Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.004%

Price spread now: Gate against BloFin−0.082%48s7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.387% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.082%, 7d avg −0.043%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.039% cheaper against BloFin than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.043%). If the spread goes back, that is −$4 on $10k: about 7.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.810	−0.0018	get 0.0009% / 4h	1h 32m	$1.5M	$97K	50x
Short	Gate BZ_USDT	97.730	0	get 0.0000% / 8h	1h 32m	$9.3M	$11.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.082%Rate

Funding earned: $3.81
Price spread: −0.082% → −0.043%: −$3.85
Slippage, 4 orders: −$11.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.78
Costs to cover: 0.387%
Break-even: 78.3 days

Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago	1.02 bp	7.6 bp −$8	8.4 bp −$84	14.7 bp −$1,474	doesn't fit
Sell Gate live order book, 1 min ago	1.02 bp	12.9 bp −$13	20.9 bp −$209	35.3 bp −$3,533	48.3 bp −$24.1K

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	97.018	−0.810%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.810	0.000%	$236K	$417K	15x	as long as short
BloFin BZ-USDTlong	−0.0018%	4h	97.810	long leg	$1.5M	$97K	50x
Aster BZUSDT	0.0000%	4h	97.789	−0.022%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.790	−0.020%	$147.8M	$349.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.770	−0.041%	$10.5M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.790	−0.020%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.756	−0.055%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.730	−0.082%	$9.3M	$11.0M	100x
Bitget BZUSDT	0.0000%	4h	97.780	−0.031%	$28.0M	$17.3M	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	97.798	−0.012%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.864	+0.056%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.820	+0.010%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.780	−0.031%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.750	−0.061%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.790	−0.020%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.92	+4.202%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.338	+0.539%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.857	+0.048%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.770	−0.041%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.779	−0.032%	$682K	$3.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.803	−0.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.780	−0.031%	$155.1M	$116.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.813	+0.003%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.061%	$3.1M	$994K	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0056%	1h	97.810	0.000%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0081%	1h	97.817	+0.007%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.790	−0.020%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.860	+0.051%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.773	−0.037%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.775	−0.036%	$116K	—	111x	as long as short