Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Gate against Binance−0.035%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 7 days−0.045%−$5 · spread now −0.035%, 7d avg −0.076%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.624	0	get 0.0000% / 4h	2h 17m	$147.7M	$361.6M	100x
Short	Gate BZ_USDT	97.590	0	get 0.0000% / 8h	2h 17m	$9.3M	$11.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.076%: $4.1
Slippage, 4 orders: −$7.75
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.66
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Gate: live order book, 1 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 Binance live order book, 11 min ago	0.51 bp	5.5 bp −$6	6.4 bp −$64	16.1 bp −$1,607	53.3 bp −$26.7K
Sell Gate live order book, 1 min ago	1.02 bp	12.2 bp −$12	18.1 bp −$181	28.6 bp −$2,861	41.1 bp −$20.5K

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	96.783	−0.861%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.096%	$235K	$430K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.640	+0.017%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.634	+0.010%	$340K	$930K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.624	long leg	$147.7M	$361.6M	100x
Bybit BZUSDT	0.0000%	8h	97.620	−0.004%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.620	−0.004%	$16.1M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.593	−0.032%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.590	−0.035%	$9.3M	$11.7M	100x
Bitget BZUSDT	0.0000%	4h	97.630	+0.006%	$28.0M	$16.5M	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	97.558	−0.068%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.585	−0.039%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.640	+0.017%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	−0.004%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.600	−0.024%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	−0.014%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.540	−0.086%	$225K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.644	+0.021%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.169	+0.558%	—	—	—	as long as short
Vest BZ-PERP	+0.0016%	1h	101.69	+4.165%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.620	−0.004%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.625	+0.001%	$680K	$3.6M	10x	as long as short
BloFin BZ-USDT	+0.0040%	4h	97.620	−0.004%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.631	+0.008%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.646	+0.023%	$154.3M	$124.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.664	+0.041%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.570	−0.055%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0066%	1h	97.644	+0.021%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.650	+0.027%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.600	−0.024%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0325% / S −0.2698%	1h	97.625	+0.001%	$116K	—	111x	as long as short