Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.004%

Price spread now: gTrade (Gains Network) against Binance+0.591%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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 $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.591% dearer against Binance than usual: you sell high and buy low: +$59 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	Binance BZUSDT	97.264	0	get 0.0000% / 4h	3h 31m	$148.6M	$354.2M	100x
Short	gTrade (Gains Network) BRENT/USD	97.838	L +0.0011% / S −0.0011%	get 0.0001% / 1h	31m 07s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.591%Rate

Funding earned: $2.34
Price spread: +0.591% → 0.000%: $59.09
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $41.43
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 13 min ago; gTrade (Gains Network): no order-book sample. 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 Binance live order book, 13 min ago	0.51 bp	5.5 bp −$6	6.3 bp −$63	12.0 bp −$1,196	26.4 bp −$13.2K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 PERP	−0.0220%	1h	96.342	−0.947%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.300	+0.037%	$100K	$264K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0079%	1h	97.170	−0.096%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.230	−0.034%	$237K	$407K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0054%	4h	97.280	+0.017%	$13K	$331K	25x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.242	−0.022%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.272	+0.008%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.280	+0.017%	$338K	$735K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.264	long leg	$148.6M	$354.2M	100x
Bybit BZUSDT	0.0000%	8h	97.280	+0.017%	$10.3M	$13.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	97.240	−0.024%	$16.2M	$19.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.240	−0.024%	$9.2M	$10.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.290	+0.027%	$27.9M	$18.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.329	+0.067%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.310	+0.048%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	+0.007%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.280	+0.017%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.267	+0.003%	$223K	$230K	20x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.23	+4.078%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.838	+0.591%	—	—	—
Lighter BRENTOIL	+0.0032%	1h	97.250	−0.014%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.320	+0.058%	$750K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	97.267	+0.004%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.324	+0.062%	$155.5M	$116.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.300	+0.037%	$1.6M	$344K	20x	as long as short
BloFin BZ-USDT	+0.0054%	4h	97.240	−0.024%	$1.5M	$100K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0070%	1h	97.339	+0.077%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.280	+0.017%	$3.8M	$791K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.310	+0.048%	$26K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0192%	1h	97.300	+0.037%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.265	+0.001%	$115K	—	111x	as long as short