5
Price spread: +0.008% → −0.010%: $1.81
Slippage, 4 orders: −$11.35
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.04
Costs to cover: 0.413%
Break-even: 26.4 days

Slippage from tradeXYZ: live order book, 11 min ago; KuCoin: 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 tradeXYZ live order book, 11 min ago	0.21 bp	9.3 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.51 bp	10.9 bp −$11	35.7 bp −$357	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	−1.153%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	96.990	−0.280%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0048%	4h	97.230	−0.033%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.234	−0.028%	$338K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.260	−0.002%	$147.1M	$372.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.230	−0.033%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.240	−0.023%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.236	−0.027%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.180	−0.084%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.250	−0.012%	$27.5M	$16.4M	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	97.125	−0.141%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.155	−0.110%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.260	−0.002%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.260	−0.002%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.130	−0.136%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.260	−0.002%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	−0.127%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.787	+0.540%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.250	−0.012%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.260	−0.003%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0038%	1h	101.28	+4.131%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.250	−0.012%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.238	−0.024%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.262	long leg	$152.5M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.298	+0.037%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.190	−0.074%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.270	+0.008%	$3.8M	$870K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.130	−0.136%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0113%	1h	97.147	−0.118%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.293	+0.032%	$84K	$218K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0188% / S +0.0019%	1h	97.255	−0.007%	$126K	—	111x	as long as short